Tagged in: Central Bank of Kenya (CBK)

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Is fintech in Kenya too successful?

Kenya’s fintech revolution has helped the country achieve near total financial inclusion, but are consumers really benefiting and are they adequately protected?

Kenya’s banks feel the pressure

Kenya’s finance minister, Henry Rotich, surprised the country’s banking industry in June 2018 when he announced as part of his budget that the government intended to scrap the interest rate caps imposed 22 months before.…

Mauritius bank acquires Kenya’s Chase Bank

In January, Kenya Commercial Bank (KCB) Group, East Africa’s biggest bank by assets and coverage, handed over Chase Bank to the regulator for onward transmission to its new owners, the State Bank of Mauritius (SBM).

Kenya’s economy shows resilience

Confidence has been returning to Kenyan markets, with foreign investors taking the lead since the inauguration of Uhuru Kenyatta as president for a disputed second five-year term in November.…

Kenya: Is the interest rate cap coming off?

It is now a year since an amendment to the Kenyan Banking Act of 2016 capping interest rates on loans at 4% above the Central Bank rate – which stands at 10% – came into force.…

How the Kenyan banks went under

Abdulmalek Janmohamed, the group managing director of Imperial Bank, died of a heart attack in September 2015.…