The central bank of Kenya, responsible for formulating monetary policy and regulating the banking sector.
Why Kenyan remittance startup Bonto is shutting down after two years
Bonto Kenya ceased processing transactions on August 15 and requested the revocation of its license from the Central Bank of Kenya. The Central Bank of Kenya confirmed the revocation of Bonto's license, highlighting regulatory challenges for fintechs in the country.
Kenya’s Bonto shuts down six months after getting its CBK licence
Bonto Kenya ceased operations on August 15 and requested the revocation of its license from the Central Bank of Kenya. The company received its Money Remittance Provider license in early 2025, aiming to enter a $5.7 billion market.
PayU Kenya Enters Liquidation After Struggling to Gain Traction in Competitive Fintech Market
PayU Kenya Ltd. has entered liquidation after six years of operation. The company appointed Sonal Tejpal as the liquidator to wind up its operations.
Tanzania’s NALA enters Kenya with Equity Bank, Pesalink partnership
NALA has expanded into Kenya through a partnership with Equity Bank and Pesalink. The partnership allows for real-time fund transfers to mobile wallets or bank accounts.
Kenyan bank staff will no longer enjoy cheaper loans under new CBK pricing model
The Central Bank of Kenya has scrapped preferential borrowing terms for bank employees. The new risk-based pricing model will increase borrowing costs for insiders who previously enjoyed cheaper credit.
