Kenya gives central bank powers to rescue banks during financial crises

Kenya has established a framework allowing its central bank to provide emergency funding to banks during financial crises. On Monday, President William Ruto signed the Central Bank of Kenya (Amendment) Bill, 2026, into law, introducing reforms that set out how Kenya will respond to future banking crises by establishing rules for emergency support to lenders and expanding the central bank’s role in preserving financial stability. Under the law, the CBK may provide emergency liquidity assistance w