The Central Bank of Kenya (CBK) has proposed a shift from the current risk-based pricing model (RBCPM) to a lending rate model anchored on the Central Bank Rate (CBR). This proposal is detailed in a CBK consultative paper seeking public input on the RBCPM review. The initiative responds to concerns that some banks have inconsistently applied the RBCPM since its 2019 introduction. “There are lingering concerns regarding the availability, quality, and fairness of the credit scoring data underpinning the model, as well as consistency of RBCPM application across commercial banks. These issues have significant implications for maintaining the integrity of…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
For a continent long recognised for its youthful population, demographic trends are now translating into significant market influence. New projections from the World Data Lab’s “Gen Z and the Future of the African Consumer” indicate that Africa’s Generation Z (individuals born between 1997 and 2012) is poised to command US$801 billion in consumer spending by 2025, establishing them as the largest spending cohort across the continent. This figure is projected to exceed US$1 trillion by 2032, a milestone signifying more than just economic expansion. It points to a broader global shift in consumption patterns, moving away from the traditional “Global West”…
Human Mobile Devices (HMD), the makers of Nokia phones and Europe’s largest smartphone manufacturer, has launched its latest range of devices in Kenya. As FC Barcelona’s official smartphone partner, HMD brings its hallmark values of performance, reliability, and passion to the Kenyan market with two standout products: the HMD Arc and HMD 130 Music, also known as Frodo. Designed specifically for Kenyan consumers, the devices emphasise affordability, durability, and practicality for everyday use. HMD Arc: A Stylish, Repairable Smartphone That Lasts With its easy-to-repair design and long-lasting 5000mAh battery, the HMD Arc is ideal for Kenyans looking for a reliable…
Sanlam Kenya PLC’s Board of Directors has formally initiated its rights issue, following the successful acquisition of all necessary regulatory approvals from shareholders, the Capital Markets Authority (CMA), the Nairobi Securities Exchange (NSE), and the Insurance Regulatory Authority (IRA). This capital raising is strategically designed to substantially reduce the company’s existing long-term debt obligations and provide management with enhanced operational and financial flexibility to underpin future growth initiatives and a return to sustained profitability. This action aligns with Sanlam Kenya’s overarching objective of lowering the group’s debt to a manageable and sustainable level, thereby strengthening its financial position. The Sanlam…
Access Bank (Kenya) Plc has received the necessary approvals to finalize its acquisition of the National Bank of Kenya (NBK). The Central Bank of Kenya (CBK) Governor Dr. Kamau Thugge confirmed that National Treasury Cabinet Secretary John Mbadi approved the transaction as per gazette notice number 4667, dated April 11, 2025. This CBK approval grants Access Bank the authority to acquire 100% of NBK’s shareholding, which was previously held by the Kenya Commercial Bank (KCB) Group Plc. The acquisition encompasses NBK’s insurance subsidiary, NBK Bancassurance Intermediary Limited. According to the CBK, the National Treasury Cabinet Secretary (CS) John Mbadi granted approval…
Quartz is an engineered stone composed primarily of quartz crystals, resin, and bonding agents. This material combines aesthetic appeal and practical functionality, making it a favored choice for countertops in both residential and commercial environments. Quartz is a non-porous substance known for its remarkable durability, allowing it to endure daily wear while preserving its visual charm. It is available in a wide array of colors and patterns, accommodating various design preferences. Along with its resistance to scratches and stains, quartz is recognized for its eco-friendliness, which is attributed to sustainable manufacturing processes. This versatility renders it an ideal candidate for…