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Central Bank of Kenya

CBDC not a priority for Kenya, central bank says

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9 June, 2023

CBDC not a priority for Kenya, central bank says

The bank issued a discussion paper a year ago, and after assessing the feedback, it says Kenya can solve its...

Kenya says CBDC not a priority, recommends survey on digital currency adoption

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26 May, 2023

Kenya says CBDC not a priority, recommends survey on digital currency adoption

Central Bank of Kenya says there are better ways to address financial inclusion with current payment systems and dismissed a...

Kenya digital currency-friendly fintech Flutterwave and Chipper Cash operating illegally: central bank

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5 August, 2022

Kenya digital currency-friendly fintech Flutterwave and Chipper Cash operating illegally: central bank

The bank says that the two firms never acquired the licenses to serve Kenyans, even as Flutterwave gets caught in...

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges

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2 April, 2022

Central Bank of Kenya: State-backed digital currency won’t solve all financial challenges

The CBK governor believes that central banks must address their financial challenges directly before launching a digital currency as it...

Low smartphone penetration will hinder CBDC adoption, Kenya central banks says

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30 March, 2022

Low smartphone penetration will hinder CBDC adoption, Kenya central banks says

The central bank governor believes it may be wise to delay the possible rollout of a digital shilling as those...

Kenyan central bank exploring CBDCs, digital currency regulation

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26 October, 2020

Kenyan central bank exploring CBDCs, digital currency regulation

The Central Bank of Kenya is in discussions with other central banks globally regarding the introduction of a central bank...

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