The deal’s details only emerged after the National Assembly’s Finance and National Planning Committee compelled Governor Thugge to reveal the German firm’s identity and the contract’s cost to taxpayers.
The Central Bank of Kenya (CBK) has launched its annual internship program aimed at developing young talent for the banking and financial sector. The one-year program seeks to prepare recent graduates for employment opportunities by providing hands-on experience in central and commercial banking operations. According the announcement, the CBK is recruiting interns across several departments […]
The Central Bank of Kenya (CBK) has embarked on plans to release new banknotes into circulation to replace the 2019 series. The regulator says the new release will affect the Ksh 50, Ksh 100, Ksh 200, Ksh 500 and Ksh 1000 banknotes. According to CBK, the new notes will bear the signature of CBK Dr. […]
CBK has been compiling the lending rate for commercial banks since July this year.
Kenya’s central bank said on Monday that it had authorised JPMorgan Chase to establish a representative office in the East African country. Representative offices of foreign banks in Kenya serve as marketing and liaison hubs for their parent banks and affiliates, the Central Bank of Kenya said in a statement. CBK announced in a statement that […]
Four years prior to competing for the Kenyan tender, the family-owned German company had been caught up in a scandal back at home.
The Public Service Commission (PSC) has shortlisted six candidates for the position of the Central Bank of Kenya (CBK) deputy governor. In a statement on Thursday, September 26, 2024, PSC indicated that the six were among other candidates who applied to fill the position of the second deputy governor of CBK following an advertisement made […]
Parliament has summoned Central Bank of Kenya Governor Kamau Thugge to provide details about a contract signed with an undisclosed German firm to print the country’s new banknotes. The awarding of the tender to the German company was announced yesterday by the CBK governor, but details regarding the firm’s name, the tendering process, and the […]
Documents tabled by the prosecution in the court indicate that the firm, 51 Capital owned by controversial businessman with a criminal past Joe Kariuki used fake documents in almost all its transactions that saw it being paid Sh 206.2 million in a deal that has left farmers with heavy losses.
Dr Thugge says the Kenya shilling is now trading at 130, and the regulator expects the local currency to continue with its value correction in the coming weeks.
Questions surround the delay in the appointment of the second deputy governor of the Central Bank of Kenya (CBK) as required by law following the appointment of Susan Koech on March 10, 2023. Adding to the controversy, the Auditor-General Nancy Gathungu has also raised a red flag over the delay in appointment of the occupant […]
Former Family Bank Chief Commercial Officer Kenneth Kaniu has asked the High Court to award him Sh717 million, claiming the lender ruined his career after allegedly authoring a damning report before kicking him out. In his case before Justice Lawrence Mugambi, Kaniu narrates that he was hired by the lender on December 24, 2021, following a […]
Central Bank of Kenya (CBK) has been barred from interfering with operations of software firm Our Open Market Ltd which runs payments services for Mobile Pay Limited (MPL) commonly known as Tangaza. In a Tuesday High Court ruling, Lady Justice Janet Mulwa instructed lawyers representing CBK and MPL owners to file their respective submissions before […]
