A steep rise in interest rates could see the cost of borrowing cross levels above 30 per cent, last witnessed a decade ago. The regulator earlier this month held the benchmark rate at 13 per cent.
The banking regulator, the Central Bank of Kenya (CBK), has proposed a significant increase in capital requirements for commercial banks.
CBK held the benchmark rate at 13 per cent, citing a reduction in money-driven inflation. Banks have cut lending to customers against an increase in loan defaults.
RightCard Payment Services Limited, trading as LemFi, is pleased to announce that it has received approval from the Central Bank of Kenya to operate remittances into Kenya.
The Central Bank of Kenya (CBK) has licensed 19 Digital Credit Providers (DCPs).
Survey mentions that retail prices of most key food items remained slightly high in Jan 2024 compared to Dec 2023.
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