Tag: Patrick Njoroge

Virtual Pay plans to collaborate with all sector players in the market including banks, nonbank financial institutions, major card schemes, ...

The CBK on Thursday published a Discussion Paper on Central Bank Digital Currency inviting public input on modalities of possible ...

Data from the Central Bank of Kenya (CBK) shows top CEOs in Kenya are optimistic about business growth this year

Kenya's Inflation stood at 6.57% in August as the Central Bank of Kenya warned of risks arising from both domestic ...

China has been named the leading bilateral lender to Kenya by the Central Bank of Kenya (CBK) accounting for 67% ...

Forex exchange reserves dipped by over Kes. 11.3 billion after the Central Bank of Kenya (CBK) released more dollars into ...

Kenya expects to receive a loan of $750 million from the World Bank in the next two weeks to support ...

CBK’s foreign currency reserves remain adequate to provide 4.55 months of import cover and cushion the economy against short-term shocks ...

The CBK placed Chaterhouse bank limited under statutory management after it violated sections of the Banking Act relating to lending

The Central Bank of Kenya (CBK) on Tuesday announced the extension of the loan repayment measures put in place for ...

The Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) on Wednesday kept the benchmark rate unchanged at 7% in ...

FDI contributed 62,876 jobs in Uganda accounting for (18.2%) of total jobs created, while FDI into Tanzania created 46,765 jobs ...

Manufacturing sector recorded a 7.8% growth in loan uptake, transport and communications at 21.1%, real estate 7.6%, and consumer durables ...

CBK collaborated with commercial banks through the Kenya Bankers Association to establish the currency center.

However, according to CBK, the amount of loans acquired during this period has  increased steadily  with banks having restructured loans ...

The value of transaction has been tipped to rise on account of COVID-19 pandemic.

“NPL increases were noted in the real estate, personal, transport and communication sectors due to subdued business environment,” Dr. Njoroge ...

The Central Bank of Kenya in June revealed that the ratio of non-performing loans stood at 13.1 percent, the highest ...

CBK is using some of its reserves to help ease some of that pressure, which we think is partially seasonal

CBK said it saw a significant increase in the use of mobile money channels by individuals in both value and ...

That brings the total easing since November to 200 basis points, with the rate now the lowest since September 2011

Absa Bank Kenya will cease to transact as an authorized foreign exchange dealer in the Kenyan market from Thursday, April ...

In making this decision, the CBK Board also noted the ongoing critical efforts to stem the spread of the Coronavirus ...

Kenya's largest telecoms operator Safaricom said on Monday it will waive transaction costs on mobile money transfers under Kes 1,000 ...

For instance, in 2019, Kenya's petroleum product imports amounted to USD 3,310 million and the average price of our benchmark ...

In the past Viagra and other ED medications worked very well, but in the past couple of years, they have ...