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Kenya
Central bank takes aim at Ruto's financial reforms

President William Ruto speaks during the official opening of the 13th Parliament, in Nairobi, on 29 September 2022. © John Ochieng/Zumapress.com/MaxPPP

Worried about the reputation of Kenya's financial sector, bank governor Patrick Njoroge is against plans to raise the minimum value of private banks' reportable transactions. [...]

Published on 05/10/2022 at 06:00 GMT Reading time 2 minutes

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Finance

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Central Bank of Kenya
Cooperative Bank
Credit Reference Bureau
Diamond Trust Bank
Equity Bank
Kenya Commercial Bank
Nairobi International Financial Centre
National Youth Service
Njuguna Ndung'u
Patrick Njoroge
Standard Chartered Bank
Uhuru Kenyatta
Ukur Yatani
William Ruto

Kenya
Critically short-staffed KRA seeks urgent treasury lifeline

The Kenya Revenue Authority has been haemorrhaging employees and struggling to recruit new staff at a time when the government is raising taxes across the board.

Subscribers only Finance 09.06.2023

Kenya
Forex shortage prompts banks to restrict withdrawals

Kenya is still struggling with a shortage of foreign currency, with the shilling having fallen to a new low of 138 to the dollar.

Subscribers only Finance 01.06.2023

Kenya
Ruto targets central bank and its governor

The Central Bank of Kenya's management team looks set to undergo a major overhaul, with the president keen to keep a closer eye on its operations.

Subscribers only Politics 30.03.2023

Kenya Central Bank Governor Patrick Njoroge.

Kenya
Crypto champions seek second wind in Kenya

Weakened by the collapse of the giant FTX, e-currency trading platforms are hoping for a better reception in Kenya, which has been hit by a shortage of dollars and a decline in the shilling.

Free access Finance 01.03.2023

Kenya
Ruto's dilemma: austerity vs recovery

Some in the president's entourage are having a hard time implementing his spending cuts and worry they jeopardise the key objectives of his presidency. William Ruto has already had to backtrack on his promise to forgo international funding.

Subscribers only Finance, Politics 06.12.2022

Kenya
The Ruto allies who might take reins of central bank

Should, as our sources intimate, the governorship of the Central Bank of Kenya (CBK) fall vacant ahead of schedule, it could well go to an economist close to William Ruto. Such an appointment would help the president seal his political alliances.

Subscribers only Finance, Politics 15.11.2022

Kenya, Rwanda
Finance central to Ruto-Kagame rapprochement

A delegation of Kenyan financiers and government officials paid a discreet visit to the Rwandan capital earlier this month with a view to drawing inspiration from the two-year-old Kigali International Financial Centre. The idea is to revive Nairobi's financial attractiveness on the regional scene.

Subscribers only Finance, Diplomacy 14.11.2022

Kenyan President William Ruto (left) and his Rwandan counterpart Paul Kagame.

Spotlight | Kenya
Kenyatta's successor inherits explosive public debt headache

As its debts continue to mount up, the Kenyan government is finding it increasingly difficult to find sources of finance, even from the private sector. Kenyatta's successor, William Ruto, is preparing to take over the reins of a state with very little room for manoeuvre.

Subscribers only Politics 16.08.2022

Outgoing Kenyan president Uhuru Kenyatta.

Spotlight | Kenya
Kenyatta keen to launch eurobond ahead of presidential campaign

The Kenyan president Uhuru Kenyatta fears that the country's appeal to investors will decline in the run-up to what is expected to be a hotly disputed election. He has instructed his teams to promote a new eurobond in the world's leading financial marketplaces.

Subscribers only Politics 25.02.2022

Kenya
Central bank plans closure of Naushad Merali's former jewel Spire Bank

Spire Bank hasn't published positive results since it was sold to the Mwalimu National cooperative by its former boss Naushad Merali, the late CEO of Sameer Group who died in July. Things have become so dire that the Central Bank of Kenya is making plans to close the financial institution.

Free access Finance, Business 29.07.2021

Kenya
Haji seeks exemplary fines for banks implicated in NYS affair

According to our sources, the Director of Public Prosecutions (DPP), [...]

Subscribers only Business 12.10.2018

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Central Bank of Kenya
Cooperative Bank
Credit Reference Bureau
Diamond Trust Bank
Equity Bank
Kenya Commercial Bank
Nairobi International Financial Centre
National Youth Service
Njuguna Ndung'u
Patrick Njoroge
Standard Chartered Bank
Uhuru Kenyatta
Ukur Yatani
William Ruto

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Kenya
Central bank takes aim at Ruto's financial reforms

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Set up email notifications for these topics

Kenya
Critically short-staffed KRA seeks urgent treasury lifeline

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Ruto targets central bank and its governor

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Ruto's dilemma: austerity vs recovery

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Spotlight | Kenya
Kenyatta's successor inherits explosive public debt headache

Spotlight | Kenya
Kenyatta keen to launch eurobond ahead of presidential campaign

Kenya
Central bank plans closure of Naushad Merali's former jewel Spire Bank

Kenya
Haji seeks exemplary fines for banks implicated in NYS affair

Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Kenya Central bank takes aim at Ruto's financial reforms

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Kenya Critically short-staffed KRA seeks urgent treasury lifeline

Kenya Forex shortage prompts banks to restrict withdrawals

Kenya Ruto targets central bank and its governor

Kenya Crypto champions seek second wind in Kenya

Kenya Ruto's dilemma: austerity vs recovery

Kenya The Ruto allies who might take reins of central bank

Kenya, Rwanda Finance central to Ruto-Kagame rapprochement

Spotlight | Kenya Kenyatta's successor inherits explosive public debt headache

Spotlight | Kenya Kenyatta keen to launch eurobond ahead of presidential campaign

Kenya Central bank plans closure of Naushad Merali's former jewel Spire Bank

Kenya Haji seeks exemplary fines for banks implicated in NYS affair

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Ivory Coast
French investigation sends tremors through Abidjan's political class

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Kenya
Central bank takes aim at Ruto's financial reforms

Kenya
Critically short-staffed KRA seeks urgent treasury lifeline

Kenya
Forex shortage prompts banks to restrict withdrawals

Kenya
Ruto targets central bank and its governor

Kenya
Crypto champions seek second wind in Kenya

Kenya
Ruto's dilemma: austerity vs recovery

Kenya
The Ruto allies who might take reins of central bank

Kenya, Rwanda
Finance central to Ruto-Kagame rapprochement

Spotlight | Kenya
Kenyatta's successor inherits explosive public debt headache

Spotlight | Kenya
Kenyatta keen to launch eurobond ahead of presidential campaign

Kenya
Central bank plans closure of Naushad Merali's former jewel Spire Bank

Kenya
Haji seeks exemplary fines for banks implicated in NYS affair