Kenyan parliament approves new head of Central Bank

first_imgKenya’s Central bank suspends issuance of new bank licences Kenya’s parliament on Thursday approved the appointment of Patrick Njoroge as governor of the central bank Kenya’s parliament on Thursday approved the appointment of Patrick Njoroge as governor of the central bankKenya officially has a new Central Bank Governor with parliament signing off on the appointment of Patrick Njoroge. The new Governor has quite the task ahead of him however, having to try and stabilize Kenya’s volatile national currency.Kenya’s central bank raised rates last week for the first time since 2011 in response to a weakening currency and rising inflation.Falling agricultural production and terror attacks, effecting tourism, have reduced foreign-revenue inflows into Kenya. Njoroge was nominated by President Uhuru Kenyatta.The new Governor, who has been an adviser to the International Monetary Fund, says the central bank needs to better control inflation, which would help commercial banks lower lending rates and stimulate the economy.Related Tunisia’s central bank head resigns amid pressurecenter_img Liberian President appoints son head of Central Banklast_img read more

Justyn Knight wins 5000-meter NCAA National Championship

first_img Published on March 9, 2018 at 10:12 pm Contact Danny: | @DannyEmerman Facebook Twitter Google+ With a time of 14:14:47, Justyn Knight became the NCAA Indoor Champion in the 5000-meter race, his first national indoor track championship victory.The slow pace made the race Knight’s to win. Knight had the most juice left in the tank and it showed in the final 200 meters, where he separated himself from the pack with a burst of blazing speed.Knight pulled away from Alabama’s Vincent Kiprop (14:15:01) and Oklahoma State’s Hassan Abdi (14:15:38) to coast through the finish line. Knight is set to compete in the 3k race tomorrow. Knight is the second NCAA Track and Field Champion from SU, joining Jarret Eaton, who won the 60-meter hurdles in 2012. He’s also the first SU athlete in 37 years to win multiple individual national championships.In the Women’s 5k, junior Paige Stoner couldn’t keep pace with the top half of the field and ended up with a time of 16:05:88, good for eighth out of 16.AdvertisementThis is placeholder textEarlier in the night, in the preliminaries of the 60-meter hurdles, neither Matt Moore nor Angelo Goss qualified for the finals. Moore, a sophomore, just barely missed the cut by 0.02 seconds. Goss, a senior, finished in last place. Commentslast_img read more