Kenyan commercial banks recorded a decline in lending rates in June 2026. The Central Bank of Kenya data shows that the average lending rate fell by 11 basis points month-on-month to 14.38% in June, down from 14.49% in May and 14.78% in February 2026. Meanwhile, the average deposit rate edged down by 2 basis points
The Central Bank of Kenya (CBK) has licensed 25 additional Digital Credit Providers (DCPs), bringing the total number of licensed digital lenders in the country to 252. In a press release dated July 14, CBK said the latest approvals were granted under Section 59(2) of the Central Bank of Kenya Act, following the licensing of
Kenyans could face changes in fuel prices after the Central Bank of Kenya (CBK) reported an increase in global crude oil prices ahead of the Energy and Petroleum Regulatory Authority’s (EPRA) monthly fuel price review on July 14, 2026. According to the Weekly Bulletin released by CBK on July 10, 2026, Murban crude oil prices
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