Central Banking

Kenyan parliament passes new payments regulation law


Njuguna Ndung'u, governor of the Central Bank of Kenya, said at the end of November that 2011 had in "many ways" been challenging for the country.

Speaking at the Kenya Institute of Bankers' Annual Dinner in Nairobi, the governor said the Kenyan economy had been hit by a series of global and domestic shocks. Despite these, Ndung'u relayed relatively positive news about developments in the country. Growth was up moderately from 2010 and the banking industry performance had "surpassed expectations

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