Business & Economy3 stories
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.
