Search

Banking

CBK Extends Bulk Payment Settlement Hours to Boost Efficiency of Large-Value Transactions

2 min Read Time

The Central Bank of Kenya (CBK) has extended the operating hours of its Kenya Electronic Payment and Settlement System (KEPSS), a move expected to significantly ease the completion of large-value and time-sensitive transactions. The system, which handles trillions of shillings in daily interbank transfers, will now operate for longer hours to allow more flexibility for banks and financial institutions in executing bulk payments. The extensi.......

This Article is Locked!

Experience exclusive content for free! We’re unlocking all features for new members, but this access won’t last forever. Don’t miss your chance—secure your spot now!



Related Articles

Read article
CBK Eases Lending: MPC Cuts Base Rate to 9.75% in Surprise Move
Banking

CBK Eases Lending: MPC Cuts Base Rate to 9.75% in Surprise Move

In a slight but notable shift in monetary policy, the Central Bank of Kenya (CBK) has lowered its base lending rate to 9.75%, down from...

Read article
Arrest of Kitui Blogger Over MP Rachael Nyamai “Queen of Corruption” Slur Sparks Outcry Over Press Freedom
Banking

Arrest of Kitui Blogger Over MP Rachael Nyamai “Queen of Corruption” Slur Sparks Outcry Over Press Freedom

Kitui-based blogger Emmanuel Maleve has been arrested and is being held at Nairobi’s Muthaiga Police Station following a controversial article in which he labeled Kitui...

Read article
High Court Blocks Auction of Tuju’s Karen Estate Amid Sh4.5 Bn Loan Dispute
Banking

High Court Blocks Auction of Tuju’s Karen Estate Amid Sh4.5 Bn Loan Dispute

Former Cabinet Secretary Raphael Tuju has secured a significant legal reprieve as the High Court extended orders barring the East African Development Bank (EADB) and...

Read article
Kenya hit with motor vehicle number plates shortage, again as NTSA pledges to intervene
Banking

Kenya hit with motor vehicle number plates shortage, again as NTSA pledges to intervene

Kenya’s motor vehicle industry is facing a severe disruption due to a nationwide shortage of number plates, delaying vehicle registrations and creating financial burdens for...

Read article
Kenyan Woman Busted at JKIA Trying to Smuggle Cocaine to India
Banking

Kenyan Woman Busted at JKIA Trying to Smuggle Cocaine to India

NAIROBI, May 2 — A 25-year-old Kenyan woman, Caroline Wanjiku Mwangi, has been arrested at Jomo Kenyatta International Airport (JKIA) in a dramatic drug bust...

Read article
Kenya to Pay Sh6 Billion to French Firms Over Botched Toll Road Deal
Banking

Kenya to Pay Sh6 Billion to French Firms Over Botched Toll Road Deal

In a costly setback for Kenya’s infrastructure ambitions, the government is set to pay Sh6 billion in compensation to French firms after abruptly cancelling the...