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9 October – Kenya is elected to a seat at the United Nations Human Rights Council for a three-year term beginning in 2025. [ 44 ] 17 October – Following a majority vote by the Senate, Rigathi Gachagua is removed as Vice President after being convicted of five of the 11 charges laid against him during his impeachment.
The President of Kenya William Ruto C.G.H. appointed his first cabinet in September 2022. On 11 July 2024, following sustained pressure on the government through the Kenya Finance Bill protests, Ruto dismissed his entire cabinet, with the exception of Prime Cabinet Secretary and Foreign and Diaspora Affairs Cabinet Secretary (Minister) Musalia Mudavadi. [3]
The Kenya Finance Bill 2024 was a piece of legislation that proposed changes to the tax system of Kenya, [1] which involves tax increases. [2] The proposed bill aims to raise 346 billion Kenyan shillings (KSh) to pay off debt and fund development projects.
This is the Central Bank of Kenya's list of Licensed Microfinance Banks, updated in August 2024. [3]Caritas Microfinance Bank Ltd; Branch Microfinance Bank Ltd
The Central Bank of Kenya (CBK) (Swahili: Banki Kuu ya Kenya) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Kamau Thugge, CBS is the current Governor and Dr. Susan Koech is the Deputy Governor.
As of 30 June 2024, Access Bank Group announced total assets of NGN 36.5 trillion (approx. US$22.419 billion), with shareholders' equity of NGN 2.8 trillion (approx. US$1.72 billion). [2] As of that time, the group maintained operational banking subsidiaries in 20 countries in Sub-Saharan Africa , Europe and the Middle East .
The Eastern and Southern African Trade and Development Bank, also known as TDB, was established on 6 November 1985 under Chapter Nine of the Treaty for the Establishment of the Preferential Trade Area for Eastern and Southern African States, which entered into effect on 2 September 1982 and was subsequently replaced by the Treaty for the Establishment of the Common Market for Eastern and ...
In July 2005, the Commercial Bank of Africa (CBA) acquired majority shareholding in First American Bank of Kenya, which at the time had a Tanzanian subsidiary called United Bank of Africa. [7] In 2007, United Bank of Africa rebranded to Commercial Bank of Africa (Tanzania), returning the brand to the country since 1967.