Business & Economy3 stories from 1 sources
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9 percent. This marks the second consecutive rate cut and aims to boost credit uptake and economic activity. Concurrently, a new report by Bybit reveals that Kenyans are increasingly using cryptocurrency, especially Stablecoins, for remittances and cross-border payments due to lower transaction costs and faster settlement. In other sector news, NCBA Group held its 2025 Johari Awards grand finale in Nairobi. The event honored top performers in Asset Finance, Insurance Premium Finance (IPF), and Bancassurance, recognizing excellence across various regions of Kenya.
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9 percent, aiming to boost credit uptake and economic activity. This marks the second consecutive rate cut as Kenya's economy shows signs of stabilization.
Summary & Analysis
Kenyans are increasingly using cryptocurrency, especially Stablecoins, for remittances and cross-border payments due to lower transaction costs and faster settlement, according to a new report by Bybit.
Summary & Analysis
NCBA Group recently honored top performers in Asset Finance, Insurance Premium Finance (IPF), and Bancassurance at its 2025 Johari Awards grand finale in Nairobi, recognizing excellence across various regions of Kenya.
Summary & Analysis
