Latest banking stories from across Kenya.
Investors submitted KSh 49.8 billion in bids for the Central Bank of Kenya’s (CBK) 91-day Treasury bill, more than six times the KSh 8 billion the government had offered in its latest auction. Results released by CBK on October 15 show…
Kenya’s foreign exchange reserves declined by approximately KSh25.2 billion in one week, as the Kenyan shilling traded at KSh129.94 against the US dollar. The country’s foreign exchange reserves fell from USD 14,930 million to USD 14,736…
The Central Bank of Kenya (CBK) has published the average lending and deposit interest rates for all commercial banks across the country for August 2026. In data released on September 30, CBK stated that the overall average lending rate…
The Kenya Bankers Association (KBA) has warned that proposed capital and liquidity requirements could slow lending to customers, particularly small businesses, as banks work to meet the Ksh10 billion minimum core capital requirement.…
For many Kenyan businesses, managing money goes beyond sending and receiving payments. Business owners and authorized users handle payroll, supplier payments, utility and tax bills, inter-account transfers, loan repayments, collections,…
The volume of mobile money transactions in Kenya dropped by 30 percent in 2025, even as the number of mobile subscriptions, accounts, and agents continued to increase, according to the Central Bank of Kenya (CBK). The CBK Bank Supervision…
Kenyans abroad sent home USD451.8 million (about Ksh58.5 billion) in August 2026, up 6 percent from USD426.1 million in August 2025, according to the latest Central Bank of Kenya (CBK) report. In its weekly bulletin released on September…
Bank of Baroda (Kenya) Limited has denied reports that it is closing its operations in the country, terming the claims false and misleading. In a statement on September 18, the bank said it continues to operate normally in Kenya and…
The Central Bank of Kenya (CBK) has proposed rules that could allow it to limit the expansion of banks that are considered important to the country’s financial system. The proposal is contained in the draft framework for the…
Kenyan banks have increasingly adopted biometric authentication, allowing customers to access mobile banking services using fingerprints instead of repeatedly entering passwords or PINs. Equity Bank, KCB Bank and Standard Chartered Bank…
The Central Bank of Kenya (CBK) has published the average lending and deposit interest rates for all commercial banks across the country for July 2026. In data released by CBK on September 2, Kenyan commercial banks reported widely varying…
For decades, Kenyan banks competed on branch networks, lending products, interest rates and the strength of their customer service. However, things are a bit different today as customer loyalty is no longer shaped by customer service and…
Britam Holdings Plc has reported a 52 percent increase in profit before tax to KSh3.8 billion for the six months ended June 30, 2026, driven by growth in insurance revenue. Britam Group Managing Director and CEO Tom Gitogo said on August…
Citibank Kenya has announced plans to end physical operations at its Mombasa branch from November 30, 2026, as the bank consolidates its corporate banking services at its Nairobi headquarters. In a notice seen on August 26, Citibank Kenya…
Kenyan families spend years building wealth through businesses, property, savings, and investments, but few have a clear plan to protect those assets and pass them on to their children. As a result, many households are seeking structured…
Flowt, a Nairobi-based financial technology startup has raised pre-seed funding to expand access to working capital for Africa’s climate-focused small businesses. Founded by Elana Laichena, Flowt raised the pre-seed round from Delta40 Fund…
KCB Group Plc is expanding its digital banking offering with cheaper PesaLink transfers and online bid bonds as the East African lender accelerates its push to move more financial services onto digital channels. The bank introduced a flat…
Central Bank of Kenya (CBK) Governor Kamau Thugge has defended the proposed Banking Fees Regulations, 2026, stating that the changes are necessary to modernize an outdated fee structure and strengthen the regulator’s oversight of the…
Kenya’s banking sector has seen a wave of boardroom changes in 2026, with several lenders reshuffling their leadership. The appointments, reappointments, and resignations span some of the country’s largest lenders, including Equity Bank,…
KCB Group has retained its position as East Africa’s leading bank by capital strength after climbing 23 places to rank 549th globally in The Banker’s Top 1,000 World Banks 2026 rankings. The latest rankings placed KCB 15th in Africa with…
Banks (Kshs 6.8 trillion in September 2025), like the government (Kshs 4.2 trillion in the FY 2025/26 budget) and the economy (GDP of Kshs 17.5 Trillion in 2025), allocate scarce resources across the various sectors of the economy, as…
Britam Group awarded more than KSh60 million in procurement opportunities to businesses owned by women and youth as part of its efforts to promote economic inclusion and support vulnerable groups. According to Britam’s 2025 Sustainability…
The Kenya Commercial Bank (KCB) Group Board of Directors includes only three women, who serve alongside six men at the organization’s highest level of governance. The trio comprises Anuja Pandit and Agnes Njeri, who serve as board…
Families are set to benefit from structured funeral financial support under Britam’s Heshima Farewell Plan, a micro-insurance product designed to cover burial and related expenses arising from natural or accidental death. Launched in…
