Kenya could quadruple central bank capital

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The Central Bank of Kenya could receive an injection of $170 million from the government if a new bill designed to hand the central bank greater independence is adopted by the national assembly.

The central bank has, at present, five billion shillings ($57 million) in authorised capital. Under the proposed Central Bank of Kenya Act 2014, this would quadruple to 20 billion shillings.

Recapitalisation can be a sensitive issue. Both the Bank of Uganda and the Bank of Mauritius were made to wait for

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