Kenya central bank to lift moratorium on new commercial bank licenses

Kenya central bank to lift moratorium on new commercial bank licenses

The Central Bank of Kenya will lift a decade-long moratorium on licensing new commercial banks on July 1, it said on Wednesday.

CBK to lift 10-year ban on licensing new banks in July 2025

The moratorium was intended to provide space for the strengthening of the Kenyan banking sector.

Central Bank of Kenya lifts 10-year ban on new bank licences

On Techpoint Digest, we discuss the CBK lifting a 10-year ban on new bank licences, how a Tunisian startup is using technology to rewrite history, and Moniepoint's launch of MonieWorld.

The new banks will be allowed to operate in Kenya provided they meet minimum core capital requirements, the Central Bank of Kenya (CBK) said, after a 10-year moratorium on licensing new lenders was lifted. The ban was imposed in 2015 in a...

How to Open and Operate a Bank in Kenya – CBK

Starting a bank or mortgage finance company in Kenya requires deep pockets, among many other stringent regulations. According to the Central Bank of Kenya (CBK), individuals or entities seeking to establish such institutions must meet rigorous financial and regulatory requirements, including a minimum capital threshold of Ksh1 billion. This capital requirement, as stipulated in the Banking Act, is part of a broader effort by regulators to ensure…

CBK Lifts Ban On Licensing Of New Banks After Nearly A Decade - KahawaTungu

The Central Bank of Kenya (CBK) has officially lifted a nine-year suspension on the licensing of new banks, signaling a major shift in the country’s banking sector. In a statement issued on Wednesday, CBK announced that the moratorium, which was imposed on November 17, 2015, will end on July 1, 2025. The suspension was introduced [...] The post CBK Lifts Ban On Licensing Of New Banks After Nearly A Decade appeared first on KahawaTungu.