The Central Bank of Kenya (CBK) has reduced its key interest rate, the Central Bank Rate (CBR), by 0.25 percentage points, setting it at 9.00 percent, down from 9.25 percent. This adjustment signals ongoing confidence in Kenya's economic stability, supported by a firm national currency and positive projections for
Tag: CBK
CBK Eyes Mobile Money Fees in Push for Affordable Digital Finance
The Central Bank of Kenya (CBK) has announced plans to cap the charges on person-to-person mobile money transfers. The decision is likely to shake-up the business model of dominant players like Safaricom’s M-Pesa and Airtel's Airtel Money.At the heart of the move is a concern that Kenyans still use
