CBK
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News
A Safaricom Sale, A Nervous Shilling, And A Central Bank Choosing Arithmetic Over Symbolism
Central banks rarely volunteer opinions on how governments should raise money. They police inflation, manage liquidity, and safeguard market confidence.…
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BUSINESS
Kenya’s Loan Rate Divide Is No Accident and the Numbers Behind It Tell a Rougher Truth About Banking
Kenya’s cost of credit portal, a public transparency tool run by the Kenya Bankers Association, has revealed just how uneven…
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News
CBK’s Fee Cap Gambit: Cheaper Mobile Money for Kenyans, or a Slow Squeeze on M-Pesa’s Golden Engine?
For nearly two decades, M-Pesa has operated like essential infrastructure and untouchable monopoly at the same time — a utility…
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News
Kenya and Nigeria Confront Digital Lending Risks with Contrasting Rules
Digital lending has exploded across Africa, offering instant credit through mobile phones to households, students, and small businesses. But the…
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News
CBK’s KESONIA Model Explained: What Kenya’s New Loan Pricing System Means For Mobile Loans And Digital Banking
For years, borrowers have complained about the mismatch between Central Bank policy and the rates they actually face in banking…
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BUSINESS
Kenya Licenses 27 New Digital Lenders
Kenya’s Central Bank (CBK) has announced the licensing of an additional 27 Digital Credit Providers (DCPs), bringing the total number…
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News
Kenya Dirty Money Crackdown Intensifies with CBK-UK Treasury Partnership to Protect Financial Sector
The Central Bank of Kenya (CBK) has partnered with the United Kingdom’s finance ministry as part of a broader Kenya…
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News
M-Pesa, PesaLink, and the CBK: The Battle for Kenya’s Financial Future
Kenya has one of the most dynamic financial systems in the world but there’s something about to change – the…
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News
CBK Licenses 7 More Digital Credit Providers
The Central Bank of Kenya (CBK) has issued operating licenses to 7 new Digital Credit Providers (DCPs). This now brings…
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Startups
LemFi receives regulatory approval to offer remittance services in Kenya in partnership with Wapi Pay
LemFi, the cross-border payment solution that enables the diaspora community to send and receive money back home has received approval…
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News
Kenya rolls out a QR code standard for facilitating digital payments
The Central Bank of Kenya (CBK) on Wednesday unveiled the Kenya Quick Response (QR) Code Standard 2023. The QR code…
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News
Two firms fined Ksh.5 million by ODPC for abusing customers personal data
The Office of the Data Protection Commissioner (ODPC) has issued a penalty notice against two companies, digital credit provider, Whitepath…
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News
CBK to launch DhowCSD, a digital platform for purchase of Treasury Bills and Bonds
Kenyans will from next month be able to buy government securities from a digital platform known as DhowCSD. The system…
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News
Kenyan Senate is spearheading talks with CBK to legalize crypto
The Kenyan Senate has taken a proactive step to engage the Central Bank in discussions that could see the country…
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News
I&M Bank suspends bank to M-PESA transaction charges
I&M Bank has today announced that it will not be charging its customers for transferring money from its digital banking platform…
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News
CBK licenses 12 more digital lenders
The Central Bank of Kenya (CBK) has granted operating licenses to an additional 12 Digital Credit Providers (DCPs), bringing the…
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News
Bank to mobile charges are back as High Court declines to extend order
Safaricom will continue to charge its customers transfer fees for transactions between banks and mobile wallets after the High Court…
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News
Digital lenders claim CBK is delaying issuance of licenses
Digital lenders have raised concerns over delays in obtaining operational licences from the Central Bank of Kenya (CBK). Business Daily…
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News
Digital Lending App Zenka Has Written Off Sh166 Million Defaulted Loans
Just a week after the Central Bank of Kenya(CBK) directed digital lenders to work with loan defaulters in helping them…
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News
Google directs digital loan apps to obtain CBK license before appearing on Play Store
The new regulations by the Central Bank of Kenya (CBK) requiring proper registration of all digital loan apps has gotten…
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News
CBK kick-starts process to remove 4.2 million digital borrowers from CRB
The Central Bank of Kenya (CBK) has directed financial institutions to work with more than four million Kenyans who have…
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News
CBK announces split of Airtel Money from Airtel Networks
The Central Bank of Kenya (CBK) on Tuesday announced the successful separation and transfer of Airtel money from its mobile…
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News
CBK releases list of companies licensed to offer digital loans in Kenya
The Central Bank of Kenya (CBK) has released a list of companies licensed to operate as Digital Credit Providers (DCPs)…
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News
Kenyan Court Freezes Another Sh400.6 Million Belonging to Flutterwave
Nigerian fintech Flutterwave is once again in the Kenyan courts for the wrong reasons. Early Tuesday, the High Court of…
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Startups
CBK grants Virtual Pay International a PSP License to operate in Kenya
The Central Bank of Kenya (CBK) has granted Virtual Pay International Limited a license to operate as a Payment Service…
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COLUMNS
TEJPAL BEDI: Regulating digital lenders in Kenya: The benefits for consumers and industries
In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously…
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BUSINESS
CBK Blocks over 300 Mobile Lenders from Listing Defaulters at CRBs
The Central Bank of Kenya (CBK) has barred over 337 unregulated digital and credit-only lenders from listing loan defaulters at…
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News
Safaricom Wanted CBK To Limit Free M-PESA Transfers To 5 Per Day After Massive Losses
Free M-PESA cash transfers for transactions less than Ksh 1000 is very helpful. It’s a measure put forward by the…
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BUSINESS
[Column] Fintechs are disrupting the local traditional remittance market
Data from the Central Bank of Kenya (CBK) shows that diaspora inflows in the country rose to Ksh30.4 billion ($295.3…
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