Central bank of kenya governors
Cbk governor defends kenya’s increased borrowing during
On Wednesday, September 14, 2016, the Central Bank of Kenya celebrated 50 years of life and service to the country at a colorful Epic event held at the Nairobi National Museum. His Excellency President Hon. Uhuru Kenyatta officiated at the ceremony, which included the opening of a Numismatic Museum. Governors and Deputy Governors from the region and around the world, former Central Bank Governors, financial sector stakeholders, development partners, and other foreign guests attended the gathering. Several events were held by the Central Bank in the 12 months leading up to the Epic celebration as part of its golden jubilee celebrations.
On September 13, 2016, CBK organized an international central banking symposium. This was a high-level meeting that brought together local and foreign economists, bankers, analysts, scholars, and other stakeholders to address emerging central banking issues. More information can be found by clicking here. Photographs from the Symposium
In July 2016, the Bank launched an Internship Program to foster the creation of talent that can contribute to Kenya’s banking and financial sector’s continued growth. The nine young participants will develop applicable information and skills about central bank and financial sector operations as part of the program. The program is targeted at the country’s youth, with the goal of growing financial literacy and creating opportunities for target candidates to gain relevant experience.
Central bank of kenya governor patrick njoroge gives
On a secondment from the International Monetary Fund, Dr. Baranski was elected the first Governor in May 1966. (IMF). During his one-year term, the CBK started to bring the CBK Act into effect, taking over responsibility for monetary policy and managing the country’s external assets in order to help the developing banking sector. In addition, the CBK began designing and issuing new currency notes and coins, as well as providing banking services to the government and commercial banks and managing foreign exchange and exchange control operations.
Mr. Micah Cheserem became Governor in July 1993, at a time when the economy was facing severe challenges such as high inflation and interest rates, low reserves, and a volatile exchange rate. The CBK took decisive measures to restore financial sector stability, including amending the Central Bank of Kenya Act, 1996, granting the CBK operational autonomy in monetary policy actions, and making market stability one of the CBK’s primary objectives. With the automation of the Nairobi Clearing House in 1998, the CBK took the first steps toward modernizing the National Payments Systems.
Cbk governor post mpc briefing march 2020
Kenya’s monetary authority is the Central Bank of Kenya (CBK) (Swahili: Banki Kuu ya Kenya). Nairobi is home to the company’s headquarters. After the dissolution of the East African Currency Board in 1966, CBK was created (EACB). CBK’s new Governor is Dr. Patrick Ngugi Njoroge, and the Deputy Governor is Sheila M’Mbijjewe.
The governor, deputy governors, and heads of departments make up the bank’s executive management team. The governor takes over as the bank’s Chief Executive Officer and is therefore in charge of its overall management. The bank’s official spokesperson is also the governor.
Kenya central bank governor governor wins admiration for
Mrs Sheila M’Mbijjewe MBS, ACCA (UK) has been reappointed as the Central Bank’s Deputy Governor, effective June 18, 2019. She is a Chartered Accountant in England and Wales and has a BA in Accounts and Finance.
Mrs. M’Mbijjewe has a background in accounting and auditing. She held senior positions in the banking industry and was Kenya’s first female executive director of a publicly traded commercial bank. She has worked on the boards of the Capital Markets Regulator, the Nairobi Stock Exchange, the Old Mutual Insurance Company of Kenya, the Financial Reporting Centre of Kenya, Pricewaterhouse Coopers Kenya, and Deloitte Touché Kenya, among others.
Mrs M’Mbijjewe was a founding member of Kenya’s Monetary Policy Committee and the Advisory Committee on the Crime and Anti-Money Laundering Act. She received the Moran of the Burning Spear (MBS), a Presidential award, in 2008 for her service to her country.