Kenyan borrowers are now questioning how banks determine loan interest rates after the Central Bank of Kenya (CBK) imposed penalties on 33 commercial banks due to significant violations of banking regulations.The CBK noted that most issues identified during their inspections were related to the implementation of the Risk-Based Credit Pricing
Tag: Kenya finance
Mbadi Announces Six-Month Tax Amnesty for KRA Arrears
Treasury Cabinet Secretary John Mbadi has launched an exciting six-month tax amnesty for taxpayers with outstanding tax arrears. This initiative permits individuals to clear their principal tax without worrying about accumulated penalties and interest.In a recent interview with a local TV station on Wednesday, July 1, 2026, Mbadi elaborated on
CBK Weekly Report: Kenya’s Economy Stable as Inflation Holds at 4.6%
The Central Bank of Kenya (CBK) has emphasized a stable economic environment, showcasing significant developments in inflation, exchange rates, foreign exchange reserves, money market activities, government securities, and the equity market.The report, published on October 31, 2025, which covers the week ending October 30, 2025, offers a detailed analysis of