Tag: CBK

Kenya Gazette Week-ended 19th September 2025

THE PROCEEDS OF CRIME AND ANTI-MONEY LAUNDERING ACT, ANTI-MONEY LAUNDERING ADVISORY BOARD, APPOINTMENT The Cabinet Secretary for the National Treasury and Economic Planning has appointed Edward Ouko to be a member of the Anti-Money Laundering Advisory Board, for a period of three (3) years, with effect from 19th September 2025. THE PROCEEDS OF CRIME AND […]...

Capping Out, KESONIA In: Rethinking Credit Access in Kenya

Credit continues to drive economic growth. However, according to the latest Monetary Policy Committee (MPC) statement by the Central Bank of Kenya (CBK), an increase in commercial bank lending to the ...

19 Sep 2025

Trade and Financial Service Round-Up: Issue No. 36 of 2025

Kenya CBK Governor Asks Banks to End ‘Excuses’, Cut Loan Rates The Central Bank of Kenya (CBK) has instructed commercial banks to stop offering excuses for not lowering the cost of loans following...

1 Aug 2025

Trade and Financial Service Round-Up: Issue No. 29 of 2025

KENYA Banks Win on Terms to Dictate Loan Costs in CBK’s U-Turn The Central Bank of Kenya (CBK) has retreated from its plans to control lending rates using its benchmark rate, handing a victory to co...

24 Jan 2025

Regulation of Virtual Assets

It has recently come to light that the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) will jointly regulate the cryptocurrency industry upon the approval, assent and gazettement o...

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...

24 Feb 2024

Kenya’s fiscal landscape: A Review of the 2024 Budget Policy Statement and its implications on businesses

Background The Budget Policy Statement (BPS) is a government policy document that sets out the broad strategic priorities and policy goals to guide the National Government and County Governments in pr...

16 Feb 2024

CBK agriculture survey: Sector shows resilience, expects price decline despite challenges.

The Central Bank of Kenya released the Agriculture Sector Survey for January 2024, highlighting the sector’s significant contribution to the country’s economy. Accounting for an estimate...

7 Apr 2023

BRICS at a glance: Funding opportunities for Africa and the risks

The new world order known as BRIC, a group acronym referring to Brazil, Russia, India, and China, has been trying to take over economic dominance from the West and have more sovereignty and autonomy.�...

24 Mar 2023

A Primer: The Kenya Foreign Exchange Code

Over time, the country’s financial landscape has witnessed tremendous growth and transformation. Amidst the laudable growth and transformation, numerous risks and weaknesses have been exposed. As a ...

17 Feb 2023

An overview of the Tax Procedures Act (No. 29 Of 2015) (Common Reporting Standards) Regulations, 2023

The Tax Procedures (Common Reporting Standards) Regulations, 2023 took effect on January 1, 2023. The Regulations are significant steps towards the global movement to increase tax transparency due to ...