Kenya
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.
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…