Business
Absa Bank Kenya barred from forex trade until Wednesday 15 2020
The Central Bank of Kenya has been forced to take regulatory action against Absa Bank Kenya for what it terms “failure to provide information about..
Tag: CBK
Business
Why CBK is shopping 400 million dollars from the local banks
The Central bank of Kenya (CBK) has announced its plans to buy US dollars ($) from the commercial banks in efforts to increase its foreign..
Business
Money Laundering, Low Exchange Transactions & Early Withdrawal Dates Stain Demonetisation
From huge donations by politicians and businessmen in churches and schools, the emergence of many construction projects, payments in huge cash bundles to destroying property..
Business
CBK and other Monetary Authorities In Africa Are Sitting On A ‘Time Bomb’ Called CryptoCurrency
The mention of the name cryptocurrency is often met with slight sneers may be the impression that it is just a fantasy and a bubble..
Business
KCB Appoints New National Bank of Kenya Boss After Full Take Over
Kenya Commercial Bank (KCB) has taken control of the National Bank of Kenya after a nod by Kenya’s monetary authority, the Central Bank of Kenya…
Business
CBK & KDIC To Pursue Outstanding Loan Balances In Imperial Receivership Recovery
In December last year, the Central Bank of Kenya and Kenya Deposit Insurance Corporation announced the release of funds increasing a total recovery to approximately..
Business
Kenyan Regulators To Shut Down Black Market Forex Traders
Participation in online ForEx deals is rapidly exposing the economy to money laundering and currency volatility- Central Bank of Kenya (CBK) has warned. Kenyans are..
General
CBK is depleting foreign currency reserves to stabilize the shilling
Kenya’s foreign currency reserves has declined from shs 694 billion reported last week to shs 688 billion this week. The reserves depletes when CBK sells the foreign..