Legal Intelligence · Banking & Finance

Banking & Financelegal & regulatory news across Africa

Briefly tracks banking & finance developments — court rulings, legislation, gazette notices, and regulatory updates — from courts and regulators across Africa. 2 updates tracked in the past 30 days, last updated 24 Jun.

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NewsBriefly Editorial··Kenya

Kenya’s migration from Bank Specific Base Lending rates to KESONIA

The Central Bank of Kenya has replaced bank-specific internal base lending rates with the Kenya Shilling Overnight Interbank Average (KESONIA), restructuring the Risk-Based Credit Pricing Model under the Central Bank of Kenya Act (Cap 491) and the Banking Act (Cap 488) . The reform raises material questions of statutory authority, contractual variation, in duplum compliance, data-protection exposure in credit-risk scoring, and supervisory enforcement .

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