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Kenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil

The Central Bank of Kenya appeared to rebuke the country’s new deputy president Rigathi Gachagua, after it rejected the latter’s claims the East African nation lacks enough foreign exchange to…

Continue ReadingKenyan Central Bank Rejects Deputy President Rigathi Gachagua’s Claims Country Lacks Forex to Import Oil

Report: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks

The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money.…

Continue ReadingReport: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks