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3232Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil
https://www.digit.info/kenyan-central-bank-rejects-deputy-president-rigathi-gachaguas-claims-country-lacks-forex-to-import-oil/
Tue, 04 Oct 2022 06:45:01 +0000https://www.digit.info/2022/10/04/kenyan-central-bank-rejects-deputy-president-rigathi-gachaguas-claims-country-lacks-forex-to-import-oil/Read more]]>The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import oil. According to the bank, all the foreign exchange used in private transactions and for oil imports is sourced from commercial banks. Central Bank […]
]]>Report: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks
https://www.digit.info/report-imf-warns-kenyan-central-bank-against-introducing-a-cbdc-that-harms-fintechs-and-banks/
Fri, 29 Jul 2022 11:30:45 +0000https://www.digit.info/2022/07/29/report-imf-warns-kenyan-central-bank-against-introducing-a-cbdc-that-harms-fintechs-and-banks/Read more]]>The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not stifle such welcome digitalisation developments by taking away customers of banks and other […]
]]>Kenyan Remittances Surged by 20% in H1, North America and Europe-Based Diaspora Contribute Over 80%
https://www.digit.info/kenyan-remittances-surged-by-20-in-h1-north-america-and-europe-based-diaspora-contribute-over-80/
Thu, 22 Jul 2021 11:30:24 +0000https://www.digit.info/2021/07/22/kenyan-remittances-surged-by-20-in-h1-north-america-and-europe-based-diaspora-contribute-over-80/Read more]]>According to the latest data from the Central Bank of Kenya (CBK), diaspora remittances inflows to the country surged to $1.75 billion in the first six months of 2021. This figure represents a nearly 20% increase from the $1.46 billion recorded in the same period last year. 2021 Inflows Set to Surpass 2020 Total At […]
The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to import oil. According to the bank, all the foreign exchange used in private transactions and for oil imports is sourced from commercial banks. Central Bank […]
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not stifle such welcome digitalisation developments by taking away customers of banks and other […]
According to the latest data from the Central Bank of Kenya (CBK), diaspora remittances inflows to the country surged to $1.75 billion in the first six months of 2021. This figure represents a nearly 20% increase from the $1.46 billion recorded in the same period last year. 2021 Inflows Set to Surpass 2020 Total At […]