The Central Bank of Kenya (CBK) announces the acquisition of 51percent of the shareholding of Mayfair Bank Limited(MBL)by Commercial International Bank (Egypt) S.A.E(CIB) effective May 1, 2020.

The Monetary Policy Committee lowered the Central Bank Rate (CBR) to 7.00 percent at its April 29, 2020 meeting.

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Standard Chartered (StanChart) has restructured Sh8 billion of loans, equivalent to about 6.47 percent of its net loans at the end of last year, as the lender seeks to cushion customers who have been hit by the coronavirus crisis.

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