This archive report was first published on 22 May 2020.
On May 22, 2020, the Central Bank of Kenya (CBK) took a significant step by dissolving its principal training facility, the Kenya School of Monetary Studies Limited.
The decision was made public through a notice gazetted by the Registrar of Companies, Alice Mwendwa, which stated that the names of the under-mentioned companies, including KSMS, would be struck off the register of companies and dissolved at the expiration of three months from the date of the gazette.
Established in 1997, the Kenya School of Monetary Studies was set up to build capacity for the banking industry and support the CBK in fostering a stable and well-functioning financial system.
According to the school's website, it was established in response to the bank failures experienced in the 1980s and 1990s, which were mainly attributed to inadequate staff with requisite skills in banking, financial management, and economic reforms.
KSMS offered specialized education and training programs in banking, finance, economics, and other related studies, which were not available in other training institutions and universities.
Despite its importance, the reasons behind the dissolution of KSMS remain unclear, with attempts to get a comment from the CBK going unanswered.
