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Financial Sercices
Latest Article 4 Oct 2024
CBK’s draft climate risk playbook and its role in the future of banking
This year, extreme weather events have caused devastating floods in various parts of the world, destroying whole towns and valuable infrastructure. Many people lost their homes, livelihoods, and, tragically, their loved ones. No country has been spared, from Dubai to Brazil and, more recently, the US, where Elon Musk had to make Starlink available for […]...
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21 Apr 2024
CBK introduces green finance taxonomy, paving the way for sustainable financial practices
In a groundbreaking development that signals a major step forward in environmental sustainability, the Central Bank of Kenya (CBK) unveiled the draft Kenya Green Finance Taxonomy (KGFT) for pub...
14 Mar 2024
Who is Who: Meet Raimond Molenje, the new Acting CEO of Kenya Bankers Association
Mr Molenje joined the Kenya Bankers Association in 2018 and has 19 years of experience in legal and regulatory practice, human capital, and policy advocacy, having held senior management roles in lead...
8 Mar 2024
Kenyan banking sector balances strong profits with sovereign exposure challenges
Fitch Ratings recently conducted a peer review, where they assessed the creditworthiness of three bank holding companies – KCB Group PLC, NCBA Group PLC, and I&M Group Plc – along with...
7 Aug 2023
The IMF conundrum: risks and opportunities for Kenya on its increased engagement with the IMF.
Kenya’s relationship with the International Monetary Fund (IMF) has recently come under scrutiny as the country seeks to address its economic challenges and secure external financial support thr...
12 Jun 2023
Waning Allure and evolving landscape of Central Bank Digital Currencies: A Prudent Approach for Kenya
Central Bank Digital Currencies (CBDCs) have become a hot topic in global finance. These digital currencies issued and regulated by central banks are sparking intense discussions and research. CBDCs h...
22 May 2023
Unveiling CBK governor nominee Kamau Thugge: Insights into his Background, Fiscal Policies, and Implications for Kenya
As Central Bank of Kenya governor Patrick Njoroge’s term comes to an end next month, the process to find his replacement has begun. On Monday, 15th May 2023, President William Ruto announced that he...
20 Jan 2023
Meet Wilkister Simiyu a new KRA Board Member
Wilkister Simiyu Ms. Wilkister Simiyu is the Company Secretary and Head of Legal Services at the Kenya Seed Company. She has over 10 years’ work experience both as a practicing advoc...
2 Dec 2022
Hustler Fund launch: The loopholes sealed and opportunities for financial services providers
The Hustler Fund (also known as the Financial Inclusion Fund) was launched this week. This is a flagship project of the Kenya Kwanza government established to disburse low interest rate credit to ‘h...
2 Jul 2021
2nd July 2021 Trade & Financial Services Round Up
KENYA Employers oppose paying NHIF contributions for staff Kenyan employers have rejected proposals in a Bill that require them to match workers’ monthly contributions to the National Hospital Insur...
27 Mar 2021
26th March 2021 Trade & Financial Services Round Up
KENYA KCB receives Global Finance Award for best bank in Kenya KCB Bank has been recognized as the best bank in Kenya by the respected Global Finance Magazine during their 28th annual awards for the W...
20 Nov 2020
Appointment of Chief Executive Officer at the Capital Markets Authority
On 19 th November, 2020 it was confirmed that the Cabinet Secretary for National Treasury & Planning, Hon. (Amb.)Ukur Yatani, EGH, had approved the appointment of Mr. Wyckliffe Shamiah as the Chie...
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