The central bank of Kenya, responsible for formulating monetary policy and regulating the banking sector.
Moniepoint gets approval to acquire 78% stake in Kenya’s Sumac after KopoKopo setback
Moniepoint has received approval from the Competition Authority of Kenya to acquire a 78% stake in Sumac Microfinance Bank. The acquisition will allow Moniepoint to enter Kenya's regulated banking sector.
Kenya proposes ban on cashless-only payments below $775 under new bill
Kenya may soon outlaw cashless-only transactions for everyday purchases under a proposed law. The Central Bank of Kenya (Amendment) Bill, 2025, is sponsored by MP Caroli Omondi.
Why Kenyans are using mobile money more but sending less
Mobile money transaction value in Kenya fell by 19.6% from KES 790.8 billion to KES 636.2 billion over the past year. Active mobile money agents increased from 320,182 to 394,853 during the same period.
Access Bank sets 2025 finish line for $100M acquisition of KCB unit
Access Bank will finalize its acquisition of the National Bank of Kenya by the end of Q3 2025. The acquisition is valued at approximately $100 million, enhancing Access Bank's foothold in Kenya.
Kenya to scrap risk-based loan pricing in push for lower interest rates
CBK proposes to scrap the risk-based credit pricing model. Lending rates will now be pegged to the Central Bank Rate (CBR).
