The central bank of Kenya, responsible for formulating monetary policy and regulating the banking sector.
Kenya’s competition regulator clears Zenith Bank’s Paramount acquisition
The Competition Authority of Kenya approved Zenith Bank's acquisition of Paramount Bank, clearing a regulatory hurdle. Zenith Bank must retain all 78 employees of Paramount Bank for at least 12 months post-acquisition.
Kenya enforces new law to bring crypto firms under Central Bank’s watch
Kenya has introduced the Virtual Asset Service Providers Act 2025, marking the first formal regulation of its crypto sector. The Act grants the Central Bank of Kenya and the Capital Markets Authority the authority to license and supervise digital asset companies.
Zenith confirms Kenyan expansion, says acquisition awaiting regulatory approval
Zenith Bank confirms its entry into Kenya is pending final regulatory approvals. The bank is in advanced talks to acquire Paramount Bank Ltd, a mid-tier lender.
KCB Bank Group to acquire stake in Pesapal
KCB Bank Group will acquire a minority stake in Pesapal, enhancing its fintech portfolio. This acquisition follows KCB's $15.4 million investment in Riverbank Solutions earlier in 2025.
Kenya Passes Landmark Crypto Law
Kenya's Parliament passed the Virtual Asset Service Providers Bill, 2025. The bill creates a multi-agency oversight system under the Central Bank of Kenya and the Capital Markets Authority.
