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The Central Bank of Kenya (CBK) (Swahili: Banki Kuu ya Kenya) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Kamau Thugge, CBS is the current Governor and Dr. Susan Koech is the Deputy Governor.
Central Bank of Kenya Kamau Thugge (born 1st August, 1957) is a Kenyan economist, banker, and the tenth and current governor of the Central Bank of Kenya . He assumed office on 19 June 2023.
The Central Bank of Kenya issued notes in denominations of 5/=, 10/=, 20/=, 50/= and 100/=. All of the notes feature a portrait of Kenya's first prime minister and president, Jomo Kenyatta, on the front and diverse economic activities on the back. [9] 5/= notes were replaced by coins in 1985, with the same happening to 10/= and 20/= in 1994 and ...
(Bloomberg) -- Kenya is expected to buck the trend of monetary policy tightening among emerging markets, even as pressure mounts for it to hike its benchmark interest rate. Most Read from ...
(Bloomberg) -- Differing inflation trajectories in Kenya and Zambia will likely see their central banks take divergent paths when they make their final interest-rate decisions of the year on ...
Corruption is a major problem in Kenya. In 2010 Kenya ranked 154th (out of 178) on the International Corruption Index. [1] Political riots such as during elections in year 2007, which led to violence and economic disturbance. As a result of this political risk, the Portfolio at Risk rate increased during the riots during the elections in 2007. [2]
KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya , the national banking regulator. [ 3 ] The bank has also been running Agency banking model .
On 13 October 2015 the Central Bank of Kenya under his leadership placed Imperial Bank into receivership. [8] In November 2018, United Nations Secretary General António Guterres appointed Njoroge to the United Nations Task Force on Digital Financing of Sustainable Development Goals , co-chaired by Maria Ramos and Achim Steiner .