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Important responsibilities of the bank are as follows:
The Central Bank of the country is governed by a Board of Directors, consisting of eight members. The members include a Governor, who is the chairman of the bank, the Deputy Governor, who is the deputy chairman, the Permanent Secretary to the Treasury, and five other non-executive directors. All the members are appointed by the President for a period of four years.
The Address and Contact details of the bank is as follows:
Address: P.O. Box 60 000 Nairobi KENYA
Phone No.: ++254-2-24 60 00
Fax: ++254-2-34 01 92
In 2009, US trucking company YRC Worldwide faced ruin as it struggled to restructure its debt. With tens of thousands of jobs at stake, the Teamsters union, led by James Hoffa, accused some YRC bondholders of sabotaging restructuring negotiations by purchasing credit default swaps (CDS) on their debt. Read more
Jeffrey D. Sachs,
Mohamed A. El-Erian,
Isam al Khafaji,
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