The governor, therefore, used the data on the weaker competitive position compared to the regional peers to back the CBK position that the shilling was artificially propped up when regional currencies were weakening against the dollar between 2020-2022. He noted that Kenya’s ratio of exports of...
That squeezed earnings by workers, reducing the disposable income that Kenyans in that country tap to help families and dependents back in Kenya. CBK governor Patrick Njoroge, who will leave office later this month after serving a maximum eight-year term, however, sees signs of a turnaro...
CBK Governor Patrick Njoroge The Central Bank of Kenya(CBK) intends to modernize its monetary policy tools and operations in line with new economic and financial realities. According to a whitepaperthat it has published, the monetary authority intends to refine its macroeconomic modelling and forecast...
The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge, has been felicitated with the Central Banker of the Year Award (Africa) for 2018 by the Financial Times Group’s monthly publication ‘The Banker’. Mr Njoroge was recognized for his contribution in the makeover of Kenya’s fi...
The Central Bank of Kenya (CBK) has directed banks and microfinance institutions to seize dealing with payments technology firms Flutterwave and Chipper Cash. In a letter to chief executives, the regulator has directed banks to end links with the fast-growing payments unicorns ...
The Central Bank of Kenya (CBK) has frozen a push by big banks to raise the cost of loans for borrowers presenting higher credit risks, drawing protests from the lenders. The regulator had asked banks to submit new loan pricing formulas that would be the basis of setting interest rates ...
other global players, in various ways, around the introduction of Central Bank Digital Currencies. The push comes as a result of mushrooming of private cryptocurrencies and we are already feeling left out and need to create our own space,” said Central Bank of Kenya Governor Dr Patrick ...
The Central Bank of Kenya (CBK) has introduced updates to Kenyan currency notes to align with constitutional standards. The changes will affect the Kes.50, Kes.100, Kes.200, Kes.500, and Kes.1,000 notes. CBK clarified that these new notes will circulate alongside the existing ones. ...
The Central Bank of Kenya(CBK) has invited investors to bid for KSh 60 Billion worth of Treasury Bonds. The proceeds will be used for budgetary support. All bids must be submitted to any branch of CBK, Treasury Mobile Direct (TMD) or CBK internet Banking by 2.00 p.m on Tuesday, 21st ...
Patrick Njoroge’s tenure as the Central Bank of Kenya (CBK) governor comes to an end in June and already a search for his replacement has kicked off.