In a move set to reshape its financial sector, Kenya’s Central Bank (CBK) will lift its nine-year freeze on licensing new commercial banks by July 1, 2025. The moratorium, first imposed in 2015, allowed regulators to strengthen governance, risk management, and the country’s regulatory framework.
Now, with stricter capital requirements, including a Ksh.10 billion minimum core capital – the CBK is inviting new local and foreign banks into an increasingly stable and competitive market. Experts predict this will fuel more SME lending, digital banking innovation, and foreign investment into East Africa’s largest economy.
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