… Kamau Thugge said AI has the potential to improve lending decisions but cautioned that financial institutions must remain accountable for every credit decision. …
… Central Bank of Kenya (CBK) governor Kamau Thugge said on Tuesday the Safaricom transaction proceeds, totaling Sh244.5 billion, are expected to hit the state's accounts soon, providing a significant boost to Kenya's external buffers."We've seen the money from the Safaricom transa …
… Benedict Oramah, Kenya Commercial Bank Group Chief Executive Officer Paul Russo, senior banking executive Richard James, Kenya Pipeline Company Board Chairperson Faith Boinett, Attorney General Dorcas Oduor, Central Bank of Kenya Governor Kamau Thugge and the chairperson of the s …
… Speaking at a post-monetary policy briefing on Wednesday, Central Bank of Kenya (CBK) Governor Kamau Thugge confirmed that the World Bank has yet to disburse a Sh96.9 billion loan under its Development Policy Operation and that negotiations are still ongoing. …
… Mbadi was in the company of his PS, Chris Kiptoo, and CBK Governor Kamau Thugge, with heavy police deployment at the Parliament buildings and the roads leading there. …
CBK retains lending rate at 8.75% despite rising inflation By Jimmy Mbogoh June 10, 2026 08:02 (EAT) Add as a Preferred Source on Google Follow us Follow on Whatsapp Follow on Google Follow on Twitter CBK Governor Kamau Thugge appears before the National Assembly's Finance Commit …
… Together with Central Bank of Kenya Governor Kamau Thugge, Kiptoo attended the G7 Finance Ministers and Central Bank Governors’ Meeting in Paris, where Kenya was invited alongside India, Brazil, and South Korea to contribute to discussions on emerging global economic and financia …
East African central bank governors have committed to accelerating plans for a single regional currency by 2031 while increasing domestic gold purchases to diversify foreign reserves amid geopolitical tensions and rising energy costs.
East African central bank governors have committed to accelerating plans for a single regional currency by 2031 while increasing domestic gold purchases to diversify foreign reserves amid geopolitical tensions and rising energy costs.
East African central bank governors have vowed to accelerate plans for a single regional currency by 2031 while pursuing aggressive diversification of foreign reserves through domestic gold purchases, amid geopolitical conflicts and soaring energy costs threatening macroeconomic stability across the bloc.
At the 23rd East African Banking School Conference in Diani, banking regulators and executives discussed how artificial intelligence and alternative data can expand credit access for young people and small businesses, while the Central Bank of Kenya Governor cautioned that AI models must remain transparent, explainable, and subject to human oversight.
Kenya's foreign exchange reserves are set to reach a seven-month high following proceeds from the government's sale of a 15 per cent stake in Safaricom totalling Sh244.5 billion, World Bank funding of $750 million, and Kenya Pipeline Company privatisation receipts of Sh103.45 billion received in April, with the CBK expecting the shilling to remain stable.
Treasury Cabinet Secretary John Mbadi has defended appointments to the National Infrastructure Fund (NIF) board, saying the selection process was transparent, competitive and merit-based, overseen by a seven-member independent panel comprising senior professionals from banking, legal and public sectors.
The National Treasury Cabinet Secretary will present a pre-election budget with a Sh1.1 trillion deficit as both the IMF and World Bank have held back funding, forcing the government to rely on domestic borrowing or new taxes. The World Bank has yet to disburse a Sh96.9 billion loan under its Development Policy Operation, with negotiations still ongoing.
Treasury Cabinet Secretary John Mbadi unveiled the 2026-27 budget on June 11, proposing Sh41.8 billion to cushion vulnerable Kenyans (including Sh24.6 billion for the elderly, Sh8.9 billion for orphans, and Sh1.5 billion for PWDs), alongside tax reforms including VAT exemptions on kidney dialyzers and bottled water, a 25 per cent excise duty on mobile phones, and allocations for universities, health, and infrastructure.
Treasury CS John Mbadi has arrived at Parliament to present the 2026/27 budget, valued at Sh4.84 trillion. The budget expects to raise Sh3.67 trillion while facing a deficit of Sh1.17 trillion to be financed through borrowing, with debt repayment consuming the largest share of expenditure at Sh1.3 trillion.
The Central Bank's Monetary Policy Committee has retained the base lending rate at 8.75 percent for the next two months, pausing the monetary easing cycle. Governor Kamau Thugge attributed the decision to Middle East conflict disrupting global supply chains and raising energy prices, while noting that Kenya's overall inflation is expected to remain within target range in the near term.
At the 5th No Money for Terror Conference in Paris, Kenya's Treasury Principal Secretary Chris Kiptoo called for stronger international cooperation, enhanced intelligence sharing, and coordinated action against terrorism financing. Kiptoo noted that Kenya has strengthened its Anti-Money Laundering and Counter Financing of Terrorism framework through legal, regulatory, and institutional reforms to align with international standards and counter sophisticated illicit financing networks.