Central Bank of Kenya

Members of Kenya Monetary Policy Committee (MPC)

6th August 2019

Members of Kenya Monetary Policy Committee (MPC) According to the Central Bank of Kenya Act, “there shall be a committee of the bank to be known as the Monetary Policy Committee of Central Bank of Kenya, which shall have the responsibility within the bank of formulating monetary policy.”  Members of MPC  Central Bank Governor – […]

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The Central Bank of Kenya governor makes a courtesy call to National Treasury

1st August 2019

The Central Bank of Kenya governor makes a courtesy call to National Treasury The Central Bank of Kenya (CBK) governor has a mandate of formulating monetary policy in order to achieve price stability, issuing currency (they did this recently), supervision of banks, lender of last resort and of course representing Kenya in international monetary meetings. […]

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Alfred Keter arrested and released for alleged forgery of Treasury Bills worth Ksh 633 million

19th February 2018

Alfred Keter arrested and released for alleged forgery of Treasury Bills worth Ksh. 633 million. Alfred Keter, the current member of parliament for Nandi hills was arrest alongside two others for alleged forgery of Treasury 90 days Treasury Bills dated 1990. The bills in question were valued at Ksh. 633 million. The controversial legislator was […]

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Bank interest rates have been capped in Kenya. What next?

24th August 2016

The Banking (Amendment) Bill, 2015 was signed by President Uhuru Kenya. It will be used to cap bank lending interest rates. The banks hands will be tied in terms of how much they should charge on loans and pay depositors.   Currently, the Central Bank Rate (CBR) stands at 10.5% meaning that the banks cannot […]

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technology and banking

Check what technology has done to our banks!

5th August 2016

The Central Bank of Kenya through their report, Banking Supervision Annual Report 2015 indicated that over 700 bankers lost their jobs in 2015 due to technology. This is the ugly side of technology. After automation of routine tasks some of the jobs in the banking industry became redundant. It is anticipated that in future, banks […]

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