The central bank of Kenya, responsible for formulating monetary policy and regulating the banking sector.
Fintechs expanding between Kenya and Rwanda may soon need one licence
Kenya and Rwanda signed a memorandum of understanding to develop a licence passporting framework for payment service providers. The framework will allow fintechs licensed in one country to operate in the other without seeking new regulatory approval.
How M-Pesa’s new number masking feature could stop thousands of scams
The Central Bank of Kenya approved Safaricom's request to mask phone numbers during transactions. The decision marks a significant shift in digital privacy for M-Pesa users.
Kenyan SME lender 4G Capital says 92% of borrowers repay on time as bad loans rise
4G Capital reports a 92% on-time repayment rate among its customers. The Central Bank of Kenya reported a gross non-performing loan ratio of 15.5% in February.
Fintechs may finally get regulatory clarity as Kenya’s Central Bank reviews laws
The Central Bank of Kenya is preparing to review the Central Bank Act and the Banking Act. Consultants have been invited to assist in the review to strengthen digital banking and fintech regulations.
Valentine’s Day cash bouquets could land Kenyans in legal trouble, Central Bank warns
The CBK has observed an increase in the use of Kenya Shilling notes for cash flower bouquets and ornamental displays. Such practices are seen as damaging to the integrity of banknotes and violate Section 367 of Kenya’s Penal Code.
