Central Bank of Kenya
Data services: Vizor Software
The Irish tech company has rolled out major updates to pave the way for more agile supervision as its scalable system won major repeat business with Sama and the Bank of England
Central Bank of Kenya intervenes amid coin confusion
No limits on coin distribution, central bank says, following reports initial caps remain in place
People: Kenyan and Samoan governors named to UN digital task force
Kenya’s Njoroge and Samoa’s Ainuu-Enari to investigate digital impact on financial inclusion
Africa at risk from faster policy normalisation – Kenya’s Nyaoga
Higher interest rates could threaten portfolio inflows for a region struggling with price rises
Kenyan central bank gets green light on banknotes from court
Court of Appeals rules in favour of central bank on tumultuous banknote tender, clearing the way for De La Rue
Kenyan central bank reports big increase in banks breaching regulations
Governor calls for banks to consider their “long-term impact on society”
Kenyan central bank toughens cyber security standards
Regulator issues minimum standards for cyber security for payment system providers
Kenyan banks forced to reveal hidden loan fees
Kenya’s central bank begins effort to repeal interest rate cap
Kenya’s central bank cuts rates in bid to boost economic output
Growth remains strong, but economic output was below potential, Njoroge says
Central Bank of Kenya is ‘under attack’ – Njoroge
Kenyan governor says new regulator will threaten independence and mandate of central bank
Kenya’s Chase Bank finally acquired
After two years in receivership, Mauritius’s SBM acquired 75% of deposits with the remaining 25% remaining with Chase Bank
Kenyan central bank condemns interest rate cap legislation
Rules introduced in 2016 have restricted access to credit for small firms and impaired the central bank’s ability to conduct monetary policy
IMF advises rollback of Kenyan interest rate caps
Latest review finds caps have undermined the effectiveness of monetary policy and restricted credit access; Kenyan authorities ask for six-month programme extension
IMF official backtracks on Kenya funding comments
Mikkelsen says Kenya has continued to have access to IMF resources “subject to policy understandings”
Three men arrested for fraud at Kenya’s central bank
Men charged with 11 counts of fraud attempted to present $6.25 million in counterfeit Treasury bills
Kenya not yet ready for more accommodative policy – Njoroge
Central Bank of Kenya leaves rates on hold despite well-anchored inflation and greater optimism; policymakers will continue to monitor interest rate cap impact
Central Bank of Kenya to challenge banknote tender nullification
Central bank to challenge ruling which revokes De La Rue’s tender win following claims of favouritism
Patrick Njoroge on reshaping banking and finance to work for the masses
The Central Bank of Kenya governor speaks to Christopher Jeffery and Rachael King about exchange rate intervention, food prices, banking reform and financial inclusion
People: Deputies appointed in Hong Kong and Oman
HKMA picks deputy chief executive and new director; Oman appoints vice-president; Central Bank of Kenya has new comms chief
Kenya’s digital transformation
The use of innovative digital financial services has transformed financial inclusion in Kenya, writes the chairman of the Central Bank of Kenya
Investors should not be concerned about revote – Kenya’s Njoroge
Central Bank of Kenya governor is confident whoever wins presidential revote will pursue market-based policies
Kenya’s central bank issues new cyber security guidelines
Banks will have to report breaches within 24 hours with senior management taking on a greater role
Debate over Kenya’s growth potential continues – Njoroge
Private sector sees macroeconomic stability and infrastructure funding aiding growth in the long term, while banks are concerned about elections and a decrease in credit growth
Income inequality should be a concern for central banks – IMF panel
IMF panel debates impact of unconventional monetary policy on income inequality, concluding institutions should be more aware of policy effects on income disparities despite no specific mandate