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CBK

Central Bank of Kenya Orders Banks to Ration Dollar Currency

The Central Bank of Kenya (CBK) has reportedly ordered commercial banks to ration dollars after a shortage in the US currency. Banks have already started imposing these rations. A number of currency traders and importers say they have imposed a...

Eazzy Banking App Grows 222% as Digital Banking Explodes in Kenya

The Central Bank of Kenya (CBK)'s Bank Supervision Annual Report 2020 noted that there was a notably high adoption of digital financial services by consumers during the beginning months of the pandemic in the country. This is believed in part...

Safaricom Forced to Split Dividend Payouts by CBK

The Central Bank of Kenya (CBK) has pressured Safaricom into dividing its dividend payouts in order to "shield the weakening shilling when the telecommunications firm seeks dollars for repatriation to foreign investors", reports Business Daily. Kenya's local currency has faced...

Central Bank of Kenya Lengthens its COVID-19 Emergency Mobile Money Measures

The Central Bank of Kenya announced that it will extend the measures placed on mobile money transactions put forth back in March. Charges for mobile money transactions of up to KES1000 ($9,39) and the withdrawal of money between bank accounts...
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IEC Warns of Imposter Posing as its CEO on WhatsApp

With just 7 days remaining before the South African provincial and national elections, the countdown sparks intensified door-to-door campaigns...
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