Central Bank of Kenya
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Business
Safety of depositors’ money in question as hackers’ siphon Sh1.59billion in 2024 alone
Hackers stole a record Sh1.59 billion from Kenya’s banking sector in 2024, highlighting cyber risks as banks and digital lenders…
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Business
CBK has no powers to compel county governments to close unauthorised accounts, Thugge tells Senators
Central Bank of Kenya (CBK) Governor Dr Kamau Thugge, has informed the Senate that it lacks direct enforcement authority to…
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Business
How zero-rating most M-PESA transactions quadrupled usage
The zero-rating of some M-PESA transaction charges during the Covid-19 pandemic and the subsequent changes after resulted in usage of…
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Business
Half of Kenyan banks adopt AI to curb credit risk and tackle cybercrimes, CBK survey shows
A survey by the Central Bank of Kenya (CBK) has revealed 50 per cent of Kenyan banks have adopted Artificial…
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Business
Co-op Bank extends window for high value money transfers by nearly four hours
Co-op Bank has extended the Real Time Gross Settlement (RTGS) window to 4 pm for branches and 4.40 pm for…
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Business
CBK data shows banks with highest and lowest lending and deposit rates
Central Bank of Kenya (CBK) has released date on commercial banks’ interest rates for lending and deposit as of May…
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Business
Employers urged to adopt new PAYE system to avoid penalties
The Kenya Revenue Authority (KRA) has introduced a simplified method for employers to file Pay As You Earn (PAYE) returns…
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Business
CBK announces extension of operating hours for high-value transactions
The Central Bank of Kenya (CBK) has announced the extension of operating hours for the Kenya Electronic Payment and Settlement…
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Business
Bank Al Habib announces closure of representative office in Kenya
Pakistan-based Bank Al Habib Limited has issued a notice of closure for its representative office in Kenya in the next…
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Business
CBK emphasise adoption of standard lending rate by banks to promote affordable financing
The Central Bank of Kenya will be assessing the Risk-Based Credit Pricing Model (RBCPM) to evaluate if it has met…
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