Kenya
Basel II needs risk culture to work - Kenyan chief
Njuguna Ndung'u, the governor of the Central Bank of Kenya, said that east African commercial banks need to adopt sound risk management practices before the region's central banks can implement the Basel II accord.
Kenya raises rates as inflation rises by a quarter
The Central Bank of Kenya looked to combat mounting inflation on Wednesday with a twenty five basis point increase to its central bank rate.
Kenya's central bank cuts key rate to 8.5%
The Central Bank of Kenya cut one of its key interest rates to 8.5 from 10% in an attempt move it further in line with other policy rates.
Uganda's Opiokello on risk management
In the speech 'Business continuity and risk management regional workshop in Uganda' given on 5 February David Opiokello of the Bank of Uganda said regional efforts towards a common monetary and political union of the countries in the region continue.
New governor says CBK not to follow IMF blindly
Kenya's newly appointed central bank governor said Wednesday 7 March that the institution should develop partnerships rather than blindly follow the IMF and World Bank.
Challenges new CBK governor must tackle
According to this editorial published Friday 2 March by The Nation, as he takes office the new governor of the Central Bank of Kenya will be well aware of the circumstances that led to the exit of his predecessor.
Kenya names new head of central bank
Economics professor and think-tank director Njuguna Ndung'u was named as the new head of the Central Bank of Kenya on Thursday 1 March to replace the former governor who was suspended.
CBK says economy to grow 6%
The Central Bank of Kenya said Thursday 18 January in its monthly report that the economy grew at the rate of 5.8 per cent last year and will grow at 6 per cent this year.
IMF paper on Kenya's monetary policy
The IMF Working Paper "A VAR analysis of Kenya's monetary policy transmission mechanism: How does the central bank's REPO rate affect the economy?" examines the impact of a monetary policy shock on output, prices, and the nominal effective exchange rate…
Central Bank of Kenya - Annual Report 2006
According to the Central Bank of Kenya's Annual Report 2006, the economy grew by 5.8 percent in 2005 compared with 4.9 percent in 2004.
Keeping faith in CBK's supervisory obligation
According to this article published Tuesday 7 November by the Kenya Times, a logical move by the Central Bank of Kenya to shut down the country's twenty or so banks affected by bad debts would have had dire implications for the economy.
Kenya launches automated trading systems of NSE
President Mwai Kibaki of Kenya has said the automation of the trading system will create more confidence in the country's capital markets and enable the government and the private sector to access long-term financial resources.
Autonomous eye should watch over MFIs, banks
According to this article from The East African Standard, published Tuesday 26 September, although the Central Bank of Kenya will get new regulatory and supervisory powers under the Micro-Finance Bill, little things like this can slip through the cracks.
Two governors at the Central Bank of Kenya?
According to the article "Shall we end up with two 'governors' at the central bank?" published by The East African Standard on Friday 16 June, Kenya's Minister for Finance has made a significant pronouncement regarding the future management of the…
Kenya: Inside the central bank
This article published Sunday 2 April says that the fact that central bank governors always find themselves in trouble with the establishment is not surprising, not when one considers the enormous powers bestowed on the office.
Central Bank of Kenya - Annual Report 2005
According to the Central Bank of Kenya's Annual Report 2005, economic performance during the year improved markedly from that witnessed in recent years.
CBK's Mullei asked to leave office
Kenya's central bank governor has formally been asked to step down until a corruption case against him is decided, the government said on Thursday 30 March.
Comment: Developments in March
March was an eventful month in central banking circles. The Bank of Japan put an end to its "quantitative easing" policy and attention now turns to the timing of its first interest rate increase.
Comment: 'Impasse' over CBK governor's position
A spokesperson for the Central Bank of Kenya has told CentralBankNews that the current wrangling between the central bank and the government has reached "an impasse". The governor of the central bank, Andrew Mullei, has been charged with four counts of…
CBK's Mullei 'replaced' as governor
Central Bank of Kenya governor Dr Andrew Mullei is to be replaced temporarily at the CBK by deputy governor Mrs Jecinter Mwatela who has been appointed acting governor.
Mullei 'must vacate office' - attorney-general
Kenya's Attorney-General, Amos Wako, was quoted in a report by Kenyan Capital FM radio as saying that central bank governor Dr Andrew Mullei must vacate office pending the outcome of a case he is facing before the anti-corruption court for abuse of…
CBK governor charged with abuse of office
Central Bank of Kenya governor Dr Andrew Mullei was charged with four counts of abuse of office on Thursday 23 March.
Former CBK officials charged with fraud
A Kenyan court on Monday 20 March charged five former senior officials, including former Central Bank of Kenya (CBK) governor Eric Kotut, with fraud and theft in the east African country's biggest corruption scandal.
CBK warns illegal lenders
The Central Bank of Kenya (CBK) has issued a statement giving sham microfinance institutions until May to clean up their act or face legal action.