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    New initiative empowers women farmers with access to finance

    New initiative empowers women farmers with access to finance

    Kenya Breweries Launches a new Alcoholic brand in Kenya

    Kenya Breweries Launches a new Alcoholic brand in Kenya

    High Court okays completion of Ksh.600m Infrastructure Projects

    High Court okays completion of Ksh.600m Infrastructure Projects

    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    KenGen awarded for gender mainstreaming and women empowerment in the workplace

    KenGen awarded for gender mainstreaming and women empowerment in the workplace

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    Government to collect rent from commercial and residential houses

    Government to collect rent from commercial and residential houses

    OPINION: Why Europe wants Africa to end crop protection in case science one day shows it’s harmful

    OPINION: Why Europe wants Africa to end crop protection in case science one day shows it’s harmful

  • Markets
    Kenya Breweries Launches a new Alcoholic brand in Kenya

    Kenya Breweries Launches a new Alcoholic brand in Kenya

    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    World Animal Protection calls for an End to wildlife trade

    World Animal Protection calls for an End to wildlife trade

  • Real Estate
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

    New Construction Technology to help NHC deliver affordable homes

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

  • Tech
    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    TikTok releases H2 2020 Global Transparency Report

    TikTok releases H2 2020 Global Transparency Report

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

  • World Business
    1ST Commonwealth women’s Entrepreneurship Summit launched

    1ST Commonwealth women’s Entrepreneurship Summit launched

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    World Engineering Day to Be Celebrated in Kenya

    World Engineering Day to Be Celebrated in Kenya

    How NASA Technology Can Help Save The World’s Largest Shark

    How NASA Technology Can Help Save The World’s Largest Shark

    After fight with US Authorities Huawei CEO now want talks with Biden

    After fight with US Authorities Huawei CEO now want talks with Biden

    Ford Vehicles to be powered by Android and Google apps in new deal

    Ford Vehicles to be powered by Android and Google apps in new deal

    Columbia Africa banks on primary and preventive healthcare to grow market share

    Columbia Africa banks on primary and preventive healthcare to grow market share

    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

    Meet the founder of Safari Doctors Umra Omar

    Meet the founder of Safari Doctors Umra Omar

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    New initiative empowers women farmers with access to finance

    New initiative empowers women farmers with access to finance

    High Court okays completion of Ksh.600m Infrastructure Projects

    High Court okays completion of Ksh.600m Infrastructure Projects

    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Struggling retailer Tuskys closes three more branches permanently

    Tuskys CEO Dan Githua resigned months ago

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    1ST Commonwealth women’s Entrepreneurship Summit launched

    1ST Commonwealth women’s Entrepreneurship Summit launched

    Government to collect rent from commercial and residential houses

    Government to collect rent from commercial and residential houses

    ACCA calls for a more inclusive approach to economic recovery

    ACCA calls for a more inclusive approach to economic recovery

    • Agribusiness
    • Banking
      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      Citibank establishes programme to support women owned businesses

      Citibank establishes programme to support women owned businesses

      Equity land Ksh16.5 billion loan to support MSMEs

      Equity land Ksh16.5 billion loan to support MSMEs

      Safaricom PLC Announces A 14.4 Per Cent Increase In Half-year Net Profit

      Safaricom cracks whip on rogue MPESA agents

      Bill in parliament seeks to have CBK regulate Mobile lenders

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      DTB Bank set to shut down 6 branches

      DTB Bank set to shut down 6 branches

      Secure your future by saving with Metropolitan National Sacco

      Housing Finance launches new money transfer service

      Housing Finance launches new money transfer service

    • Insurance
      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      AAR Insurance embrace paperless model with new mobile app

      AAR Insurance embrace paperless model with new mobile app

      Minet feted Insurance Broker of the Year

      Minet feted Insurance Broker of the Year

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

      ICEA Lion Life appoints a new CEO

      ICEA Lion Life appoints a new CEO

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      Exposed: Insurance Company on The Spot for Fruatrating clients

      Octagon feted in 2020 World Pension Summit Innovation Awards

      Octagon feted in 2020 World Pension Summit Innovation Awards

    • Manufacturing
    • Opinion
      Opinion: Now is The Time to Redeem the Nursing Profession

      Opinion: Now is The Time to Redeem the Nursing Profession

      IoT predictions for 2021: Smarter tech will make better business

      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

      Digital Services Tax a desperate move caused by bad governance

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      Why Digital Services Tax is a retrogressive policy

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      How Citizen TV Became The Most Watched in Kenya

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      OPINION: Conserve Nature Even as you Work to Achieve SDGs

Kenyan Business Feed
  • Home
  • News
    New initiative empowers women farmers with access to finance

    New initiative empowers women farmers with access to finance

    Kenya Breweries Launches a new Alcoholic brand in Kenya

    Kenya Breweries Launches a new Alcoholic brand in Kenya

    High Court okays completion of Ksh.600m Infrastructure Projects

    High Court okays completion of Ksh.600m Infrastructure Projects

    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    KenGen awarded for gender mainstreaming and women empowerment in the workplace

    KenGen awarded for gender mainstreaming and women empowerment in the workplace

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    Government to collect rent from commercial and residential houses

    Government to collect rent from commercial and residential houses

    OPINION: Why Europe wants Africa to end crop protection in case science one day shows it’s harmful

    OPINION: Why Europe wants Africa to end crop protection in case science one day shows it’s harmful

  • Markets
    Kenya Breweries Launches a new Alcoholic brand in Kenya

    Kenya Breweries Launches a new Alcoholic brand in Kenya

    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    World Animal Protection calls for an End to wildlife trade

    World Animal Protection calls for an End to wildlife trade

  • Real Estate
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

    New Construction Technology to help NHC deliver affordable homes

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

  • Tech
    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    TikTok releases H2 2020 Global Transparency Report

    TikTok releases H2 2020 Global Transparency Report

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

  • World Business
    1ST Commonwealth women’s Entrepreneurship Summit launched

    1ST Commonwealth women’s Entrepreneurship Summit launched

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    World Engineering Day to Be Celebrated in Kenya

    World Engineering Day to Be Celebrated in Kenya

    How NASA Technology Can Help Save The World’s Largest Shark

    How NASA Technology Can Help Save The World’s Largest Shark

    After fight with US Authorities Huawei CEO now want talks with Biden

    After fight with US Authorities Huawei CEO now want talks with Biden

    Ford Vehicles to be powered by Android and Google apps in new deal

    Ford Vehicles to be powered by Android and Google apps in new deal

    Columbia Africa banks on primary and preventive healthcare to grow market share

    Columbia Africa banks on primary and preventive healthcare to grow market share

    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

    Meet the founder of Safari Doctors Umra Omar

    Meet the founder of Safari Doctors Umra Omar

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    New initiative empowers women farmers with access to finance

    New initiative empowers women farmers with access to finance

    High Court okays completion of Ksh.600m Infrastructure Projects

    High Court okays completion of Ksh.600m Infrastructure Projects

    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Struggling retailer Tuskys closes three more branches permanently

    Tuskys CEO Dan Githua resigned months ago

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    1ST Commonwealth women’s Entrepreneurship Summit launched

    1ST Commonwealth women’s Entrepreneurship Summit launched

    Government to collect rent from commercial and residential houses

    Government to collect rent from commercial and residential houses

    ACCA calls for a more inclusive approach to economic recovery

    ACCA calls for a more inclusive approach to economic recovery

    • Agribusiness
    • Banking
      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      Citibank establishes programme to support women owned businesses

      Citibank establishes programme to support women owned businesses

      Equity land Ksh16.5 billion loan to support MSMEs

      Equity land Ksh16.5 billion loan to support MSMEs

      Safaricom PLC Announces A 14.4 Per Cent Increase In Half-year Net Profit

      Safaricom cracks whip on rogue MPESA agents

      Bill in parliament seeks to have CBK regulate Mobile lenders

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      DTB Bank set to shut down 6 branches

      DTB Bank set to shut down 6 branches

      Secure your future by saving with Metropolitan National Sacco

      Housing Finance launches new money transfer service

      Housing Finance launches new money transfer service

    • Insurance
      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      AAR Insurance embrace paperless model with new mobile app

      AAR Insurance embrace paperless model with new mobile app

      Minet feted Insurance Broker of the Year

      Minet feted Insurance Broker of the Year

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

      ICEA Lion Life appoints a new CEO

      ICEA Lion Life appoints a new CEO

      Exposed: Insurance Company on The Spot for Fruatrating clients

      Exposed: Insurance Company on The Spot for Fruatrating clients

      Octagon feted in 2020 World Pension Summit Innovation Awards

      Octagon feted in 2020 World Pension Summit Innovation Awards

    • Manufacturing
    • Opinion
      Opinion: Now is The Time to Redeem the Nursing Profession

      Opinion: Now is The Time to Redeem the Nursing Profession

      IoT predictions for 2021: Smarter tech will make better business

      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

      Digital Services Tax a desperate move caused by bad governance

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      Why Digital Services Tax is a retrogressive policy

      Why Digital Services Tax is a retrogressive policy

      How Citizen TV Became The Most Watched in Kenya

      How Citizen TV Became The Most Watched in Kenya

      This is the new Safaricom logo

      Fail or win? Mixed Reactions over Safaricom’s new logo

      After fuliza, Safaricom introduces another way to borrow money

      OPINION: Why Safaricom’s Fuliza is a rip off!

      OPINION: Conserve Nature Even as you Work to Achieve SDGs

      OPINION: Conserve Nature Even as you Work to Achieve SDGs

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Home KBF Opinion

Kenyans holding more than Sh5m to contact CBK for new currency – VIDEO

by kbf
June 6, 2019
in Opinion, Real Estate, Tech, World
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Kenyans holding more than Sh5m to contact CBK for new currency – VIDEO

Monday, June 3, 2019 14:57


By JOHN MUTUA

Kenyans holding more than Sh5million in cash will be required to contact the Central Bank of Kenya (CBK) in order to get the new Sh1000 notes.

“People who want to exchange amounts above Sh5 million will need to contact the CBK. We have, however, analysed these and found that these are very few,” CBK posted on their official Twitter account on Monday.

The CBK also said that people holding amounts between Sh1m and Sh5m will need to go to their own banks while those who do not have bank accounts will need to contact the CBK to endorse the exchange.

For Kenyans who have less than a million and have bank accounts, the CBK said they can exchange old notes at their bank branches. Those “without bank accounts can exchange at any branch of any bank, or even at the CBK. They will need to have official identification,” CBK said.

CBK gazetted the new notes that also include the Sh50, Sh100, Sh200 and Sh500 were published in the Kenya Gazette Notice of May 31 with President Uhuru Kenyatta unveiling them during the Madaraka Day celebrations in Narok on Saturday.

The new notes are meant to curb the flow of illicit finances and deal with counterfeit currencies with Governor adding that the new bills have advanced security features to reduce the possibility of counterfeiting.

The new notes are already in circulation and will be available in all banks and micro-financiers in coming days to avert any possibility of a cash crunch for Kenya’s biggest single currency note.

Kenyans have until October 1 to change all their Sh1000 notes in their possession upon which they will becomes invalid.

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CBK said that there are 217.6 million pieces of the Sh1000 note currently in circulation amounting to Sh21.7billion.

The new notes that were gazetted last Friday are meant to curb the flow of illicit finances and deal with counterfeit currencies with Governor adding that the new bills have advanced security features to reduce the possibility of counterfeiting.

The move that was gazetted last Friday has already drawn opposition from a section of leaders and the human rights activists.
Senator James Orengo said that the new notes bear the portrait of the late President Jomo Kenyatta contrary to legal provisions that bar the use of human faces in new bills setting the stage for battles before the courts.

“Some claim we have no right to withdraw the current but we will have that moment in court, we have always had that right and used it in the past. This is part of the normal operations and currency management that we (CBK) have complete independence,” Governor Njoroge said.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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