The Central Bank of Kenya (CBK) has approved Safaricom’s plan to mask phone numbers in M-Pesa transactions, a move designed to enhance privacy and align mobile money services with Kenya’s Data Protection Act 2019. The initiative will cover peer-to-peer transfers, PayBill, and Till payments, with the rollout expected in February 2026. Under the new system,
The Central Bank of Kenya (CBK) has released its latest report on commercial bank interest rates for January 2026, highlighting the banks offering the most affordable loans in the country. In a notice dated Thursday, February 26, 2026, the regulator’s data showed that the overall industry average lending rate settled at 14.81%, with variation across
Equity Bank has announced a reduction in its loan interest rates, providing relief to borrowers following the Central Bank of Kenya (CBK) ‘s recent policy adjustment. This decision follows the Central Bank of Kenya’s revision of the Central Bank Rate (CBR) from 9.00% to 8.75%, effective on February 10, 2026. According to a notice from
Popular Posts
