Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
President Kenyatta unveiled the new Central Bank of Kenya branch in Kisii on October 21, 2020.

Kenya

CBK Opens New Centre in Kisii to Ease Circulation of Money in South Nyanza region

NAIROBI, Kenya, Oct 22 – Central Bank of Kenya has opened a new center in Kisii with the aim of easing the circulation of money in the larger south Nyanza region.

The centre, unveiled by President Uhuru Kenyatta Wednesday, will offer a wide range of services, among them opportunities for investment in government securities and general banking services to county governments.

The centre will also eliminate logistics of transporting money from Kisumu.

It will also serve seven counties in the region namely Kisii, Nyamira, Migori, Bomet, Homa Bay, and parts of Narok and Kericho.

According to CBK, the region has a population of over 7 million people contributing about 12 percent of Kenya’s GDP.

The baker’s regulator describes the new centre as a state of-the art facility, equipped with the latest IT and currency-handling technologies.

In addition, the roof of the Centre is equipped with solar panels that generate more than adequate supply for the Centre, with the ability to feed back the excess power to the national grid.

CBK says it has over the years sought to improve access to its services across the country.

This has led to the establishment of the current network of Branches in Mombasa, Kisumu and Eldoret and Centres – namely Nyeri, Nakuru, Meru, and now Kisii.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...