Kenya’s Central Bank (CBK) signed a Sh14.2 billion ($109.4 million) deal with Giesecke+Devrient from Germany. This five-year deal will replace old notes and prevent shortages. CBK Governor Kamau Thugge told the Finance and National Planning Committee that the German firm replaces De La Rue. He said the selection was confidential due to risks of shortages […]
The Kenyan currency notes have undergone major modifications by the Central Bank of Kenya (CBK) to uphold the requirements outlined in the Constitution. The adjustments will impact Ksh.50, Ksh.100, Ksh.200, Ksh.500, and Ksh.1,000, according to a statement from CBK. They made it clear that the modifications are an update to the earlier ones and thus […]
Raphael Owino, is appointed as the new director-general of public debt management by the Public Service Commission (PSC). He is an experienced economist from the Central Bank of Kenya (CBK). He replaces Haron Sirima, bringing with him expertise in sustainable debt management. Amid challenges of increasing national debt and public scrutiny over fiscal policies. The […]
