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Core inflation, which excludes more volatile items, increased to 4.0% in September from 3.4% in August. CBK attributed the rise mainly to higher prices of processed food products.
The latest offer comes as the government continues to use domestic borrowing as one of its sources of financing its budgetary requirements, with Treasury securities providing a key avenue for mobilising funds from local investors.
In the results released on October 5, CBK said competitive bids accounted for Sh7.04 billion of the amount accepted, while another Sh1.92 billion was taken through non-competitive bids.
One of the proposals, the Central Bank of Kenya (Amendment) Bill, 2026, seeks changes to the CBK Act to define the handling of foreign exchange, create offences linked to illegal dealing in foreign currency and support stability in the foreign exchange market.
The new licences were issued under Section 59(2) of the Central Bank of Kenya Act, following the approval of 25 digital credit providers announced by CBK in July.
The auction, which opened on September 24, 2026, targets investors holding unencumbered positions in Treasury bonds FXD1/2024/003 and FXD2/2013/015. Bids will be accepted until 10 am on October 5, 2026, when the auction will be conducted
According to the CBK prospectus, the funds raised through the reopening will be used for budgetary support, making the auction part of the government's domestic borrowing programme
Data contained in the Central Bank of Kenya (CBK) Bank Supervision Annual Report 2025 shows that 788,853 deposit accounts had balances of Sh500,000 or more by December last year.
In a statement on Wednesday, the regulator said the transaction follows its approval on August 17,2026 under Section 13 (4) of the Banking Act and approval by the Cabinet Secretary for the National Treasury and Economic Planning on 21 September under Section 9 (1) of the same law.
According to the County Governments Budget Implementation Review Report for the first nine months of the 2025/2026 financial year, counties had 3,431 commercial bank accounts at the beginning of 2025. By March 31, 2026, the figure had reached 6,585.
The auction results show that Sh23.53 billion of the amount accepted comprised competitive bids, while Sh19.16 billion came from non-competitive bids
Speaking at the Islamic Finance Forum and Dialogue Conference in Nairobi on Thursday, Salat said Islamic finance should go beyond offering alternatives to conventional banking and instead focus on financing real assets and productive economic activity