central bank of kenya

• Central Bank of Kenya Sees Growth in Private Sector Demand for Credit

DUBAI, UAE, August 30, 2010 /PRNewswire/ -- In its Monthly Economic Review for May, the Central Bank of Kenya (CBK) indicated that credit to the private sector rose to Sh787.9 billion from Sh671.9 billion in a similar period last year. According to the report, trade, private households, and transport were the leading borrowers. http://www.virtualpressoffice.com/ eventsSubmenuForSearch.do?showId=978&e

• U.S. Newswire
• January 19, 2011

• 11 Community Finance Group, Inc. v. Republic of Kenya, (8th Cir. 2011)

...; Kenya Department of Customs; Kenya Central Bank, ...

• Federal Circuits

• Bureau of Educational and Cultural Affairs (ECA) Request for Grant Proposals (RFGP): International Sports Programming Initiative (ISPI)

The Office of Citizen Exchanges of the Bureau of Educational and Cultural Affairs announces an open competition for the International Sports Programming Initiative. Public and private non- profit organizations meeting the provisions described in Internal Revenue Code section 26 U.S.C. 501(c)(3) may submit proposals for projects designed to reach out to youth and promote mutual understanding by increasing the professional capacity of those who design and manage youth sports programs in select countries in Africa, East Asia and the Pacific, the Near East and North Africa, South and Central Asia, Europe, and the Western Hemisphere. The focus of all programs must be on reaching out to both male and female youth ages 7- 17 and/or their coaches/administrators. Programs designed to train elite...

... Africa: Botswana, Cote d'Ivoire, Kenya, Mali, and Nigeria;. East Asia and the Pacific... that MUST include both Israel and West Bank/Gaza;. South and Central Asia: Bangladesh, Nep...

• Federal Register Nbr. 76 FR 78072, December 15, 2011
• Notices
• State Department

• Melinda Gates Challenges Global Leaders: Create Savings Accounts and Bring Financial Security to the World's Poorest

Heads of government, banking, technology, and international development gather for first-ever Global Savings Forum; foundation pledges $500 million and announces new grants to increase access to savings SEATTLE, Nov. 16, 2010 /PRNewswire-USNewswire/ -- Melinda French Gates, co-chair of the Bill & Melinda Gates Foundation, today hailed a historic moment that will help bring financial services, particularly savings accounts, to hundreds of millions of people living on less than $2 a day. Speaking at the foundation-hosted Global Savings Forum in Seattle, the first global gathering focused on the role of savings in the developing world, Gates urged leaders in government, banking, mobile communications, and international development to work together to build a new kind of financial infrastru...

... (IFC); Njuguna Ndung'u, governor of the Central Bank of Kenya and steering committee chair of the ...

• U.S. Newswire
• November 16, 2010

• Mobile Money Transfers to M-PESA Subscribers in Kenya Now Available from Western Union Locations in 45 Countries, Territories.

...According to the Central Bank of Kenya, Kenyans living outside their home c...

• Business Wire
• March 31, 2011

• Research and Markets: Mobile Financial Services in Africa Report 2010 - By 2015, More Than 1 In 5 People in Africa Will Be Registered To Use Mobile Money Services.

...The success of M-Pesa in Kenya has demonstrated that mobile financial services ca... benefits to the ecosystem, including banks, the distribution network, merchants and companies...* BNP Paribas. * Central Bank of Kenya. * Central Bank of Nigeria. * CGAP. ...

• Business Wire
• October 08, 2010

• Starting a Business

Eastern Europe and Central Asia saw reform in 10 economies. Six reduced the running-around time for entrepreneurs by creating one-stop shops. Albania took registration out of the courts and merged company, social security, labor and tax registrations. Before, entrepreneurs had to wait more than a month to start doing business; now it's just 8 days. Azerbaijan's one-stop shop reduced delays by 2 weeks, Slovenia's by 6. Bulgaria, the Kyrgyz Republic and the former Yugoslav Republic of Macedonia undertook reforms similar to Azerbaijan's. And while Czech entrepreneurs still have to obtain multiple documents, the new "Project Czech Point" allows them to do so at one place. Lebanon and Oman improved the efficiency of their one-stop shops. What used to take 46 days in Lebanon now takes 11. Tun...

..., traveling from Uganda to neighboring Kenya to buy goods for resale. "I would take the overnig... ranging from courts to commercial banks. But many economies make starting and legally runn...

• Doing Business
• November 17, 2010

• Monetary Theory and Electronic Money: Reflections On the Kenyan Experience

In 2007, the leading cell phone company in Kenya, Safaricom Ltd, launched M-PESA, a short message service (SMS)-based money transfer system that allows individuals to deposit, send, and withdraw funds from a virtual account on their cell phones and that is separate from the banking system. M-PESA has grown rapidly, currently reaching more than seven million users, approximately 38% of Kenya's adult population, and it is widely viewed as a success story to be emulated across the developing world. M-PESA is used not only for remittance purposes, but also to save, to purchase pre-paid phone credit and other goods and services, to pay bills, and to execute bank account transactions. This article examines the role of monetary theory in understanding this new generation of mobile banking prod...

...-maximizing entity and the other by the central bank, further issues of competition, regulation, a...

• Economic Quarterly - Federal Reserve Bank of Richmond
• Vol. 96 Nbr. 1, January 2010

• Interest Rate Reforms, Financial Deepening and Economic Growth in Kenya: An Empirical Investigation

This paper examines the impact of interest rate reforms on financial deepening and economic growth in Kenya, using two models: the financial deepening model and the dynamic Granger causality model. The study attempts to answer two critical questions: Does interest rate liberalization in Kenya have any positive influence on financial deepening? Does the financial depth which results from interest rate liberalization lead to economic growth? Using cointegration and error-correction models, the study finds strong support for the positive impact of interest rate liberalization on financial deepening in Kenya - although the strength and clarity of its efficacy is sensitive to the level of the dependency ratio. The study also finds financial depth to Granger cause economic growth in Kenya. Th...

... controls, allow free entry into the banking sector, give autonomy to commercial banks, allow f... were under statutory management of the Central Bank (Monthly Economic Review, Central Bank of Ken...

• Journal of Developing Areas, The
• Vol. 43 Nbr. 1, October 2009

• A Month in Money Laundering - November 2005.

...), a grant from the Asian Development Bank to the Philippines for the second stage of its ant... the federal executive agencies and the central bank in their fight against money laundering as we.... Changes in Kenyan banking rules incorporate anti-money laundering in...

• Mondaq Business Briefing
• Nbr. 2006, January 2006