Business
Former CBK governor proposes new benefit for mobile money customers
The proposal is contained in his comments on the Draft National Payment System Policy, which seeks to reshape the rules governing Kenya’s payments sector.
financial inclusion
Business
CBK: 788,853 bank accounts had Sh500,000 or more in 2025
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.
Business
Ruto challenges banks over high cost of borrowing
According to the President, the Government and the Central Bank were forced to tighten monetary policy and introduce fiscal measures in response to those challenges.
Business
Kenya Re backs Takaful as insurance industry seeks wider reach
Kenya Re Head of Marketing Sally Waigumo said Takaful's emphasis on mutual assistance and shared responsibility could provide an alternative approach to insurance, particularly for communities exposed to economic and climate-related risks
Business
Premier Bank seeks greater trust in Shariah-compliant products
At the international level, the Islamic Financial Services Board has also placed Sharia governance at the centre of confidence and financial stability in the sector. In 2025, it adopted principles aimed at strengthening supervisory oversight of Sharia governance across Islamic banks, takaful institutions and Islamic capital-market institutions
Business
Sheikh Rashid warns regulatory gaps could slow Islamic finance growth
Speaking at the Islamic Finance Forum and Dialogue Conference 2026 at the Radisson Blu Arboretum in Nairobi on Thursday, Sheikh Rashid called for reforms to create a stronger legal and regulatory environment for Sharia-compliant financial services
Business
Kenya urged to embrace Islamic finance to drive inclusive growth
Speaking at the Islamic Finance Forum and Dialogue Conference 2026 organised by Radio Generation on Thursday, Asmali said Kenya’s history of financial innovation gave it an opportunity to become a leading Islamic finance hub in Africa.
Business
Premier Bank targets women with Shariah-Compliant banking products
The bank's approach comes as Kenya's financial inclusion landscape continues to expand, although significant gaps remain in access to and use of financial products
Nyanza
Rachel Ruto urges Siaya men to join women’s groups
The First Lady said the restriction on male leadership was intended to preserve the programme’s central objective of advancing women’s economic empowerment rather than exclude men from participating in group activities
Business
Saccos wait longer for payments system access as new law stalls
The latest setback came in April 2026 when the National Assembly turned down amendments that had been approved by the Senate. The Bill has since been taken to a Mediation Committee, further delaying its journey to the President for assent.
Business
Premier Bank explains how Islamic Finance links profits to real business activity
The system distinguishes between assistance to people in need and financing provided for genuine business activity, arguing that a loan advanced to help someone should not become a source of profit through interest
Business
Islamic finance forum set to explore Kenya’s untapped opportunities
The organisers say the sector’s growth has increased interest in Shariah-compliant financial solutions, which combine ethical principles, financial stability and growing market demand