Lenders, the Central Bank and financial regulation.
The Central Bank of Kenya (CBK) has unveiled a new loan-pricing framework that will see the Kenya Shilling Overnight Interbank Average (KESONIA) replace opaque internal benchmarks as the reference rate for all variable-rate loans. The shift, which takes…
SBM Bank Kenya has announced a remarkable return to profitability, posting a net profit of KSh 202 million for the half-year ended June 2025, a significant turnaround from the KSh 943 million loss recorded during a similar period in 2024. The strong…
Behind the Central Bank of Kenya’s (CBK) steady hand on monetary policy lies a ticking time bomb: a rapidly aging workforce that threatens to derail institutional continuity, weaken reform momentum, and expose Kenya’s financial system to operational…
The Central Bank of Kenya (CBK) has pushed back against growing speculation that it plans to reintroduce interest rate caps, following public concern over stubbornly high bank lending rates despite a downward shift in the Central Bank Rate (CBR). The panic…
The Co-operative Bank of Kenya has onboarded 135 additional savings and credit co-operatives (saccos) onto its banking platform, deepening its commercial grip on the sector that doubles as both shareholder and client base. The move solidifies Co-op Bank’s…
Former Cabinet Secretary Raphael Tuju has secured a significant legal reprieve as the High Court extended orders barring the East African Development Bank (EADB) and Garam Investments Auctioneers from auctioning his Karen estate, pending resolution of a…
The Kenya Revenue Authority (KRA) has secured direct links into the government’s financial systems, allowing it to monitor payments to public servants and suppliers in real time. In a new integration push, KRA’s iTax system is being linked with the National…
Kenya and Ethiopia have taken a significant step toward deeper regional economic integration with the signing of a bilateral agreement to implement key aspects of the African Continental Free Trade Area (AfCFTA). The deal, signed this week at the Moyale…
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