The new law gives the Central Bank of Kenya explicit legal authority to buy, sell, import, export, and hold gold and other precious metals players in the sector.
The signing of the Central Bank of Kenya (Amendment) Act into law by President William Ruto has raised pertinent questions on the idea behind the move given the country’s minimal domestic production of gold.
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President William Ruto has signed a new law allowing the CBK to buy and hold locally mined gold, a move aimed at strengthening…
Kenya’s artisanal and small-scale mining sector is estimated to produce hundreds of kilos annually. Most of this is exported…
Central banks across emerging markets have been increasing gold holdings as a safeguard against geopolitical risks and currency…
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Both silver and platinum have benefited from strong industrial applications, which have set them apart from gold’s primarily…
On Monday, President William Ruto signed the Central Bank of Kenya (Amendment) Bill, 2026 into law, giving CBK new powers to…
