The central bank of Kenya, responsible for formulating monetary policy and regulating the banking sector.
Family Bank Puts a Strategic Investor on Its Post-Listing Agenda
Family Bank debuted on the Nairobi Securities Exchange with 1.662 billion shares at a reference price of Sh18 each. The bank aims to reduce ownership concentration and broaden its shareholder base by onboarding a strategic investor.
CBK, Clearstream Launch Market Link to Open Kenyan Bonds to Global Investors
The launch of the Clearstream-Kenya Link is expected to simplify access for international investors to Kenyan government securities. Clearstream connects directly to DhowCSD, allowing institutional investors to access bonds and treasury bills without local market navigation.
Kenya’s Central Bank is hiring for crypto compliance roles as landmark regulation nears
The CBK is hiring for four positions within its Digital Payment Services Division focused on VASPs. The roles include a manager-level position for licensing, two deputy manager roles for compliance and product approval, and a senior business analyst.
Commercial Bank in East Africa to integrate USDA Payments
Diaspora remittances in Kenya hit a record $5 billion in 2024, becoming a leading source of foreign exchange. The World Bank estimates the global average remittance cost at 6.45%, with Sub-Saharan Africa reaching nearly 8%.
Moniepoint Enters Kenya After Acquisition of Sumac Microfinance Bank
Moniepoint completed its acquisition of Sumac Microfinance Bank, securing a 78% majority stake. The acquisition was approved by the Central Bank of Kenya and the Competition Authority of Kenya.
