The Central Bank of Kenya (CBK) has proposed a new pricing framework that would anchor all bank lending rates to the Central Bank Rate (CBR). This marks a major policy shift away from the Risk-Based Credit Pricing Model (RBCPM), introduced in 2019 to improve transparency and fairness in credit markets. CBK argues that using CBR as the base rate will strengthen monetary policy transmission and promote consistency in credit pricing across the banking sector.The ongoing consultative process, in which the Kenya Bankers Association (KBA) has instead proposed a base rate derived from the two-month average of the overnight interbank rate,…
Author: Harry
Jubilee Health Insurance (JHIL), a subsidiary of listed financial services company Jubilee Holdings, doubled its net profit to KSh 910 million in 2024, up from KSh 438 million in 2023. The company also grew its pre-tax profit by 142% to KSh 1.22 billion, powered by digital transformation and customer-first strategies.It attributes its success to operational efficiency, customer-focused programs, and bold investments in digital health platforms.The company’s total equity has risen to KSh 5.1 billion. “This performance is a reflection of our purpose-driven culture and our promise to walk with every Kenyan on their healthcare journey. We continue to invest in…