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Central Bank of Kenya

European Investment Bank Partners Central Bank of Kenya for Climate Finance Initiative

The European Investment Bank and the Central Bank of Kenya launched a climate finance best practice initiative. Addressing barriers to green financing and promoting climate resilience in Kenya's financial systems. The European Investment Bank's two-year initiative, a first in East Africa...

Central Bank of Kenya Cracks Down on Flutterwave, Chipper

The Central Bank of Kenya (CBK) says that the fintech startup, Flutterwave, is not registered to operate in Kenya. CBK governor Patrick Njoroge said, according to Business Daily, that the company, as well as Chipper Cash, are not allowed to...

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...

M-PESA is Close to a 99% Market Share in Kenya

As of 31 March 2020, the number of registered mobile money subscriptions in Kenya was 29.1 million. This space is dominated by Safaricom with M-PESA having a 98.8% market share. The Communications Authority of Kenya (CA) reports that Airtel Money...

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...

Kenya’s traders link to PayPal’s 137-million strong database

Global e-commerce service PayPal has entered into a partnership with Equity Bank, thereby effectively linking up traders in Kenya with PayPal’s international customer base of more than 137-million active accounts in 193 markets. From Nairobi, a Capital FM report says...
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Latest News

ICIEC Welcomes New Officer-in-Charge

Dr. Khalid Khalafalla has been appointed Officer-in-Charge of the Islamic Corporation for the Insurance of Investment and Export Credit...
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