The central bank of Kenya, responsible for formulating monetary policy and regulating the banking sector.
Kenya wants crypto taxes fast, but offers few answers in return
Kenya's tax authority collected KES 10 billion ($77 million) from crypto traders in the financial year ending June 2024. The Kenya Revenue Authority announced ambitions to collect KES 60 billion ($464 million) annually from the crypto sector.
CBK licenses 47 additional digital credit providers, total now at 126
The Central Bank of Kenya has licensed 41 additional Digital Credit Providers, increasing the total to 126. This licensing marks a significant milestone in promoting transparency and ethical lending practices in Kenya.
Moniepoint gets approval to acquire 78% stake in Kenya’s Sumac after KopoKopo setback
Moniepoint has received approval from the Competition Authority of Kenya to acquire a 78% stake in Sumac Microfinance Bank. The acquisition will allow Moniepoint to enter Kenya's regulated banking sector.
Kenya proposes ban on cashless-only payments below $775 under new bill
Kenya may soon outlaw cashless-only transactions for everyday purchases under a proposed law. The Central Bank of Kenya (Amendment) Bill, 2025, is sponsored by MP Caroli Omondi.
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.
