CBK

Borrowers to get 50% discount on non-performing mobile loans – CBK
By Francis Muli | 4 months ago
The Central Bank of Kenya (CBK) has announced the rollout of a Credit Repair Framework for mobile loans by commercial banks, microfinance banks a...

Safaricom hints at return of charges on banking transactions
By Francis Muli | 4 months ago
Safaricom has hinted that it might soon start charging banking transactions, two years after the charges were dropped due to Covid-19. While reporting...

CBK flags DP Gachagua’s comments on Foreign Exchange reserves
By Francis Muli | 6 months ago
The Central Bank of Kenya (CBK) has flagged Deputy President Rigathi Gachagua’s comments about the adequacy of CBK’s foreign exchange cover. I...

CBK announces internship programme for fresh graduates, how to apply
By Naomi Njoroge | 8 months ago
The Central Bank of Kenya(CBK) has announced new internship openings for fresh graduates. In a statement, the bank is seeking new recruits for their s...

Kenyans aged 55 and above top list of frequent gamblers – study
By Naomi Njoroge | 1 year ago
Several findings from recent research confirm that Kenyans aged 55 years and above are the top gamblers unlike a previous report which placed the yout...

CBK cuts lending rate to 7pc in bid to cushion economy from virus fallout
By K24Tv Team | 3 years ago
The virus has disrupted agriculture and tourism, which are Kenya’s biggest foreign-exchange earners after remittances. ...

CBK penalises Absa Bank Kenya over foreign exchange lapses
By Joel Muinde | 3 years ago
CBK says that Absa Bank Kenya failed to adhere to financial transaction requirements, including conducting standard checks on anti-money laundering an...

CBK lowers the lending rate to 7.25 per cent, releases Sh35.2bn to banks
By Jimmy Mbogoh | 3 years ago
CBK also reduced the cash reserve ratio from 5.25 per cent to 4.25 per cent, which saw the bank release Sh35.2 billion back to banks....

CBK transfers Sh7.4bn nabbed after demonetisation to State account
By Joel Muinde | 3 years ago
Demonetisation of the older series Sh1,000 notes was announced on June 1, 2019, aimed at addressing grave concern of illicit financial flows....

CBK to quarantine money from banks, relaxes grace period for some borrowers
By Joel Muinde | 3 years ago
CBK says it will quarantine money out of banks for at least a week, a period Dr Patirck Njoroge says is enough for coronavirus to become inactive....