The top 10 banks in Kenya are controlling more than three-quarters of the market, according to the Central Bank of Kenya’s Bank Supervision Annual Report 2024. The CBK data for December 2024 shows ...

The Global Code is maintained by the Global Foreign Exchange Committee (GFXC) as a set of guidelines to ensure an efficient ...

Commercial banks in Kenya are holding back on offering lower interest rates to customers, following delays in implementing a risk-based pricing model that lets them charge higher rates for riskier ...

Kenya's 38 licensed commercial banks displayed varying average lending and deposit interest rates after the Central Bank of Kenya's successive rate cuts.

NAIROBI (Reuters) - Kenya's chief prosecutor on Thursday fined five banks a total of 385 million shillings ($3.75 million) for not reporting suspicious transactions under anti-money laundering laws, ...

NAIROBI (Reuters) -Kenya's central bank has lowered its 2026 economic growth forecast to 5.4% from a 5.6% forecast given in April, its governor Kamau Thugge said on Wednesday. On Tuesday the Central ...

Artificial intelligence (AI)-driven transaction analysis can explain a striking 82.7 per cent of Kenyan commercial banks’ financial performance, a new study has found, underscoring the powerful link ...

Major lenders in Kenya, including Equity, Kenya Commercial Bank (KCB), NCBA, Co-operative Bank and Stanbic, are stepping up recoveries through the courts and appointing receivers or auctioneers to ...

Kenyan banks lack the expertise and assessment tools to close the $5 billion financing shortfall for projects that combat nature loss, according to a new industry study. East Africa’s biggest economy, ...