Central Bank of Kenya

The Central Bank of Kenya was established in 1966 through an Act of Parliament - the Central Bank of Kenya Act of 1966. The establishment of the Bank was a direct result of the desire among the three East African states to have independent monetary and financial policies.
The Central Bank of Kenya Act of 1966 set out objectives and functions and gave the Central Bank limited autonomy. Since the amendment of the Central Bank of Kenya Act in April 1997, the Central Bank operations have been restructured to conform with ongoing economic reforms. There is now greater monetary autonomy.

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The first infrastructure bond: Utilization of Proceeds

16th November 2009

The Central Bank of Kenya issued the First Government Infrastructure Bond on February 23rd 2009, valued Ksh 18.5bn. Given its attractive features and public support in supplementing Government resources for funding the targeted projects, the Offer received Ksh 26.9bn. These proceeds were used to finance targeted infrastructure projects in the roads, energy and water sectors, of which majority of them are more than 50% complete.

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Second Infrastructure Bond offer

12th November 2009

The Central Bank of Kenya as a fiscal agent for the Republic of Kenya invites bids for the Second Infrastructure Bond. The 12 - year fixed coupon issue is dated November 30, 2009. The earnings from the 18.5 billion bond, will be used to finance Infrastructure Projects in the water, sewerage and irrigation, roads and energy sectors during the Financial Year 2009-10. The bond will be on sale from 12th - 24th November, 2009.

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CBK to host COMESA Monetary Institute (CMI) at the KSMS

5th November 2009

Central Bank's Kenya School of Monetary Studies (KSMS) is set to host the COMESA Monetary Institute (CMI). This decision was made at the 14th Meeting of the COMESA Committee of Governors of Central Banks held in Mauritius from 26th-30th October, 2009. The aim of the institution is to harmonize regulation of financial markets, undertake technical work on the establishment of a COMESA Central Bank and issuance of a common currency in the region.

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Treasury Bond Advertisement

14th October 2009

The Central Bank of Kenya as a fiscal agent for the Republic of Kenya invites bids for the 15-Year Fixed Coupon Discounted Treasury Bond dated 26th October 2009 whose terms are as
follows ...

20 November 2009Central Bank urges all Banks to venture to rural areas
The Governor of Central Bank Prof. Njuguna Ndung'u has challenged all banks not only to invest more resources in technology, but to also expand their outreach into the rural areas in the provision of loans. He said this during the occasion of the 50th Anniversary Celebrations for NIC Bank Ltd, which was held at the National Museums of Kenya.
13 November 2009Daima Bank: Payment of a third dividend
Deposit Protection Fund Board (DPFB) wishes to notify all depositors and creditors of Daima Bank (In Liquidation) that the third dividend will be paid with effect from 16th November, 2009 at DPFB offices.

29 October 2009CBK appreciates change in collateral technology A pension-backed product launched by HFCK on 29th October 2009, allows members of pension schemes to use their accumulated pension savings to secure loans for purchase or construction of properties. Central Bank of Kenya appreciates RBA's contribution to the increase in financial access and urges all institutions to embrace technological developments that continue to improve the platform of financial service delivery.