PROCEDURE AND REQUIREMENTS FOR LICENSING OF COMMERCIAL BANKS IN KENYA
On 16th April 2025, the Central Bank of Kenya (CBK) announced that with effect from July 1, 2025, it will lift the moratorium on licensing of new commercial banks which had been in
SECURITY RIGHT OVER MOVABLE PROPERTY IN KENYA
(MPSR: series 2) Introduction In our previous article, we discussed the procedure and requirement for registration of security right over movable property in Kenya. (Check out our
CBK KICK OFF MIGRATION OF DOMESTIC HIGH VALUE PAYMENT SYSTEM TO ISO 20022 STANDARDS
The Central Bank of Kenya (CBK) has kick start the migration of the Kenya Electronic Payment and Settlement System (KEPSS) to the ISO 20022 standards. KEPSS is Kenya’s payment sy
CBK TO SET HEFTY PENALTIES FOR FINANCIAL INSTITUTIONS DEFYING BANKING LAWS
Review of Kenya’s Draft Banking (Penalties) Regulations,2024 Towards the end February 2024, the Central Bank of Kenya published the Draft Banking (Penalties) Regulations,2024 and
PROCEDURE AND REQUIREMENTS FOR REGISTRATION & LICENSING OF A FOREX BUREAU IN KENYA
The Central Bank of Kenya (CBK) is the institution mandated with the responsibility of registering and licensing all entities dealing in finances and currency exchange in Kenya inc
HIGH COURT DECLARES CREDIT REFERENCE BUREAU REGULATION 2020(AMENDMENT) NULL AND VOID
The High Court of Kenya has declared Credit Reference Bureau Regulation 2020(Amendment) null and void following a successful petition by Benjamin Bogongo. Though the Petitioner (Be