Kenyans Holding Dollars Face Tougher Rules Under New CBK Proposal

A new bill proposed in Kenya seeks to impose stricter regulations on foreign currency, including hefty penalties for hoarding. The proposed amendments to the Central Bank of Kenya (CBK) Act aim to curb speculative hoarding that can destabilize the exchange market.

CBK licenses 29 more digital lenders, taking total to 281

The Central Bank of Kenya (CBK) has licensed 29 more digital lenders, bringing the total number of regulated providers to 281. This move is part of the regulator's ongoing efforts to enhance oversight of the digital lending sector.

CBK Plans New System to Make Bank and Mobile Transfers Cheaper

The Central Bank of Kenya (CBK) is planning a national payment switch to significantly lower the cost of money transfers between banks, mobile money platforms, and other payment providers. This initiative is part of a proposed overhaul aimed at creating a more integrated and cost-effective payment system by August 2026.

CBK, Treasury Propose New Rules for Crypto-Based Transfers

The Central Bank of Kenya and the National Treasury are proposing new laws that could allow stablecoins and tokenized assets in cross-border payments and remittances.

CBK licenses 29 digital lenders, raising regulated providers to 281

CBK seeks to oversee transfer of business between subsidiaries in a banking group