Kenya
CBK says it won't devalue shilling
The Central Bank of Kenya has insisted it will not intervene in the market to devalue the strengthening shilling in the face of continued pressure from agricultural exporters.
Comment: Ugandan banking takes off
A recent IMF working paper documents the vast improvements in the Ugandan banking sector in recent years, arguing that the extension of the central bank's regulatory capacity and the withdrawal of state control have resulted in efficiency gains.
Kenya committee to advise on monetary operations
The Central Bank of Kenya will benefit from expert advice on how to implement monetary policy, following the establishment of a Monetary Policy Advisory Committee on August 24.
Uncertainty over new deputy governor in Kenya
The tenure of the deputy governor of the Central Bank of Kenya was uncertain this week after Dr Edward Sambili's contract ended on April 30, but no one had been appointed to take his place.
Kenya cb suspends eight over missing notes
Eight members of staff at the central bank of Kenya (CBK), including two departmental heads, are under suspension after at least Sh10 million to-be-discarded notes were believed to have escaped the incinerator, The Nation in Nairobi reported this week.
CBK to get increased regulatory powers
Under proposed changes, the Central Bank of Kenya will have additional powers to monitor and regulate the banking industry. The ministry of finance will transfer banking licensing, regulation and disciplinary authority to the CBK, the East African…
Ex-CBK deputy governor in witness box
Former deputy Governor of the central bank of Kenya Eliphaz Riungu told the Goldenberg inquiry this week that he never opened accounts in the Indosuez Sogem Aval Ltd London branch bank for Central Bank of Kenya.
Kenya's former governor accused as party to theft
The Goldenberg inquiry has heard former Central Bank of Kenya Governor, Eric Kotut conspired with banks to defraud the bank of a massive US$247.9 million (Sh9.7 billion) in April 1993.
CBK 'made history' by posting Sh7 bn loss
The Central Bank of Kenya made a Sh7 billion loss in 1993, described by a witness on Thursday 5 February as abnormal because it was uncharacteristic of a central bank to make losses.
Kenyan inquiry hears of spying claims
The commission inquiring into the Goldenberg affair in Kenya heard testimony from a witness this week that a sophisticated intelligence system was in place at the central bank of Kenya, according to a report by The Daily Nation. The central bank's head…
Identity of Kenyan money is puzzling
Lack of standard currency design and frequent changes make it easy to fake Kenya's notes and coins, says this article in the Daily Nation, and the recent launch of new currency denominations by President Kibaki further complicates the real identity of…
IMF praises Kenya's 'new chapter'
IMF managing director Horst Kohler said Tuesday he was impressed with the Kenyan governments efforts to tackle economic problems. Kohler held talks with President Mwai Kibaki and central bank governor Andrew Mulei during the visit, Business Day reported.
Statement on IMF Managing Director visit to Kenya
Statement to the press made by Horst Kohler, Managing Director of the IMF in Nairobi, on July 8, 2003. Kohler said that while the challenges were considerable, the Kenyan government has begun to tackle them in "a decisive manner".
Kenya c bank plans Moi-portrait notes phasing out
The central bank of Kenya plans to introduce new banknotes bearing the portrait of founding President Jomo Kenyatta, according to a report on the daily Nation website.
IMF urge currency flexibility for Kenya's c bank
The IMF has apparently been encouraging the central bank of Kenya to allow the exchange rate to be more flexible than it has been in the past, according to the Daily Nation.
Central bank of Kenya to remove illegal accounts
Kenya's central bank plans to crack down on illegal accounts and secret banking services, according to a report in The Nation. The governor said the bank was fully aware of the practice and was "developing thoughts" on how to eliminate it.
Changes at the top in Kenyan central bank
Kenya's central bank has announced major changes to its senior staff job roles. Shifts include supervision, financial markets and the banking department, according to the daily Nation, Kenya.
Kenya's ex-central bank chief hits back at critics
On Wednesday CentralBankNet reported the resignation, and prompt replacement, of Kenyan central bank chief Nahashon Nyagah over the Euro Bank affair. Now a report quotes Nyagah as denouncing what he called, the "orchestrated" campaign to oust him.
Kenya president appoints new central bank governor
President Kibaki of Kenya has officially received and accepted the resignation of Nahashon Nyagah as the governor of Central Bank of Kenya (CBK). Dr Andrew Mulei has been appointed as his replacement. The CBK confirmed to CentralBankNet that Dr Mulei's…
Background on Kenya's new central bank head
FEATURE - The new Governor of the Central Bank of Kenya (CBK), Dr Andrew Mulei, is currently the Executive Director of the African Centre for Economic Growth. This feature provides some background details on the new CBK chief.
Kenyan central bank governor defends himself
The governor of Kenya's central bank has excused himself from blame in the Euro Bank case. Nahashon Nyagah said the central bank acted professionally in the case.
Report says Kanu MP's want CBK boss sacked
Apparently Kenyan MP's are calling for the removal of the central bank governor Nahashon Nyagah over his involvement in a bank collapse.
Central Bank of Kenya - Annual Report 2002
ANNUAL REPORT - The Central Bank of Kenya has published its Annual Report for the year ended 2002.
Kenyan c bank plans shift to inflation targeting
The Central Bank of Kenya (CBK) is considering a gradual shift of its monetary policy-setting regime to target inflation. The inflation targeting move represents a radical shift in its current policy-setting regime.