Central Bank Revokes License of Remittance Provider

The Central Bank of Kenya (CBK) has officially revoked the license of a money remittance provider through a gazette notice published on September 19, banning it from operating in the sector. This action was taken pursuant to Regulation 44 (2) of the Money Remittance Regulations, 2013, which governs the suspension and revocation of such licenses.

India, UAE Central Banks Advance Local Currency Trade and Digital Payments at Joint Task Force Meeting

The Central Banks of India and the UAE are advancing strategic initiatives to facilitate bilateral trade in local currencies, integrate payment systems, and collaborate on Central Bank Digital Currencies (CBDCs).

Homa Bay, Kitui, Nakuru Counties Own Highest Number Of Bank Accounts

Kenyan county governments operated 5,476 commercial bank accounts as of June 30, despite regulations requiring most funds to be held at the Central Bank, raising concerns about fiscal control and mismanagement. This fragmented approach exposes billions of shillings and complicates oversight.

CBK gives banks six months to embrace new loan pricing model

CBK takes KES 63B in September bonds

CBK Raises KSh 61.4Bn from Long-Term Bond Reopenings After 30-Year Flop

The Central Bank of Kenya (CBK) successfully raised KSh 61.44 billion from the reopening of two long-dated Treasury bonds following an earlier weak performance in its September bond sale program. This strong demand for the 20-year and 25-year bonds reversed a prior setback with a 30-year bond.