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central bank of kenya

ECONOMY-FINANCE

Huge Relief to Kenyans With Bank Accounts After the Latest Court Ruling on Mobile Banking Charges

[Photo|Courtesy] The 2020 Covid-19 pandemic led to the government ordering the Central Bank of Kenya to suspend transactions involving Banks and mobile money wallets. Kenyans have been enjoying this as there have been no charges when transferring money from Bank to MPESA. In a press release issued on December 6th 2022, the Central Bank of Kenya announced the return of Bank to MPESA transactions hinting that the new charges would be lower than the previous charges before the Covid-19 pandemic.

  18 days ago ago
Huge Relief to Kenyans With Bank Accounts After the Latest Court Ruling on Mobile Banking Charges

POLITICS

Prominent People In Kenya Who Have Not Yet Married Despite Their Age

Below are some Kenyan personalities who are working in different fields in the country and have become popular but are not yet married. 1. Patrick Njoroge He is the incumbent Governor of the Central Bank of Kenya. Many people thought he could not manage the Bank because of his marital status but that did not stop him from doing the great work we have been seeing and hearing of.

  23 days ago ago
Prominent People In Kenya Who Have Not Yet Married Despite Their Age

PERSONAL-INVESTING

Digital Loan Leaders Are Prohibited From Doing The Following After You Default On Loan Repayment

Many Kenyans have fallen victim to some digital lenders who harass them in order to force repayment of loans. Some of them start calling the borrower even before the repayment due date. The loans often come with a huge interest rate, whilst the borrowers are so much in need of consideration.

  15 days ago ago
Digital Loan Leaders Are Prohibited From Doing The Following After You Default On Loan Repayment

JUSTICE

Good News to Kenyans as Bank to MPESA Charges Stopped by High Court Temporarily

Ok the 1st of January 2023, banks reintroduced the bank to mpesa transactions that had been thrown away by the government following the covid pandemic as per the reports that we have with us. Picture courtesy. Image used for illustration. Many Kenyans were disgruntled at the news of the reintroduction of the charges that had seen them use basically nothing to withdraw money from their banks into their mpesa mobile wallets.

  18 days ago ago
Good News to Kenyans as Bank to MPESA Charges Stopped by High Court Temporarily

ECONOMY-FINANCE

Reviewed And Updated Bank To Mpesa Transaction Cost for Equity Bank And KCB From 1st January 2023

The Central Bank of Kenya imposed 20 percent excise fee on Bank to Mpesa transaction Starting from 1st January 2023. The Bank to Mpesa transaction has been provided by the government for free for the past three years. The Kenya Kwanza government lead by President William Samoei Ruto and Deputy president Geoffrey Rigathi Gachagua is trying to stabilize the economy of Kenya through saving.

  29 days ago ago
Reviewed And Updated Bank To Mpesa Transaction Cost for Equity Bank And KCB From 1st January 2023

ECONOMY-FINANCE

Equity Bank Releases New Tarifs For Bank To Mobile Transfer Following CBK Announcement

One of the Kenya's leading financial institutions Equity Bank, has announced the re-introduction of the Bank to mobile transfer Charges following the announcement by the Central Bank of Kenya. In an email sent to clients by the financial institution, all transactions will be charged from the 1st day of January 2023.

  1 month ago ago
Equity Bank Releases New Tarifs For Bank To Mobile Transfer Following CBK Announcement

ECONOMY-FINANCE

Bad News To Kenyans As They Will Be Required To Pay For This Service Mpesa Service Starting Midnight

It is indeed that this year has been of the hardest years ever in the lives of many Kenyans. Kenyans have been forced to dig deeper in their pockets to get goods and services as the prices of major products hiked this year. All hopes are in new year of 2023 as they expect the condition to atleast change.

  1 month ago ago
Bad News To Kenyans As They Will Be Required To Pay For This Service Mpesa Service Starting Midnight

POLITICS

"Kusota Ni Wewe" Kenyans Abroad Set New History After Sending This Amount Of Money During Christmas

As people continues to struggle with hard economic times which was brought by Covid 19 pandemic, hunger and the war between Russia and Ukraine, Kenyans have set a new record of sending money home. Speaking to a local media station, the outspoken Central Bank of Kenya governor honourable Patrick Njoroge disclosed that during christmas alone, Kenyans sent to their relatives in the country over four hundred and fifty three billion shillings. "

  17 days ago ago

ECONOMY-FINANCE

Why Safaricom Helped Former Prisoner Listed in CRB Over Mshwari Loan

A Kenyan borrowing money rom Mshwari. More than 4.2 million Kenyans are listed in the Credit Reference Bureau (CRB), according to the Central Bank of Kenya. Economic hardships have forced many to borrow money from various lending platforms but some have been unable to repay.

  1 month ago ago
Why Safaricom Helped Former Prisoner Listed in CRB Over Mshwari Loan

JUSTICE

Good News To Kenyans As They Will Continue To Enjoy This Mpesa Service For Free After Court's Order

Since March 2020, Kenyans have been enjoying transferring money from bank accounts to mobile wallets and vice versa at free of charge. This was a move that was made by the government in response to COVID-19 disease. And after being in action for around three years, the Central Bank of Kenya (CBK) announced the reintroduction of the charges that was to be in use beginning 1st of January this year.

  17 days ago ago
Good News To Kenyans As They Will Continue To Enjoy This Mpesa Service For Free After Court's Order

JUSTICE

Bank Responses from Twitter after High Court Suspends Bank to Mpesa Charges

In Kenya, people have been able to send money from their banks to mobile money wallets for free for more than two years to pay school fees or manage their finances from home. However, both banks and mobile money providers were dissatisfied with the directive because it was free hence did not make a profit from such a transaction.

  17 days ago ago
Bank Responses from Twitter after High Court Suspends Bank to Mpesa Charges

ECONOMY-FINANCE

Only Company In Kenya That Is Allowed To Print Genuine Money And Why

The company is called De La Rue. It is the only company in Kenya allowed to print genuine money in Kenya. The company is contracted by the Central Bank of Kenya to print genuine notes and coins when need arises. It has special machine, which are certified.

  17 days ago ago
Only Company In Kenya That Is Allowed To Print Genuine Money And Why

ECONOMY-FINANCE

Big Blow To Kenyans As They Are Told What Will Happen Starting On January 1, 2023

Many Kenyans find it challenging to purchase products and services due to the country's rising cost of living, which has been happening for the past two years. For many Kenyans, the cost of basic necessities is unaffordable. Kenyans have been paying zero Shillings for the past two years when transferring money from bank accounts to Mpesa and Airtel accounts.

  1 month ago ago
Big Blow To Kenyans As They Are Told What Will Happen Starting On January 1, 2023

JUSTICE

Court Stops The Re-Introduction Of Bank To Mpesa Charges

Court Stops The Re-Introduction Of Bank To Mpesa Charges. In the interim, Safaricom and the central bank have been ordered to stop charging for transfers between mobile money wallets and lenders by the High Court, awaiting the outcome of a lawsuit regarding financial consumer rights. The decision was made in response to an application Mr. Moses Wafula, a Kenyan, filed to contest the charges' reinstatement after they were put on hold in 2020 as a result of Covid-19.

  18 days ago ago
Court Stops The Re-Introduction Of Bank To Mpesa Charges

ECONOMY-FINANCE

Bad News to Kenyans as the year Begin After CBK induced Transaction Cost for Bank-to-Mpesa Transfer

Following the Central Bank of Kenya set regulations to commercial banks on transactions for bank-to-mobile cash transfer, in 2023 Kenyans will be paying a certain transaction cost for all bank-to-mpesa transfer. This is after the CBK ends free bank-to-mobile cash transfers as had been instructed earlier by the state to increase taxation rate for the country back to how it was before the COVID-19 which led to waving of the cost.

  1 month ago ago
Bad News to Kenyans as the year Begin After CBK induced Transaction Cost for Bank-to-Mpesa Transfer

ECONOMY-FINANCE

Big Morning Relief to all Kenyans as Safaricom Makes This Move

Safaricom customers will be pleased to learn that the following charges have been reduced by nearly half. Following negotiations with lenders and mobile payment firms, the Central Bank of Kenya (CBK) announced two weeks ago the reintroduction of charges for transactions between mobile money wallets and bank accounts.

  1 month ago ago
Big Morning Relief to all Kenyans as Safaricom Makes This Move

ECONOMY-FINANCE

Good News to Safaricom Customers as Safaricom Slashes The Following Charges By Nearly Half

Good news to Safaricom customers as Safaricom slashes the following charges by nearly half. This is after the Central Bank of Kenya (CBK) two weeks ago announced the reintroduction of charges for transactions between mobile money wallets and bank accounts after negations with lenders and mobile payment firms.

  1 month ago ago
Good News to Safaricom Customers as Safaricom Slashes The Following Charges By Nearly Half

JUSTICE

Judges applauded after court order suspension of reintroduction of Bank to Mpesa transaction charges

If you frequently visit social media you may have come across the supreme court at some point. The supreme court is the highest and powerful court in Kenya. It has six judges lead by the chief justice her lordship Martha Koome. There are several courts that are second in power after the supreme cour.

  18 days ago ago
Judges applauded after court order suspension of reintroduction of Bank to Mpesa transaction charges

JUSTICE

Court orders safaricom and Central Bank of Kenya to suspend mpesa-bank charges.

Since the COVID-19 pandemic people with mobile banking were able to transfer their money from mpesa to the bank without any charges. Recently the Central Bank of Kenya re-introduced the mpesa-bank charges. The court has ordered Safaricom and the Central Bank of Kenya (CBK) to suspend the reintroduction of bank-to-M-Pesa charges.

  17 days ago ago
Court orders safaricom and Central Bank of Kenya to suspend mpesa-bank charges.

JUSTICE

Court suspend Newly reintroduced charges for transactions between mobile money wallets and bank

The newly reintroduced charges for transactions between mobile money wallets and bank accounts were on Thursday, January 12, suspended by High Court. Justice Mugure Thande, in his ruling, ordered telecommunications companies and the Central Bank of Kenya to suspend the charges that took effect on January 1, 2023.

  18 days ago ago
Court suspend Newly reintroduced charges for transactions between mobile money wallets and bank