14 h. ago Kenya's central bank lowers main lending rate by 25 basis points

Kenya's central bank lowers main lending rate by 25 basis points  Reuters

Politics

14 h. ago Kenya's central bank cuts key rate again to spur bank lending

Kenya's central bank cuts key rate again to spur bank lending  TradingView

Politics

9 d. ago KESONIA Explained: How Kenya’s New Loan Benchmark Affects Your Borrowing

The Kenyan banking sector is about to face a major change as the Central Bank of Kenya shifts all variable-rate new loans to a single reference rate called the Kenya Shilling Overnight Interbank Average, alias KESONIA. The move, aimed at modernizing the country’s benchmark interest rate framework, promises more transparency, fairness, and predictability in lending. Effective September 1, 2025, CBK introduced the revised Risk-Based Credit Pricing Model, providing that all new variable-rate loans should be priced based on KESONIA. However, many banks negotiated a 3-month grace period to update their systems and obtain board approvals for full implementation of the The post KESONIA Explained: How Kenya’s New Loan Benchmark Affects Your Borrowing appeared first on Nairobi Wire.

Politics

1 week ago Governor Thugge: Kenya Must Slow Debt Growth, Diversify Investors to Protect Economy

Kenya’s soaring domestic and external debt is putting increasing pressure on the economy, Central Bank of Kenya Governor Kamau Thugge said, as repayment performance shows signs of strain. Thugge, who spoke before the Public Debt and Privatisation Committee of the National Assembly on Tuesday, admitted that though the country was still meeting its debt obligations, the increasing repayment burden had narrowed down fiscal space. The situation raises concerns over potential debt distress, increasing the possibility of default. Thugge reported that total public debt for the 2024/25 financial year stands at Sh11.8 trillion, equivalent to 69 percent of GDP, surpassing the The post Governor Thugge: Kenya Must Slow Debt Growth, Diversify Investors to Protect Economy appeared first on Nairobi Wire.

Economics

2 w. ago During the Central Bank of Kenya’s AI Hackathon, the VeriFi team showcased an AI decision

During the Central Bank of Kenya’s AI Hackathon, the VeriFi team showcased an AI decision-support platform for banks, analysts, compliance teams, and regulators—combining real-time, data-backed credit and risk recommendations with an ethical, transpare  LinkedIn

Sport

2 w. ago Central Bank of Kenya advertises tender for supply of currency coins

Central Bank of Kenya advertises tender for supply of currency coins  MSN

Politics

2 w. ago Kenya enforces new law to bring crypto firms under Central Bank’s watch

Kenya enforces new law to bring crypto firms under Central Bank’s watch  Condia

Sport

3 w. ago REGULATION | ‘We Have Not Licensed Any VASPs Under the VASP Act to Operate In or From Kenya,’ Says Central Bank and Capital Markets Regulator

REGULATION | ‘We Have Not Licensed Any VASPs Under the VASP Act to Operate In or From Kenya,’ Says Central Bank and Capital Markets Regulator  BitKE

Politics