CEO Raimond Molenje welcomed the move by lenders to reduce loan fees, explaining that it's part of the commitment to economic ...

This week, the Kenyan shilling remained stable against the US dollar amid steady market demand. However, Kenya’s forex ...

The Central Bank of Kenya CBK on Wednesday reduced its benchmark lending rate to 1075 percent from 1125 percent to boost economic growth The perf ...

In a public notice issued Monday, the bank announced a substantial two per cent cut in its base lending rate from 16.5 per ...

Co-op Bank of Kenya became the first lender to adhere to the CBK directive, cutting its loan interest by 2% to enhance access ...

Declining interest rates have raised hopes for improved access to credit, though challenges in securing affordable financing ...

Kenya’s central bank governor said on Thursday that bank officials did not see much effect on the exchange rate from U.S. President Donald Trump’s foreign aid freeze. In late January, Trump placed a ...

ISINYA, Kenya (AP) — The red rose: a token of love for many, and for Kenya, a major economic sector. More than a third of ...

KCB Bank Kenya has become the second large lender to publicly disclose a reduction in its base interest rate following the recent cuts in the benchmark rate by the Central Bank of Kenya (CBK).

On Thursday, the Central Bank of Kenya conveyed confidence in the stability of the country's foreign exchange rate despite the recent freeze on foreign aid by U.S. President Donald Trump. The central ...

On Thursday, the Central Bank of Kenya conveyed confidence in the stability of the country's foreign exchange rate despite the recent freeze on foreign aid by U.S. President Donald Trump.

There is no denying that the recent decisions by the Central Bank of Kenya, particularly the lowering of interest rates, have sent ripples across the financial sector. The decision to cut the main ...