Tag: CBK
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Agency banking fights off mobile banking in Kenya to transact US$9.8 billion
The business model started about five years ago has taken banking services to the doorsteps of Kenyans and gained traction among citizens, with many...
Kenyan banks squeezed by rising non-performing loan book
Although the value of the non-performing loans increased by 0.7 percent, the quality of assets held by the banks decreased from 2.7 percent in...
T-bill yields drop sharply as Kenya cuts domestic borrowing
The rates, which had risen to a three-year high of 23 percent as the Kenya government sought to stabilise a weakening shilling by mopping-up...
Kenya’s apex bank places Imperial Bank under receivership
The Central Bank of Kenya (CBK) on Tuesday placed Imperial Bank under receivership for a year for what it termed as "unsafe banking conditions"...
Kenya’s monthly mobile money use soars to US$2.4 billion
by Bedah Mengo
The East African nation's residents transacted 17.4 billion dollars through their mobile phones in the...
