<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Central Bank of Kenya has retained the benchmark policy rate at 7 per cent for the tenth consecutive time to support the recovery of an economy battered by the Covid-19 pandemic and surging inflationary pressures. Churchill Ogutu, Head of Research at Genghis Capital, joins  CNBC Africa for more.</p>


Kenya’s Central Bank retains repo rate at 7%

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Kenya&#8217;s Central Bank held its main lending rate at 7 per cent, saying inflation was expected to remain within the target range. CNBC Africa spoke to Churchill Ogutu, Head of Research at Genghis Capital for more.</p>


Kenya’s Central Bank maintains key repo rate at 7%

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Five years after Chase Bank went into receivership, the Central Bank of Kenya has finally given a green light for the bank to be liquidated. The decision followed a recommendation from Chase Bank’s receiver-manager, the Kenya Deposit Insurance Corporation (KDIC) to liquidate the lender. For this and an analysis of Kenya&#8217;s market performance, CNBC Africa spoke with Solomon Kariuki, Investment Analyst at Cytonn.</p>


CBK approves Chase Bank liquidation

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>According to the Central Bank of Kenya, the country&#8217;s economy is expected to rebound strongly in 2021, supported by recovery in some key sectors. Deputy Governor of the Central Bank of Kenya, Sheila M&#8217;mbijjewe, joins CNBC Africa for more.</p>


Dep CBK Gov outlines key sectors to drive Kenya’s recovery in 2021

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Central Bank of Kenya is working on a 5-year payments system strategy which aims to build a strong and secure payments system in the country. To understand its implications on digital payments and the financial sector in general, CNBC Africa spoke to Ken Gichinga, Chief Economist at Mentoria Economics.</p>


Unpacking Kenya’s new open banking strategy

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>According to a report by GSMA, in 2019, 50 million sub-Saharan Africans created a mobile-money account via a mobile phone, representing a 12 per cent increase compared to 2018. Moreover, data from the Central Bank of Kenya indicates more than 6.5 million Kenyans registered new mobile money accounts in the 11 months through November 2020 bring the total number of mobile money accounts to 65.766 million.  Economic Analyst, Reginald Kadzutu joins CNBC Africa for more.</p>


How East Africa can build financial resilience through mobile money

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6187427465001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>In Kenya, the Central Bank is inviting investors to bid for the 15-year and 20-year treasury bonds worth $461.5 million, with proceeds to be used by National Treasury to finance the national budget. Moreover, diaspora remittance remained strong to hit $277 million in July which was a marginal decline from the $288.5 million recorded in June 2020.  David Gitau, Invetment Analyst at Cytonn joins CNBC Africa for more.</p>


Kenya’s Central Bank floats bond for budgetary support


<p>NAIROBI (Reuters) &#8211; Kenya’s central bank governor Patrick Njoroge on Thursday said that underlying economic numbers pointed to strong growth this year.</p>



<p>“All these point to strong growth in 2020 despite COVID,” Njoroge told an online news conference, citing higher production of tea, maize and cement.</p>


Macro Fifty Dollar Bill Currency Close Up Kenya

Kenya’s underlying economic numbers point to strong growth -central banker

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6174764483001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Since the outbreak of the COVID-19 pandemic in Kenya, the Central Bank of Kenya has put in place a raft of measures to prevent the health crisis from becoming a severe economic and financial crisis. But just how is the Kenyan economy responding to these measures? CNBC Africa spoke to Sheila M&#8217;Mbijjewe, Deputy Governor of the Central Bank of Kenya for more.</p>


Sheila M’Mbijjewe on what the CBK is doing to cushion Kenyan economy from COVID-19 shocks

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6168038532001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>In what feels like a race against time, Kenya parliament&#8217;s budgets appropriations committee approved the third supplementary budget on Friday for the financial year ending tomorrow, why so late and what are the implications of the latest changes? Churchill Ogutu, Head of Research at Genghis Capital joins CNBC Africa for more.</p>


<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6154926352001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>In Kenya, the banking sector continues to dominate activity at the Nairobi Securities Exchange with shares worth Ksh775 million transacted, which accounted for 48.27 per cent of the traded value in the week that ended on 30th April 2020. Moreover, the Central Bank of Kenya announced the insurance of a 5-year Ksh50 billion bond for budgetary support in May with the auction date set for Wednesday 6th of May. The market-determined bond will mature in May 2025 with CBK encouraging investors to use treasury mobile direct or internet banking to purchase the bond. Joining CNBC Africa for more is Rodney Omukhulu, Assistant Investments Analyst at Cytonn.</p>


Central Bank of Kenya issues a 5-year Ksh50bn bond for budgetary support

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6146520382001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Central Bank of Kenya has taken several measures to ease the effects of the COVID-19 pandemic on the economy, but are those measures enough? Journalist, Joseph Bonyo joins CNBC Africa for more.</p>


Can the Kenyan economy survive COVID-19?

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6142861282001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Central Bank of Kenya (CBK) agreed with the banks to waive mobile money transfer charges starting Monday night until June 30 in the push for cashless payments aimed at curbing the spread of the coronavirus. Also, the US Trade Department has started negotiations on comprehensive trade agreement with Kenya in a move that will extend country’s preferential access after the current deal ends in 2025. Maryanne Ng’ang’a, Investment Analyst at Cytonn joins CNBC Africa for more.</p>


COVID-19: Central Bank of Kenya directs banks to quarantine cash

<div style="max-width: 700px;">
  <video-js
    data-account="1571595826001"
    data-player="default"
    data-video-id="6128309069001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script
  src="//players.brightcove.net/1571595826001/default_default/index.min.js">
</script><br />
Central Bank of Kenya’s Monetary Policy Committee (MPC) has lowered the Central Bank Rate from 8.50 to 8.25 two months later after it was reduced from 9.0 per cent. Moreover, SBM Bank Kenya Limited has filed a petition to liquidate East African Cables after the company defaulted on a $2.82 million loan. Rodney Omukhulu, Assistant Investments Analyst at Cytonn joins CNBC Africa for more.</p>


Kenya’s central bank cuts lending rate to spur growth

<div style="max-width: 700px;"><video-js data-account="1571595826001" data-player="default" data-embed="default" controls="" data-video-id="6091768546001" data-playlist-id="" data-application-id="" class="vjs-fluid"></video-js></div>
<p><script src="https://players.brightcove.net/1571595826001/default_default/index.min.js"></script></p>
<p>About Ksh7.3 billion shillings worth USD$71.5 million were not returned during the demonetization of the 1,000 shilling old notes, according to an official from the Central Bank of Kenya (CBK). Patrick Njoroge, Governor of the Central Bank of Kenya, told journalists in Nairobi that the four-month phase-out of 1,000 shilling notes proceeded well and achieved its overall objective of removing money obtained from illegal activity from the economy. From Nairobi, Journalist, Joseph Bonyo joins CNBC Africa for more.</p>


What impact will demonetization of 1,000 shilling notes have on Kenya’s economy?


<p>NAIROBI (Reuters) &#8211; Kenya’s central bank on Monday approved KCB Group’s acquisition of National Bank of Kenya.</p>



<p>KCB is Kenya’s biggest lender by assets. Lenders in the East African nation have turned to consolidation to boost profit growth after the government capped commercial interest rates in 2016, crimping their margins.</p>



<p>NBK was founded by the government in 1968 but is now listed on the Nairobi Stock Exchange.</p>



<p>Reporting by George Obulutsa; Writing by Maggie Fick; Editing by Katharine Houreld</p>


Kenya’s central bank has approved KCB Group’s acquisition of NBK

<div style="display: block; position: relative; max-width: 730px;">
<div style="padding-top: 56.25%;"><iframe style="width: 100%; height: 100%; position: absolute; top: 0px; bottom: 0px; right: 0px; left: 0px;" src="//players.brightcove.net/1571595826001/default_default/index.html?videoId=5815577698001" allowfullscreen="" border=0 frameborder=0></iframe></div>
</div>
<p>The Kenya Monetary Policy Committee is slated to meet on July 30, 2018, to review the outcome of its policy decisions and recent economic developments. The Central Bank of Kenya had earlier in March 2018 fixed the benchmark rate at 9.5 per cent from 10 per cent. Joining CNBC Africa to speak more on this is Dumi Jere, CEO, AfricaCatalysts.</p>


Central Bank of Kenya

Kenya’s Central Bank retains repo rate at 7%

Kenya’s Central Bank maintains key repo rate at 7%

CBK approves Chase Bank liquidation

Dep CBK Gov outlines key sectors to drive Kenya’s recovery in 2021

Unpacking Kenya’s new open banking strategy

How East Africa can build financial resilience through mobile money

Kenya’s Central Bank floats bond for budgetary support

Kenya’s underlying economic numbers point to strong growth -central banker

Sheila M’Mbijjewe on what the CBK is doing to cushion Kenyan economy from COVID-19 shocks

Kenya’s Central Bank maintains key repo rate at 7%

Central Bank of Kenya issues a 5-year Ksh50bn bond for budgetary support

Can the Kenyan economy survive COVID-19?

COVID-19: Central Bank of Kenya directs banks to quarantine cash

Kenya’s central bank cuts lending rate to spur growth

What impact will demonetization of 1,000 shilling notes have on Kenya’s economy?

Kenya’s central bank has approved KCB Group’s acquisition of NBK

What to expect from the Kenyan MPC

News Tips

Advertise With Us

Central Bank of Kenya

Kenya’s Central Bank retains repo rate at 7%

Kenya’s Central Bank maintains key repo rate at 7%

CBK approves Chase Bank liquidation

Dep CBK Gov outlines key sectors to drive Kenya’s recovery in 2021

Unpacking Kenya’s new open banking strategy

How East Africa can build financial resilience through mobile money

Kenya’s Central Bank floats bond for budgetary support

Kenya’s underlying economic numbers point to strong growth -central banker

Sheila M’Mbijjewe on what the CBK is doing to cushion Kenyan economy from COVID-19 shocks

Kenya’s Central Bank maintains key repo rate at 7%

Central Bank of Kenya issues a 5-year Ksh50bn bond for budgetary support

Can the Kenyan economy survive COVID-19?

COVID-19: Central Bank of Kenya directs banks to quarantine cash

Kenya’s central bank cuts lending rate to spur growth

What impact will demonetization of 1,000 shilling notes have on Kenya’s economy?

Kenya’s central bank has approved KCB Group’s acquisition of NBK

What to expect from the Kenyan MPC

News Tips

Advertise With Us

Newsletters