A Kenyan lawmaker, Caroli Omondi, has suggested a new law called the Central Bank of Kenya (Amendment) Bill 2025. This law would make it against the rules for shops and businesses with real locations to refuse cash for payments under $775. If they don’t follow this rule, they could be fined or sued.| Finance in Africa
The Central Bank of Kenya (CBK) has introduced a new framework that will overhaul how commercial banks price loans, in a bid to strengthen monetary policy and end opaque lending practices.| Finance in Africa
The Bank of Zambia kept its key lending rate unchanged at 14.5% for the second consecutive time, opting to consolidate gains against inflation.| Finance in Africa