NAIROBI (Reuters) - Kenya's central bank governor said on Thursday that bank officials did not see much effect on the exchange rate from U.S. President Donald Trump's foreign aid freeze. In late January, Trump placed a pause on most foreign development assistance pe...
NAIRBI, April 10 (Xinhua) -- The governor of Kenya's central bank said on Tuesday that interest rates are likely to drop further following a fall in the cost of living and expected stability of food prices because of the ongoing rains. "Looking ahead, the numbers are good. Food inflation...
Kenyan President William Ruto has nominated ex-IMF senior economist Kamau Thugge as the next governor of the Central Bank of Kenya.
NAIROBI, March 20 (Xinhua) -- Kenya's Central Bank on Friday released 7.4 billion shillings (about 70 million U.S. dollars)to boost government's efforts to contain coronavirus. The bank's governor Patrick Njoroge said the money was gained from a demonetization exercise carried out from June...
Ondari, Justus
Patrick Njoroge, the Governor, Central Bank of Kenya (CBK), said he should be jailed if he agrees to convert Kenya’s reserves to bitcoin. He added that the keys to the Kamiti prison cell should be thrown away. He said this whileaddressingnewly elected members of Kenya’s legislature...
Central Bank of Kenya (CBK) Governor Kamau Thugge. Photo credit: File | Nation Media GroupBy Charles Mwaniki Business Reporter Nation Media Group The Central Bank of Kenya (CBK) has set specific fines for lenders and officials breaching rules, a shift from blanket fines for al...
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Kenya is exploring the use of central bank digital currency (CBDC) to settle cross-border payments according to the country’s Central Bank Governor Dr Patrick Njoroge. A Central bank digital currency (CBDC) is money that exists solely in electronic form, issued and regulated by the nation’s...
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