• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
President William Ruto

Kenya: Central Bank To Lift 9-Year Ban On Licensing Of New Banks

5 months ago
South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

South Africa Records 0.8% Growth In Q2 2025

5 hours ago
Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

7 hours ago
UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

10 hours ago
MWC Kigali
Junk Food: One In 10 Kids Obese Worldwide – UN Report 

Junk Food: One In 10 Kids Obese Worldwide – UN Report 

10 hours ago
Court Jails 7 Chinese Nationals Over Abduction, Forced Labour In South Africa

Court Jails 7 Chinese Nationals Over Abduction, Forced Labour In South Africa

13 hours ago
Thursday, September 11, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    France Gets New Prime Minister After Bayrou’s Resignation

    France Gets New Prime Minister After Bayrou’s Resignation

    At Washington Meeting, Trump Confronts Ramaphosa With Video Evidence Of “Genocide” Against Whites

    Trump Not Attending G20 Summit Taking Place First Time In Africa — White House

    Ivory Coast: Former First Lady Cleared To Contest Presidential Election

    Ivory Coast: Former First Lady Cleared To Contest Presidential Election

    US Deports Sierra Leone Coup Figure Charles Mbayo Over Human Rights Crimes

    US Deports Sierra Leone Coup Figure Charles Mbayo Over Human Rights Crimes

    Uganda: “Missing” Student Jailed Over TikTok Video Criticizing President Yoweri

    Uganda: Opposition Figure Arrested In Court During Colleagues Bail Hearing

    Burundi’s Nibigira Emerges President Of Central Africa’s Regional Bloc

    Burundi’s Nibigira Emerges President Of Central Africa’s Regional Bloc

    Senegal: Government Reshuffles Cabinet Amid Economic Tension

    Senegal: Government Reshuffles Cabinet Amid Economic Tension

    Japan: Prime Minister Shigeru Ishiba Resigns After Party’s Electoral Woe

    Japan: Prime Minister Shigeru Ishiba Resigns After Party’s Electoral Woe

    UK: Deputy PM Blames “Inaccurate” Advice For Tax Error

    UK Deputy Prime Minister Quits Over Tax Error

  • Economy
    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

    African Leaders Demand Climate Justice At Ethiopia Summit 

    African Leaders Demand Climate Justice At Ethiopia Summit 

    Auto Draft

    Kenya: 66,000 Jobs At Risk As AGOA Deal Ends

    Africa’s Super Banker Resumes As AfDB President, Promises To Harness Africa’s Youthful Energy, Chart Bold Compass For Transformation

    AfDB President Unveils Four Urgent Priorities For First 100 Days In Office

    AfCFTA Key To Shielding Africa From Global Trade Shocks – Mene

    AfCFTA Key To Shielding Africa From Global Trade Shocks – Mene

    Registration Opens For MWC25 Kigali, Africa’s Biggest Connectivity Event

    Registration Opens For MWC25 Kigali, Africa’s Biggest Connectivity Event

    Zimbabwe Pays First Compensation To White Farmers Affected By Land Reforms

    Zimbabwe To Commence Export Of Blueberry To China

    Goldman

    Nigeria: Naira Records Third Consecutive Appreciation Against US Dollar

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    France Gets New Prime Minister After Bayrou’s Resignation

    France Gets New Prime Minister After Bayrou’s Resignation

    At Washington Meeting, Trump Confronts Ramaphosa With Video Evidence Of “Genocide” Against Whites

    Trump Not Attending G20 Summit Taking Place First Time In Africa — White House

    Ivory Coast: Former First Lady Cleared To Contest Presidential Election

    Ivory Coast: Former First Lady Cleared To Contest Presidential Election

    US Deports Sierra Leone Coup Figure Charles Mbayo Over Human Rights Crimes

    US Deports Sierra Leone Coup Figure Charles Mbayo Over Human Rights Crimes

    Uganda: “Missing” Student Jailed Over TikTok Video Criticizing President Yoweri

    Uganda: Opposition Figure Arrested In Court During Colleagues Bail Hearing

    Burundi’s Nibigira Emerges President Of Central Africa’s Regional Bloc

    Burundi’s Nibigira Emerges President Of Central Africa’s Regional Bloc

    Senegal: Government Reshuffles Cabinet Amid Economic Tension

    Senegal: Government Reshuffles Cabinet Amid Economic Tension

    Japan: Prime Minister Shigeru Ishiba Resigns After Party’s Electoral Woe

    Japan: Prime Minister Shigeru Ishiba Resigns After Party’s Electoral Woe

    UK: Deputy PM Blames “Inaccurate” Advice For Tax Error

    UK Deputy Prime Minister Quits Over Tax Error

  • Economy
    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

    African Leaders Demand Climate Justice At Ethiopia Summit 

    African Leaders Demand Climate Justice At Ethiopia Summit 

    Auto Draft

    Kenya: 66,000 Jobs At Risk As AGOA Deal Ends

    Africa’s Super Banker Resumes As AfDB President, Promises To Harness Africa’s Youthful Energy, Chart Bold Compass For Transformation

    AfDB President Unveils Four Urgent Priorities For First 100 Days In Office

    AfCFTA Key To Shielding Africa From Global Trade Shocks – Mene

    AfCFTA Key To Shielding Africa From Global Trade Shocks – Mene

    Registration Opens For MWC25 Kigali, Africa’s Biggest Connectivity Event

    Registration Opens For MWC25 Kigali, Africa’s Biggest Connectivity Event

    Zimbabwe Pays First Compensation To White Farmers Affected By Land Reforms

    Zimbabwe To Commence Export Of Blueberry To China

    Goldman

    Nigeria: Naira Records Third Consecutive Appreciation Against US Dollar

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Kenya: Central Bank To Lift 9-Year Ban On Licensing Of New Banks

The apex bank said the lifting of the suspension has been informed by the strides made in strengthening the legal and regulatory framework guiding the operations of the banking sector.

April 16, 2025
in Economy, Top Stories
0
President William Ruto

Kenyan President, William Ruto

0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Enyichukwu Enemanna

The Central Bank of Kenya (CBK) has announced that it will lift the suspension placed on the issuance of new licences to commercial banks in the country.

Relatedreading

South Africa Records 0.8% Growth In Q2 2025

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

The moratorium, in place since 17 November 2015, will be lifted effective 1 July this year, CBK said in a statement on Wednesday.

MWC Kigali MWC Kigali MWC Kigali
ADVERTISEMENT

The suspension was put in place against a backdrop of governance and operational challenges in the banking sector at the time.

The action was also necessitated by the need to provide space for strengthening the Kenyan banking sector, CBK said.

The apex bank said the lifting of the suspension has been informed by the strides made in strengthening the legal and regulatory framework guiding the operations of the banking sector.

It added that the move has also been prompted by the growing number of bank mergers and the influx of foreign investors into the sector.

“Since then, significant strides have been made in strengthening the legal and regulatory framework for Kenya’s banking sector. Notably, there have been several mergers and acquisitions by existing players and the entry of new domestic and foreign strategic investors into the sector,” CBK stated.

“The recent increase in the Business Laws (Amendment) Act, 2024, of the minimum core capital requirements for commercial banks to KSh10 billion will further reinforce the strengthening of the banking sector,” it added.

Following the lifting of the moratorium, new entrants to the Kenyan banking sector will be required to demonstrate that they can meet the enhanced minimum capital requirements of KSh10 billion.

CBK revealed that with the window opened for new entrants into the industry, more Kenyans will be able to access a wider range of banking products that will contribute significantly to meeting the country’s development needs.

“Stronger and more resilient banks will be able to navigate the growing risks in the global, regional, and domestic arenas. Additionally, they will be able to support large-scale financing needs to meet Kenya’s development aspirations,” it added.

Tags: Central Bank of Kenya (CBK)
ShareTweetSend
Previous Post

Transfer: Juventus Keen On Osimhen, Lookman

Next Post

Gabon Football Star Dies After Falling From Building

Related Posts

South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

South Africa Records 0.8% Growth In Q2 2025

September 11, 2025
Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

September 10, 2025

UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

Junk Food: One In 10 Kids Obese Worldwide – UN Report 

Court Jails 7 Chinese Nationals Over Abduction, Forced Labour In South Africa

France Gets New Prime Minister After Bayrou’s Resignation

Next Post
Gabon Football Star Dies After Falling From Building

Gabon Football Star Dies After Falling From Building

MWC Kigali MWC Kigali MWC Kigali
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

South Africa Records 0.8% Growth In Q2 2025

September 11, 2025
Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

September 10, 2025
UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

September 10, 2025
Junk Food: One In 10 Kids Obese Worldwide – UN Report 

Junk Food: One In 10 Kids Obese Worldwide – UN Report 

September 10, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

South Africa Records 0.8% Growth In Q2 2025

September 11, 2025

Trump’s Ally, Kirk Dies From Gunshot Injury At Utah Rally

September 10, 2025

UK Urged To Arrest Israeli President Over Alleged Genocide In Gaza 

September 10, 2025

Junk Food: One In 10 Kids Obese Worldwide – UN Report 

September 10, 2025

Court Jails 7 Chinese Nationals Over Abduction, Forced Labour In South Africa

September 10, 2025

France Gets New Prime Minister After Bayrou’s Resignation

September 10, 2025

Illegal Migration: Children Among Dead As Migrant Crossings Soar Past 30,000 In UK

September 10, 2025

Trump Not Attending G20 Summit Taking Place First Time In Africa — White House

September 9, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

One Year of Transformative Stewardship: Walson-Jack’s Innovative Impact on Nigeria’s Civil Service

Africa’s Largest Tech Event, MWC25 Kigali, Returns With Focus On Innovation, Policy

Nadine Djuiko: Meet The Cameroonian Woman Behind Maryland’s Million-Dollar Braiding Empire

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In