We have no control over mega projects, says Central Bank of Kenya Governor

Central Bank Governor Patrick Ngugi stresses a point on the weakening shilling when he appeared before the Senate Committee on Finance, Commerce and Budget yesterday. [PHOTO MOSES OMUSULA/STANDARD]

 

The Central Bank says it is helpless getting information on large infrastructural projects that impact on the value of the shilling. Central Bank of Kenya (CBK) Governor Patrick Ngugi yesterday said although large importation of capital goods has partly affected the value of the shilling, the bank has no information on the benefits that such projects bring to the country as its role is purely advisory.