Ruto signs law allowing Kenya’s central bank to provide emergency funding to troubled banks
By
Ayodeji Adegboyega
1d ago
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Business InsiderRuto signs law allowing Kenya’s central bank to provide emergency funding to troubled banksbusinessinsider.comKenya has strengthened its financial crisis response framework after President William Ruto signed legislation giving the Central Bank of Kenya (CBK) formal powers to provide emergency funding to distressed but solvent banks, aligning the country’s banking oversight more closely with international standards for managing financial shocks.
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