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CBK News

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Business

Industrial Action Grounds Calm at JKIA as Aviation Workers Strike, Authorities Activate Contingency Plans

Travelers at Jomo Kenyatta International Airport (JKIA) faced delays and uncertainty after aviation workers downed their tools, triggering disruptions to flight operations at the …

Business

COMMUNICATIONS AUTHORITY BANS 21 PHONES BRANDS

The Communications Authority of Kenya (CA) has officially banned 21 mobile phone brands from being sold or used in the country. The move, announced …

Business

From Milk Cans to Millions as Youth Enterprise Takes Center stage With Sh375 Million NYOTA Boosting Lands in Garissa

 NAIROBI,FEBRUARY 11, -President William Ruto on Wednesday presided over the disbursement of Sh375 million in start-up capital to 7,500 young entrepreneurs in Garissa County, …

Business

Absa appoints Former M-PESA Africa CEO Sitoyo Lopokoiyit to Drive Digital Banking Growth

Absa Group has unveiled a major executive leadership reshuffle, headlined by the appointment of fintech heavyweight Sitoyo Lopokoiyit as Chief Executive of Personal and …

Finance

HELB Launches Mandatory Salary Deductions for Private Sector Loan Defaulters, Partners with KRA to Notify Employers

 The Higher Education Loans Board has launched a nationwide enforcement drive mandating automatic salary deductions for private sector employees who have defaulted on their …

Business

World Bank Blames CA Delay for High Call Rates, Pushes for Cost-Based Pricing to Lower Tariffs

 The World Bank has attributed Kenya's high mobile call rates to delays by the Communications Authority in reducing mobile termination charges, urging the regulator …

Business

Kiharu MP Ndindi Nyoro Offloads 3.08 Million Kenya Power Shares Worth KSh 37.8 Million

Kiharu Member of Parliament Ndindi Nyoro has disposed of 3.08 million shares in Kenya Power and Lighting Company valued at KSh 37.8 million in …

Business

Bar Owners and Retailers Petition Senate to Halt Tobacco Control Amendment Bill Over Rushed Process and Job Loss Fears

 Bar owners and retailers have filed an urgent petition at the Senate urging the House to suspend debate on the Tobacco Control (Amendment) Bill, …

Finance

World Bank Warns Kenya’s Heavy Domestic Borrowing Crowding Out Private Sector Credit

 The glass-fronted conference room on the fourteenth floor of the World Bank offices in Nairobi’s Upper Hill, where the late-morning light filtered through half-open …

Business

Kenya's Mobile Money Transactions Plunge by Sh345 Billion in Nine Months Amid Economic Squeeze

 The vibrant chaos of Gikomba Market in Nairobi, where vendors in colorful kitenges haggle over sacks of tomatoes and bolts of kitenge fabric while …