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CBK

CBK survey shows firms boosting staff for year-end surge
Business

CBK survey shows firms boosting staff for year-end surge

The survey, which included responses from over 1,000 private-sector chief executives, indicates that businesses anticipate higher orders, increased sales, larger production volumes, and more employment opportunities in the fourth quarter. The optimism is linked to seasonal trends and a continued easing of monetary policy, which has lowered borrowing costs and lifted confidence across sectors such as agriculture, manufacturing, services, and tourism.

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KRA retains 8 percent tax on employee welfare benefits despite CBK rate cut
Business

KRA retains 8 percent tax on employee welfare benefits despite CBK rate cut

This is the first time in five quarters that the tax rate has remained unchanged despite a cut in the CBK’s Central Bank Rate (CBR). The CBK lowered the CBR to 9.25 percent from 9.50 percent on October 7, 2025, extending a monetary policy easing cycle that began in August last year and has reduced the rate by a total of 3.75 percentage points.

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Eight banks defy CBK order to cut lending rates
Business

Eight banks defy CBK order to cut lending rates

Fresh data from the central bank shows that DIB Bank Kenya, Consolidated Bank of Kenya, Co-operative Bank of Kenya, Kingdom Bank, UBA Kenya Bank, Diamond Trust Bank Kenya, Premier Bank Kenya, and Access Bank Kenya have all raised their overall weighted average lending rates in the year to August.

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