Low dollar demand underpins Kenya’s forex by Sh760 mn
Remittance inflows stood at $260.7 million in September compared to Sh29.7 billion and Sh29.9 billion in the previous two months...
Tag : Central Bank of Kenya
Caritas Microfinance Bank joins Kenya Bankers Association
Straps: With that, the total number of members in the association has reached to 47 banks...
The rise of crypto adoption in Africa
by WebAdmin
Facebook’s Libra and CBDCs are contributing factors to increase the popularity of cryptocurrency in Africa...
Kenya extends free mobile money transactions for cashless payments
For that reason, the central bank has extended free mobile money transactions less than Sh1,000...
KCB to acquire Imperial Bank under receivership
Five years ago, Imperial Bank was placed under receivership on the basis of inappropriate banking practice...
Unaitas Sacco approves Sh500 mn dividend pay out for members
The Sacco comprises more than 320,000 members in Kenya...
Kenya issues Sh50 bn bond to provide further support
Even the IMF approved $1.23 bn of emergency funding for Kenya and Uganda...
Kenyan banks outperform Nigerian counterparts
According to Moody’s report, technology helped Kenyan banks to be more efficient...
Kenya court clears case against National Bank acquisition
Two individuals Evans Aseto and John Kiptoo filed the petition on grounds of the legality of the deal...
Kenyan banks’ forex deposits stabilise at Sh577.9 bn as of June end
The central bank said that there was a slight decline of 0.2 percent in forex deposits during the period between April and May...