The central bank of Kenya, responsible for formulating monetary policy and regulating the banking sector.
Valentine’s Day cash bouquets could land Kenyans in legal trouble, Central Bank warns
The CBK has observed an increase in the use of Kenya Shilling notes for cash flower bouquets and ornamental displays. Such practices are seen as damaging to the integrity of banknotes and violate Section 367 of Kenya’s Penal Code.
Kenyan fintechs poached aggressively from banks. Now the talent is returning
Kenyan banks are regaining talent lost to fintechs as job security and better salaries attract professionals back. The shift has intensified since 2024, with banks expanding engineering and compliance departments in response to operational risks.
Kenya’s competition regulator clears Zenith Bank’s Paramount acquisition
The Competition Authority of Kenya approved Zenith Bank's acquisition of Paramount Bank, clearing a regulatory hurdle. Zenith Bank must retain all 78 employees of Paramount Bank for at least 12 months post-acquisition.
Kenya enforces new law to bring crypto firms under Central Bank’s watch
Kenya has introduced the Virtual Asset Service Providers Act 2025, marking the first formal regulation of its crypto sector. The Act grants the Central Bank of Kenya and the Capital Markets Authority the authority to license and supervise digital asset companies.
Zenith confirms Kenyan expansion, says acquisition awaiting regulatory approval
Zenith Bank confirms its entry into Kenya is pending final regulatory approvals. The bank is in advanced talks to acquire Paramount Bank Ltd, a mid-tier lender.
