Parliament drops plan to strip CBK of its powers

central bank of kenya cbk


Business Daily | by Edwin Mutai


A parliamentary committee has struck out sections of a Bill that sought to usurp the powers of the Central Bank of Kenya (CBK) as a fiscal agent and banker to the government.

MPs have proposed changes to the Debt Management Authority Bill which seeks to establish an independent body to manage the country’s debt with a view of reducing the burden which is projected to hit Sh8.6 trillion in June…

Read more…


LEAVE A REPLY

Please enter your comment!
Please enter your name here