Central Bank of Kenya
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BUSINESS
Banks Push Back After CBK Orders Rate Changes
The CBK lending rate order requires commercial banks in Kenya to immediately adjust lending rates following changes to the Central…
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News
Kenya’s Financial Watchdogs See a Fragile Backbone in the Tech That Holds It All Together
Kenya’s top financial regulators have warned that the financial system’s growing reliance on a handful of large technology providers has…
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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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BUSINESS
Unregulated digital lenders in Kenya directed to cease operations
Kenya is home to more than 200 digital lenders that are providing people with easy access to loans of various…
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BUSINESS
CBK grants digital payments provider DPO Group a PSP license to operate in Kenya
African digital payments provider DPO Group Kenya has received official approval from the Central Bank of Kenya to operate as…
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Blockchain
France says it will block Facebook’s Libra cryptocurrency in Europe
Two months later since Facebook officially announced its planned launch of own cryptocurrency Libra, many jabs have been thrown at…
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BUSINESS
Equity Bank lowers lending rates to 13 percent
Equity Bank has lowered the interest rate charged on loans to a maximum of 13 percent p. a with effect…
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BUSINESS
Sh.960 Billion Transacted Through Mobile Money In The First Quarter Of 2018
Kenyans transacted over Sh 960 billion through mobile money in the first three months of this of this year. According…
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BUSINESS
Kenyans abroad are the biggest senders of mobile to mobile remittances
Kenyans in the diaspora are the biggest senders of digital remittances to mobile accounts. This is according to new data…
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