Central Bank of Kenya is ‘under attack’ – Njoroge

Kenyan governor says new regulator will threaten independence and mandate of central bank

Patrick Njoroge
Patrick Njoroge: “This is a summons to act”

The governor of the Central Bank of Kenya (CBK) has said the institution is “under attack”, after the country’s Treasury published plans to form a new regulator.

At a press conference on May 29, Patrick Njoroge criticised initial proposals to transfer some of the central bank’s responsibilities to what will be the new Financial Markets Conduct Authority (FCMA).

“There are concerns the proposals are aimed to limit the central bank’s mandate and independence,” he said. “You will have a central

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