- Treasury seeks 2032 deadline as central bank insists on 2029.
- Smaller lenders face fundraising pressure, mergers and dividend restrictions.
NAIROBI, KENYA – Kenya’s smaller banks face mounting capital pressures as a dispute between the Treasury and central bank leaves investors uncertain about fundraising deadlines.
Treasury Cabinet Secretary John Mbadi has opened talks with Central Bank of Kenya (CBK) Governor Kamau Thugge over a KSh10bn ($77mn) minimum capital requirement, Business Daily reported. The government wants the deadline extended from 2029 to 2032, while the regulator insists on the existing timetable.
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