CBK hold benchmark rate at 8.75% for the third time in a row providing relief to borrowers with credit facilities from banks that are charged a variable interest rate.
Since taking over in 2023, the Kenya Kwanza administration has remained steadfast in its quest to place agriculture at the centre of its Bottom Up Economic Transformation Agenda, through the value chains approach and the Cooperative Societies model.
CBK in April 2024, released the draft Kenya Green Finance Taxonomy for public participation that will serve as a tool to classify whether particular economic activities are 'green' or environmentally sustainable and serve as a guide for banking sector and other market players.
the CBK has taken over the licensing and oversight of Digital Credit Providers to address inherent challenges including high cost of credit, unethical debt collection, inadequate disclosure and lack of transparency, breach of data privacy, and abuse of personal information.
National Treasury has been aggressive to position the banking sector to effectively play its role in Kenya's socio- economic transformation. Several key reforms have been implemented so far, to achieve these objectives.
Budget 2024/25 proposes tough reforms for Kenya’s Banking Sector
The Central Bank of Kenya(CBK) intends to progressively increase the minimum core capital for banks from the current KSh 1.0 billion to KSh 10.0 billion.
@KenyaPower_Care Hallo KPLC team, i need to pay my power bill for March 2024 and would like to get the price of one token. i am available on 0726098643
@KenyaPower please assist us, we have been without power in Muthetheni, Mwala in Machakos County for the past 8 days without any help from your technical team. i am a resident here on 0726098643
@AnalystConflict @NationMediaGrp@jageyo The most difficult task will be how to transform the outfit into a downsized, efficient and new age digital media house
BasiGo launches new 36-seat electric buses, the E9 Kubwa.
Fully assembled in Kenya, designed for Nairobi.
Range of 400 KM on a single charge, recharged in 2 hours.
BasiGo offers E9 Kubwa for Sh7.5 million via Pay-As-You-Drive.
@kenyanwalstreet financial inclusion has deepened over the past few years and is likely to hit new heights as hustlers graduate into a bankable lot through the hustler fund, perhaps it is time for the state to begin providing financial literacy training programs to these low-income borrowers