The Central Bank
This is a bank which is entrusted with the responsibility of maintaining
economic stability and financial soundness of a country. It is therefore
entrusted with two objectives:
Responsibility of maintaining financial soundness of the economy. The
bank has therefore to identify gaps in financial markets and to seek
solutions to these gaps.
To act as a commercial bank. It therefore has to operate profitability
when offering services to difference parties.
Establishment of Central Bank of Kenya
Established by Central Banking Act, 1966, and the Banking Act 1968.
Management of the Bank
Management and policy entrusted to a Board of Directors, comprising of seven
members including the Governor, Deputy Governor, and Ps to treasury. The
Governor of the Central Bank is the executive head of the bank. The Governor
in charge today is Michael Cheserem.