Former Fed chairs condemn criminal investigation into Jerome Powell

Three former chairs of the US Federal Reserve, including Janet Yellen, Ben Bernanke, and Alan Greenspan, have strongly condemned a criminal investigation into current Chair Jerome Powell, labeling it an attempt to undermine the central bank's independence. This condemnation comes after Powell revealed the US Department of Justice (DoJ) is investigating his testimony regarding renovations to Federal Reserve buildings.

How the Gov’t Borrowed Billions From Kenyans

The Kenyan Government has successfully raised over Ksh 60 billion from local investors through the reopening of two long-term Treasury bonds, demonstrating strong domestic confidence in lending to the government.

Before you borrow - Has CBK approved your Loan App?

Big banks predict fall in borrowing costs under new CBK pricing model

The chief executives of Kenya's two largest banks anticipate a decline in borrowing costs for customers. This change is expected as a new Central Bank of Kenya (CBK) loan pricing system becomes fully effective from March of this year.

CBK licenses 42 more digital credit providers, total now 195

The Central Bank of Kenya (CBK) has licensed an additional 42 Digital Credit Providers (DCPs), bringing the total number of regulated digital lenders in the country to 195 as of January 1, 2024. This ongoing regulation aims to curb predatory practices and protect consumers in the rapidly expanding digital lending sector.

CBK Issues Update on Approved Digital Lenders

The Central Bank of Kenya (CBK) has announced the licensing of an additional 42 Digital Credit Providers (DCPs), bringing the total number of licensed providers in Kenya to 195. This decision, announced in a press notice on Monday, December 30, aligns with Section 59(2) of the CBK Act aimed at consumer protection and transparency in the digital lending sector.