Tag: cbk

Tracking Digital Lending Regulation as Proposed Framework Goes Through Public Scrutiny

The journey to regulating the digital mobile space by the VBK started a long time ago. Precisely, we can point out 2018 as the year...
MPESA Menu Safaricom

Safaricom Wants to Cap KES 1000 Free M-PESA Transfers to 5 Attempts But Loses Hearing

The Coronavirus pandemic has brought with it vast financial constraints for Kenyans and companies. To this end, the Central Bank of Kenya made a...

Central Bank of Kenya Extends Mobile Money Measures Enforced Due to COVID-19

The Central Bank of Kenya has today announced that they will extend the measures they put on mobile money transactions that they announced back...

Central Bank of Kenya Cracks Whip on Unregulated Digital Lenders By Denying Them CRB Access

Today, the Central Bank of Kenya has announced that they have terminated access to the credit reference bureaus (CRBs) to rogue mobile money lenders. "With...
central bank of kenya

CBK Asks Banks to Extend Repayment Period of Loans Up to a Year Following the COVID-19 Menace

The government of Kenya, among other key organizations in the state, has been at the forefront in shielding locals from the adverse effects of...

Central Bank of Kenya Allows Safaricom to Double MPESA Transaction Limits

Today, Safaricom has announced that they have waived MPESA fees for person to person transactions below Kshs 1000 due to the coronavirus pandemic. This was...

Central Bank of Kenya and National Treasury Working to Tame Predatory Lending Apps

Smartphone adoption and MPESA have created a new way for digital shylocks to lend people money. This has led to the ballooning of loan...

Digital Lenders to Cut Access to Loans to Customers with Multiple Online Credit Apps

The mobile lending space in Kenya has grown significantly. Every other month or week, a new mobile loan app finds its way into the...
New Currency Kenya

CBK and Kenya Bankers Association Issue Tougher Regulations for New Currency Exchange Exercise

Over the course of the week, several inputs and insights have been explored regarding the release of new local currency that should come in...

Kenya Banking Charter Proposes Tough Regulations for Online Lenders

The growth of online mobile lenders is unique to Kenya for one primary reasons: mobile money services. Mobile loan apps have made a killing...

Kenya Government and CBK Launch SME Loan Product with Five Banks

Access to credit services, especially from established and traditional financial organizations has been a challenge for a lot of informal or growing businesses. It...
Fuliza M-Pesa

Fuliza, Safaricom’s M-Pesa Loan Facility Goes Live After CBK Approval

At the beginning of the month, Safaricom announced Fuliza, an overdraft facility on M-Pesa that would give M-Pesa customers access to an overdraw on their account...
Mobile Lenders

CBK to Initiate Tougher Rules On a Mostly Unregulated Digital Lending Platform

A couple of days ago, I was having a chat with a friend about the number of online lenders that have come up after...
Bitcoin Kenya

The CBK Distances itself from Any Losses Incurred by Virtual Currency Investors

The last couple of months has seen the rise, and depending on who you ask, a marginal drop of digital currencies. This development is...

The Central Bank of Kenya (CBK) Issues Draft Guidance On Cyber Risks

The Central Bank of Kenya (CBK) has released a draft titled ‘Guidance Note on Cyber Risk’. The draft is issued under Section 33(4) of...
Michael Kimani Umati Blockchain

Opinion: Why Kenya Should Embrace Virtual Currencies

It is rather regrettable, that the man we have at the helm of Kenya’s Central Bank, is of the opinion that Kenyans, and broadly...

Safaricom: Here’s Why We Sent SMS Broadcast from Deposit Protection Fund Board

Safaricom customers were the receivers of DPFB SMS's recently. The DPFB is an organization under the Central Bank of Kenya. Points clarifying the SMS...