MPs leave Kenyans at the mercy of banks as rate caps fall

By Kepha Muiruri,

Members of Parliament (MPs) have left Kenyans at the mercy of banks on the rate charged on new loans as the interest rate caps fall. In a chaotic v...

IMF anxious to see jump in Kenya’s tax base

By Kepha Muiruri,

The International Monetary Fund (IMF) has pinned taxes as the central pillar to the attainment of a satisfactory fiscal consolidation program as the c...

CBK , IMF , National Treasury

Uhuru sides with banks, calls for removal of interest rate caps

By Kepha Muiruri,

President Uhuru Kenyatta has declined to sign the Finance Bill, 2019 following the move by Members of Parliament to retain interest rate caps. In a...

CBK , interest rate caps , KBA , Uhuru kenyatta

Unaccounted for mattress money that never returned into circulation

By Kepha Muiruri,

The Central Bank of Kenya (CBK) managed to put to waste sums greater than the reported Ksh.7.4 billion worth of the demonetized Ksh.1000 notes, financ...

CBK , demonetization , old notes , patrick njoroge

Here is what will happen to your old Ksh.1000 notes

By Kepha Muiruri,

The Central Bank of Kenya (CBK) will shred and package the entire sum of 209.7 million of the collected old series Ksh.1000 notes before destroying th...

CBK , demonetization , old Ksh.1000 notes , patrick njoroge

Old notes worth Ksh7.4B now worthless, CBK says

By Kepha Muiruri,

Kenyans returned Ksh.209.7 billion worth of notes in the recently completed demonetization cycle. According to the Central Bank of Kenya (CBK), the...

CBK , patrick njoroge

Kenyans break ‘last minute’ stereotype as deadline for old Ksh.1K notes closes

By Kepha Muiruri,

Commercial Banks registered average to routine operations on Monday as the window to change over to the new currency Ksh.1000 notes came to a close. ...

CBK , demonetization , new notes

Where is the illicit cash? Queries persist on the demonetization success

By Kepha Muiruri,

Revelations by the Central Bank of Kenya (CBK) on the collected sums of the old generation Ksh.1000 notes have served to raise more questions than ans...

CBK , demonetization , new notes

CBK raises alarm over huge cash transactions in Narok ahead of Oct. 1 deadline

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has underlined the high usage of cash in Narok County as an ongoing concern ahead of the October 1 demonetization dead...

CBK , demonetization , Narok County

CBK reveals only 24 individuals returned over Ksh.2 million in new notes exchange

By Kepha Muiruri,

Only 24 transactions were individually valued above Ksh.2 million in the changeover to the new Ksh.1,000 notes in three months to September 1. Acco...

Central Bank of Kenya , patrick njoroge

‘Cucu still has old Ksh.1K bundles from last Christmas’, Mwalimu Churchill on CBK deadline

By Citizen Reporter,

The Central Bank of Kenya is advising Kenyans to check on their cucu and advise her to exchange her old Ksh.1000 notes before the deadline date. Go...

CBK , mwalimu churchill , new currency kenya

Man busted with fake currency worth Ksh.200M in Kileleshwa due in court

By Citizen Reporter,

A man who was discovered with fake currencies worth Ksh.200 million in Kileleshwa, Nairobi is set to be arraigned in court on Friday. According to ...

demonetization , Fake currency

U.S. Embassy to stop accepting old Ksh.1,000 notes after September 12

By Benjamin Muriuki,

The U.S. Embassy in Nairobi has announced it will not accept the old generation 1,000 Kenya shilling notes after September 12, 2019 ahead of the Octob...

US Embassy

CBK approves KCB’s acquisition of National Bank of Kenya

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has approved the 100 percent share capital acquisition of the National Bank of Kenya (NBK) by the KCB Group. The re...

CBK , CMA , KCB , NBK

Money under mattress? Critics raise concern as CBK deadline for old Ksh.1K notes nears

By Kepha Muiruri,

The demonetisation order from the Central Bank of Kenya (CBK) which largely involves removing old series Ksh. 1000 notes from circulation risks closin...

CBK , demonetization

Banks profitability heading for the rocks, KBA warns

By Kepha Muiruri,

Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...

CBK , interest caps , Kenya Bankers Association

Central Bank embarks on public awareness campaign for new currency

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has kicked off the consumer-awareness campaign to help the public know how to pick out fake new currency notes. Thi...

CBK governor Patrick Njoroge , Central Bank of Kenya , New currency

Central Bank’s firefighting breaks Kenya shilling flat-run

By Kepha Muiruri,

Central Bank stepped up its open market operations during the week to hold off further slides to the Kenya shilling valuation. According to investo...

CBK , kenyan shilling

Cryptocurrency plan will radically transform Kenya’s monetary system: report

By Kepha Muiruri,

A ICT Ministry-backed team has retained its quest for the development of cryptocurrency assets in Kenya in spite of regulator unease. The task-forc...

bitcoin , cryptocurrency , ICT Ministry , Joe Mucheru

Shilling weakens to a five year low

By Citizen Reporter,

The shilling weakened against the dollar to a near five-year low on Tuesday due to importer demand and excess liquidity in the money markets, traders ...

Arror-Kimwarer dams scandal , Five year low , SHILLING weakens