Banks must seek approval before using AI to reject or approve loans, CBK warns

The Central Bank of Kenya (CBK) has issued a warning to banks, stating that they must obtain explicit approval before utilizing Artificial Intelligence (AI) for loan rejection or approval processes.

CBK Unveils New Rules Targeting Kenyan Banks

The Central Bank of Kenya (CBK) is introducing new capital and risk rules for banks deemed critical to the nation's financial stability.

Centum sees inflation peaking at 7pc in 2027

Centum Investment forecasts Kenya's inflation to peak at 7% in the fourth quarter of 2027, a scenario dependent on the Strait of Hormuz remaining partially open.

Raila Odinga, Pio Gama Pinto Headline 2026 National Heroes Roll

The National Heroes Council (NHC) has nominated 242 Kenyans for national hero status in 2026, with notable figures like the late Former Prime Minister Raila Odinga and freedom fighter Pio Gama Pinto among them.

Nedbank gets CBK nod to acquire 66pc stake in NCBA

South African lender Nedbank Group Limited has received regulatory approval from the Central Bank of Kenya (CBK) to acquire a controlling stake of up to 66 percent in NCBA Group Plc.

Retired CBK deputy governor Jacinta Mwatela: The bold and anti-graft crusader