Court bars CBK's migration of banks to foreign payment firm

Slightly over a year since the country recorded its first case of the deadly virus, Kenyan banks appear to be on steroids.

Kenyans withdrew Sh34.2 billion from their dollar accounts in two months as confidence in the local currency went up.

CBK has since discontinued the restructuring to allow banks to blacklist defaulters, now that the economy has started to recover.

The Central Bank of Kenya (CBK) recently revealed that more than 100 lenders in Kenya have lent over Sh4 billion while doing business in a regulatory.

Governor Njoroge points the finger at unregulated digital lenders for burdening borrowers with costly loans.

CMA Acting Director Marketing Operations Abubakar Hassan admitted regulatory gaps in the law that might have led to loss of investors’ billions.

CBK Governor Patrick Njoroge reaffirmed his confidence in the new currency, which he said is “technically superior” to the old ones.

BCCI's collapse revealed a web of transnational corruption and a playground for dictators, drug lords and terrorists.

In the second Budget reading since the onset of the pandemic, the Treasury has heavily invested in rescuing the small and medium enterprises.

With 13 months to the end of his presidency, President Kenyatta will be counting on Yatani to provide a sound strategy on battling against Covid-19.

The Treasury is once again preparing to table changes to the Public Finance Management Law for another round of approvals by legislators.

CBK data shows that about 204,802 MSMEs failed to service their loans for more than three months, weighed down by Covid-19 containment measures.