Big News: CBK Opens Doors for Small Investors!
The Central Bank of Kenya plans to launch a mobile-friendly bond system to simplify investment in government securities for small investors and boost Treasury funding.
CBK Lifts 10-Year Ban on New Bank Licenses, Sets Sh10 Billion Capital Requirement
MPs Call Treasury PS Chris Kiptoo to Account for E-Citizen Funds
MPs summoned Treasury Principal Secretary Chris Kiptoo over E-Citizen funds not reaching Treasury accounts at the Central Bank of Kenya, criticizing the Treasury’s disregard for Auditor General’s recommendations.
Read MoreCentral Bank of Kenya Lifts 10-Year Ban on New Bank Licenses with Sh10 Billion Capital Requirement
The Central Bank of Kenya ended a 10-year moratorium on licensing new commercial banks, requiring new entrants to meet a Sh10 billion core capital threshold, up from Sh1 billion, to foster competition, innovation, and financial stability in Kenya’s banking sector.
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