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CBK to rule on dividend issuance by lenders

CBK governor and Monetary Policy Committee (MPC) chairman Patrick Njoroge at the CBK offices on January 28, 2020. [David gichuru, Standard]  

The Central Bank of Kenya (CBK) will have to approve any plans by commercial lenders to issue dividends for this year, it said in a memo to bank executives yesterday, an unusual move caused by Covid-19 crisis.

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