Follow

Central Bank of Kenya (CBK)

Hotel industry recovery gains steam, create jobs

Reading Time: 3 minutes Despite concerns over new Coronavirus (Covid-19) Delta variant recovery in the hospitality sector gained steam in July buoyed by school […]

Lending to private sector set to soar as economy recovers

Reading Time: 2 minutes Most banks are likely to lend more to the private sector this August on optimism over economic recovery, Central Bank […]

Treasury seeking to raise Sh60b for budgetary support

Reading Time: 2 minutes The National Treasury is in the market seeking to raise Sh60 billion domestically to go towards budgetary support.  Central Bank […]

Real estate NPLs soar to Sh9.2b

Reading Time: 2 minutes The real estate sector suffered the most having registered the highest surge in non-performing loans at 14 per cent in […]

Lender customers be on the look-out for ransomware, financial or banking trojans

Reading Time: 2 minutes Steve Umidha @UmidhaSteve Cyber criminals are targetting your most personal information, this time focusing on online banking and crypto wallets, […]

Lenders earn Sh71b from MSMEs loans

Reading Time: 3 minutes Steve Umidha @UmidhaSteve Loans to micro, small and medium enterprises (MSMEs) generated Sh70.8 billion for the banking industry, representing 12.2 […]

Regulator changes tack to cushion insured deposits

Reading Time: 2 minutes Steve Umidha @SteveUmidha The Kenya Deposit Insurance Corporation (KDIC) is considering sweeping changes that could see failed depositors get their […]

Government stays fuel prices to ease the cost of living

Reading Time: 2 minutes INFLATION:  The government maintained fuel prices despite a surge in global crude oil prices in a move that cushions consumers, […]

CBK Governor defends quality of new generation notes

Reading Time: < 1 minute Lewis Njoka @LewisNjoka Central Bank of Kenya (CBK) Governor Patrick Njoroge yesterday defended the quality of the new generation currency […]

Banks likely to raise cost of credit, experts caution

Reading Time: 2 minutes Kenya Revenue Authority’s move to stop banks from deducting provisions for bad loans from their taxable income could force banks […]