Kenya's budget 2024: Dissecting banking sector budget reforms

Kenya's Treasury Cabinet Secretary, Njuguna Ndung'u, presented a record-breaking Ksh4 trillion budget. While the overall sector remains stable, a significant change impacting the banking industry is a tenfold increase in the minimum capital requirement for banks, from Ksh1 billion to Ksh10 billion. Diving into this reform and exploring its potential impact, CNBC Africa is joined by Stellar Swakei, Senior Research Associate, Standard Investment Bank, and Arnold Midung'a, CEO, of Blackbow Consult Limited from Nairobi, Kenya.
Fri, 14 Jun 2024 15:47:05 GMT

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