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Henry Rotich's policy review clips Patrick Njoroge's powers at CBK

CBK Governor Patrick Njoroge

Treasury Cabinet Secretary Henry Rotich has clipped the powers of the Central Bank of Kenya boss to regulate the banking sector.

Mr Rotich is also in a new push to raise the minimum capitalisation for banks by five-fold to Sh5 billion. This latest policy measure was successfully fought off last year by immediate former CBK Governor Patrick Njoroge.

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