CBK Announces New Deal to Boost East Africa Cross-Border Payments

The Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBR) have signed a Memorandum of Understanding (MOU) to create a shared licence passporting framework for cross-border payment service providers (PSPs).

Central Bank warns Middle East conflict could reignite inflation

The Central Bank of Kenya (CBK) is warning that the escalating conflict in the Middle East could trigger a resurgence of inflation, posing a significant challenge to maintaining price stability ahead of its upcoming April Monetary Policy Committee (MPC) meeting.

Sweden’s central bank urges households to keep cash reserves amid global uncertainty

Sweden's central bank, the Riksbank, has reissued a recommendation urging households to keep approximately 1,000 Swedish kronor (about 109 U.S. dollars) in cash at home due to global uncertainty and potential disruptions to digital payment systems.

Kenya’s banking sector sees turnaround as loan defaults drop by Sh46 billion

Safaricom Secures CBK Approval to Mask Phone Numbers on M-Pesa Transactions

Safaricom has received approval from the Central Bank of Kenya (CBK) to implement a privacy feature on M-Pesa that will mask customer phone numbers during transactions.