Kevin Rotich

NAIROBI, Kenya, Aug 4 – Former Central Bank of Kenya (CBK) Governor Eric Kotut has outlined how sweeping regulatory reforms helped restore stability to Kenya's financial sector following the 1988 banking crisis, which exposed weaknesses among several financial institutions.

Speaking during the CBK Governors Series, Kotut said the government reached an agreement with donors to implement wide-ranging economic reforms, including the abolition of exchange controls and import licensing.

An acre in Lang'ata rose 4.1 percent to Sh94.7 million, while Karen recorded a 3.2 percent increase to Sh79.5 million. Runda followed with a 2.9 percent rise to Sh105.6 million, while Nyari gained 2.5 percent to Sh128.2 million per acre.

The report shows house prices in Ongata Rongai dropped 2.7 percent to Sh15.6 million, while Ngong declined 2.5 percent to Sh19.4 million.

According to the charge sheet seen by Capital Business, Murithi is accused of stealing the funds on diverse dates between February 23, 2026 and April 25, 2026 at the Sacco's head office in Meru County.

Despite the hardships, he excelled academically, earning a place at Alliance High School after passing the Common Entrance Examination before joining the then University of East Africa's University College Nairobi to study commerce.

Speaking during the CBK Governors Series, Kotut said the drought severely affected crop and livestock production at a time when agriculture, particularly tea and coffee exports, was the country's main source of foreign exchange.

According to the CA Consumer Complaints Report, the regulator received 44 voice-related complaints, with call termination accounting for 16 cases, followed by Quality of Service (13), fraudulent calls and messages (

In a submission to the National Assembly's Departmental Committee on Trade, Industry and Cooperatives, the company said although the government has indicated it would gradually reduce imports as local production rises, that commitment has not been fully implemented.

The brewer's revenue grew 13 percent to Sh146 billion, supported by higher beer and spirits sales across its markets, while total debt fell by Sh6.2 billion, strengthening its balance sheet.