Nairobi, Aug. 16 -- Bank payments made through cheques for the first half of the year rose 8.29 percent, rebounding from a Covid-induced double-digit drop in a similar period last year, which saw traders and households cut visits to banking halls.
The latest Central Bank of Kenya (CBK) data show deals amounting to Sh1.23 trillion were settled via cheques between January-June 2021 compared with nearly Sh1.40 trillion a year earlier, signalling improved circulation of cash in the economy.
Despite Sh94.41 billion year-on-year growth, cheque payments in the half-year period were 4.92 percent thinner than nearly Sh1.3 trillion cleared in 2019 and the lowest since 2014.
Transactions in cheques dropped last year after public health and financia...