Why Kenyans are using mobile money more but sending less
Mobile money transaction value in Kenya fell by 19.6% from KES 790.8 billion to KES 636.2 billion over the past year. Active mobile money agents increased from 320,182 to 394,853 during the same period.
Access Bank sets 2025 finish line for $100M acquisition of KCB unit
Access Bank will finalize its acquisition of the National Bank of Kenya by the end of Q3 2025. The acquisition is valued at approximately $100 million, enhancing Access Bank's foothold in Kenya.
Kenya to scrap risk-based loan pricing in push for lower interest rates
CBK proposes to scrap the risk-based credit pricing model. Lending rates will now be pegged to the Central Bank Rate (CBR).
Kenya to End 9-Year Ban on New Commercial Bank Licenses in July 2025
The Central Bank of Kenya announced the lifting of a nine-year moratorium on new commercial bank licenses, effective July 1, 2025. The moratorium was initially imposed to address systemic issues in the banking sector, including governance and operational inefficiencies.
Kenya’s Central Bank and Treasury approve Access Bank’s acquisition of struggling NBK
The Central Bank of Kenya and National Treasury approved Access Bank's acquisition of National Bank of Kenya. The acquisition is subject to approval from Nigerian authorities.
