New banks will be allowed to operate in Kenya as long as they meet the minimum core capital requirements, the Central Bank of Kenya (CBK) says on wednesday 16 April, 2025, following the lifting of a decade-long moratorium on licensing new lenders. The ban was imposed in 2015 against a backdrop of governance, risk management...
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Kenya’s central bank lifts decade-long ban, welcomes new banks
A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi. © DR
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
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