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The Central Bank of Kenya hunts for inspectors to fortify supervisory unit

The Central Bank of Kenya (CBK) is scouting for additional bank inspectors in an attempt to boost its supervisory role in the financial sector and restore depositors’ confidence in the industry.

The move comes in the wake of increased pressure on the part of the regulator on its effectiveness to rein in on fraud in Kenya’s financial institutions after two commercial banks went under receivership in under six months over financial irregularities.

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