Tag Archives: Central Bank of Kenya

Kenya has introduced new banking policies. An economist weighs them up Nairobi, Kenya | AGENCIES | The Central Bank of Kenya has made two significant changes in the country’s banking sector. The first is to lift a decade-long moratorium on licensing new banks. Second is to raise capital requirements, the amount of money …

NAIROBI, Kenya | Xinhua | The Kenya shilling strengthened against the U.S. dollar Friday to close the week at the 130 mark, the strongest level in about a year. The Central Bank of Kenya (CBK) quoted the local unit at 130.7 shillings against the dollar Friday, as the local currency …

NAIROBI, KENYA | Xinhua | The Kenyan shilling strengthened against major world currencies, hitting a nine-month high against the U.S. dollar Wednesday. The Central Bank of Kenya placed the shilling against the dollar at 138.8, its highest level since the currency started to decline in June last year. The shilling …

NAIROBI, KENYA | Xinhua | The Kenyan shilling traded at a new low of 161.4 against the U.S. dollar on Tuesday, the Central Bank of Kenya (CBK) said on Tuesday, as it continued with its free fall against major global currencies. The local currency crossed the psychological 160 mark against …

Kampala, Uganda | THE INDEPENDENT | Banks in Uganda and other currency traders are awaiting directions on how they can proceed to trade Kenyan new currency notes. Kenya’s old 1,000 note stopped being legal tender on Monday 30 September 2019 and anyone who has it around the world will not …

Kampala, Uganda | Julius Businge | The Bank of Uganda Governor Emmanuel Tumusiime Mutebile has advised the general public to take note of the changes made by the Central Bank of Kenya on its currencies. In a media release circulated on June 12, Mutebile urged the public to be vigilant when transacting …