World Bank Group President David Malpass has urged the Group of 20 rich countries to extend the time frame of the Debt Service Suspension Initiative(DSSI) through the end of 2021, calling it one of the key factors in strengthening global recovery. READ MORE..
The Central Bank of Kenya (CBK) will regulate interest rates charged on mobile loans by digital lending platforms if amendments on the Central bank of Kenya Act pass to law. The amendments will require digital lenders to seek approval from CBK before launching new products or changing interest rates on loans among other charges, just like commercial banks. READ MORE..
The Kenya Shilling is expected to come under intense pressure in the coming days as the economy returns to normal operation. Importers are set to increase demand for dollars, thereby putting pressure on the shilling.
According to the latest weekly bulletin from the Central Bank of Kenya(CBK), the Kenya Shilling weakened against major international and regional currencies during the week ending July 17th July, 2020. READ MORE..
