Tag: Patrick Njoroge
Kenya’s government plans to seek help from the International Monetary Fund, pay pending bills to suppliers and quickly process company tax refunds to support the economy in the face of the coronavirus crisis, officials said.
The East African nation has four confirmed cases of the COVID-19 and the government has imposed measures aimed at reducing its spreads including banning public gatherings and closing schools indefinitely.
About Ksh7.3 billion shillings worth USD$71.5 million were not returned during the demonetization of the 1,000 shilling old notes, according to an official from the Central Bank of Kenya (CBK). Patrick Njoroge, Governor of the Central Bank of Kenya, told journalists in Nairobi that the four-month phase-out of 1,000 shilling notes proceeded well and achieved its overall objective of removing money obtained from illegal activity from the economy. From Nairobi, Journalist, Joseph Bonyo joins CNBC Africa for more.
The question of whether Kenya is borrowing too much and for the right purposes has been subject to debate more often than not. To discuss the country's fiscal policy, Governor of Kenyan Central Bank (KCB), Patrick Njoroge joins CNBC Africa's Arnold Kwizera for more.
Kenyan President Uhuru Kenyatta has renewed Central Bank Governor Patrick Njoroge’s term.
Kenya’s headroom for new borrowing has shrunk since it tapped the Eurobond market this month.
The Financial Markets Conduct bill published last week by the finance ministry proposes to create a regulator in addition to the central bank to deal with the conduct of lenders.