New currency: Three people busted with Ksh.100K fake notes in Embu

By Anthony Ndwiga,

Police in Embu North have arrested three suspects who were found with fake Ksh. 100,000 notes. Embu North Sub County Commander Godfrey Kere said th...

Central Bank of Kenya (CBK) , new currency kenya

EACC recovers stolen assets worth Ksh.2.7B in four months

By Ian Omondi,

Ethics and Anti-Corruption Commission (EACC) Chief Executive Officer Twalib Mbarak on Thursday stated that the State agency has recovered stolen asset...

Assets Recovery Agency , corruption , EACC , Twalib Mbarak

With no competing offers, NBK accepts KCB’s Ksh.3.80 share price

By Kepha Muiruri,

The board of the National Bank of Kenya (NBK) has resigned itself to the KCB Group self valuation of the bank with no forthcoming counter offer for th...

KCB Group , National Bank of Kenya , NBK Board chairman Mohamed Hassan

Payment service providers to create security-distinct post in new CBK guidelines

By Kepha Muiruri,

Payment Service Providers (PSPs) will be required to create a distinct information security post from October this year as the Central Bank of Kenya (...

Central Bank of Kenya (CBK) , Cyber security , payment service providers , Serianu

Auditor General ordered to probe NBK books

By Kepha Muiruri,

The National Assembly has now ordered the Office of the Auditor General (OAG) to audit the books of accounts belonging to the National Bank of Kenya (...

Auditor General , CBK , KCB Group , National Treasury , NBK

Rising food, fuel prices push June inflation rate to 5.7pc

By Kepha Muiruri,

The Kenya National Bureau of Statistics (KNBS) has quoted the end month inflation rate at 5.7 percent to indicate a 0.2 percent upward adjustment to c...

CBK , consumer prices in Kenya , Inflation , kenyan shilling , KNBS

All hands on deck: Rotich assures Parliament of proper checks on KCB-NBK deal

By Kepha Muiruri,

The National Treasury has defended its position on perceived laxity under the ongoing procedures in the acquisition of the National Bank of Kenya (NBK...

CBK , CMA , Henry Rotich , KCB-NBK acquisition , National Treasury

How the rate cap sparked change to an ‘indisciplined’ financial sector

By Kepha Muiruri,

The interest rate cap has brought a substantial level of positive change to the financial sector this in spite of its well documented regressive effec...

Central Bank of Kenya , interest rate cap law , Jude Njomo , Kenya Bankers Association , National Treasury

KCB Group offers to buy National Bank of Kenya for Ksh.6.6 billion

By Kepha Muiruri,

KCB Group has offered National Bank of Kenya Ksh.6.6 billion shillings to acquire 100% of the struggling bank. In a binding takeover document prese...

KCB Group , KCB-NBK acquisition , National Bank of Kenya (NBK) , Wilfred Musau

CBK Governor downplays concerns on weakening shilling

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has eased concerns on the shilling's value quelling fears to the volatility of the local unit. The shilling for ins...

Central Bank of Kenya

Central Bank says no extension of Ksh.1000 note withdrawal deadline

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has ruled out any extensions to the demonetization deadline set for October 1, 2019. Speaking at a news conference ...

Demonetization effects filter into value of Kenyan shilling

By Kepha Muiruri,

The value of the Kenyan shilling has continued its recent slide against the US dollar breaching the Ksh.102 mark for only a second time this year, sig...

Central Bank of Kenya (CBK) , demonetization , kenyan shilling , patrick njoroge

National Bank postpones key vote on takeover by KCB

By Kepha Muiruri,

The board of the National Bank of Kenya (NBK) postponed the key vote on the lender’s proposed takeover by KCB Group on Friday. This as the bank�...

Why new notes are taking time to hit your wallet

By Kepha Muiruri,

While a number of Kenyans have already gotten their hands on the new age currency notes, a similar proportion is yet to interact with the new notes to...

Central Bank of Kenya (CBK) , demonetization , New currency

Digital lenders form self-regulating alliance amid public backlash

By Kepha Muiruri,

Twelve of the estimated 500 digital lenders in Kenya have launched the Digital Lenders Association of Kenya (DLAK), a self-regulating alliance incorpo...

Central Bank of Kenya (CBK) , Digital Lenders Association of Kenya (DLAK) , digital lending apps , Dr. Patrick Njoroge , Robert Masinde.

New notes hit banking counters, CBK confirms circulation

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has confirmed the release of the first batch of new currency notes to commercial banks bringing into circulation the m...

CBK , demonetization , new currency kenya

CBK: What you need to exchange over Ksh.1M for new currency

By Citizen Reporter,

The Central Bank of Kenya (CBK) has said those without bank accounts and with over Ksh.1million and want to exchange for the new currency will need to...

CBK , new currency kenya

CBK to mop up 217.6 million old series Ksh.1000 notes

By Kepha Muiruri,

Data from the Central Bank of Kenya (CBK) indicates that there are 217.6 million old-series Ksh. 1000 notes in circulation today, a pivotal figure to ...

Central Bank , New currency , patrick njoroge

East African CEOs caught napping under disruption wave: report

By Kepha Muiruri,

East African CEOs are making littler investments in innovation in comparison to their global counterparts, a new report says. The report authored b...

East African CEOs

CBK warns of impending disruption to mobile-money services

By Kepha Muiruri,

Governor to the Central Bank of Kenya (CBK) Patrick Njoroge has warned of an impending disruption to mobile-money services, this as innovation in glob...

CBK , Euromoney Conference , financial inclusion , mobile money , patrick njoroge