{"id":53906,"date":"2025-04-16T18:15:17","date_gmt":"2025-04-16T18:15:17","guid":{"rendered":"https:\/\/new.igihe.com\/kenya-lifts-ban-on-licensing-new-commercial-banks\/"},"modified":"2025-04-16T18:13:54","modified_gmt":"2025-04-16T18:13:54","slug":"kenya-lifts-ban-on-licensing-new-commercial-banks","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/kenya-lifts-ban-on-licensing-new-commercial-banks\/","title":{"rendered":"Kenya lifts ban on licensing new commercial banks"},"content":{"rendered":"<p>The apex bank said in a statement issued in the Kenyan capital of Nairobi that the ban, which has been in place since November 2015, was imposed against the backdrop of operational challenges in the sector.<\/p>\n<p>&#8220;It was intended to provide space for the strengthening of the Kenyan banking sector. Since then, significant strides have been made in strengthening the legal framework for Kenya&#8217;s banking sector,&#8221; the CBK said.<\/p>\n<p>Since the moratorium was placed, there have been about 10 mergers and acquisitions by existing players and the entry of foreign strategic investors.<\/p>\n<p>The CBK said its recent increase in minimum core capital requirement for commercial banks to 10 billion Kenyan shillings (about 77.2 million U.S. dollars) will further strengthen the sector.<\/p>\n<p>It added that stronger and more resilient banks will be able to navigate the growing risks in global, regional, and domestic arenas, and support large-scale financing needs to meet Kenya&#8217;s development operations.<\/p>\n<figure class=\"spip-document spip-document-85813 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/woouoizqgrnuflzvx6tqhonpmm.jpg\" alt=\"The Central Bank of Kenya (CBK) said on Wednesday that it has lifted a nearly decade-long ban on the establishment of new commercial banks in the East African country, effective July 1.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Kenya (CBK) said on Wednesday that it has lifted a nearly decade-long ban on the establishment of new commercial banks in the East African country, effective July 1.<\/p>\n","protected":false},"author":131,"featured_media":2000085814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[235],"hashtag":[],"class_list":["post-53906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-xinhua"],"bylines":[{"id":235,"name":"Xinhua","slug":"xinhua","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":80}],"contributors":[{"id":235,"name":"Xinhua","slug":"xinhua","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":80}],"featured_image":{"id":2000085814,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/woouoizqgrnuflzvx6tqhonpmm.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/woouoizqgrnuflzvx6tqhonpmm.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/woouoizqgrnuflzvx6tqhonpmm.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/woouoizqgrnuflzvx6tqhonpmm.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/woouoizqgrnuflzvx6tqhonpmm.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/woouoizqgrnuflzvx6tqhonpmm.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=53906"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000085814"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=53906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=53906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=53906"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=53906"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=53906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}