Kenya enacts sweeping Central Bank reforms

Kenya's President William Ruto has signed new legislation to overhaul the Central Bank, targeting stronger financial system oversight and modernized monetary policies. These reforms aim to address existing weaknesses in the banking sector and bolster economic stability. This move is significant as it reflects Kenya's commitment to financial integrity and regulatory modernization, potentially attracting more foreign investment and fostering economic growth. The changes underscore a proactive approach to ensure the country's economic resilience in a rapidly evolving global market.