Why Central Bank reads mischief in Treasury’s move to control lending

National Treasury building in Nairobi

?The fact that Dr Patrick Njoroge had no idea about the details of the Bill drafted by Treasury that may fundamentally weaken Central Bank of Kenya’s independence and make it almost irrelevant has shocked the market.

CBK only became aware of the National Treasury-commissioned Financial Markets Conduct Bill, 2018, after it was uploaded to the Treasury website two weeks ago.