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) is “actively considering” adding gold to its foreign exchange reserves as part of a strategy to diversify beyond the US dollar and other currencies, according to Governor Kamau Thugge. Speaking on the sidelines of the International Monetary Fund and World Bank Spring Meetings in Washington DC, Governor Thugge revealed […]
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 […]
