Central Bank of Kenya has received “Website of the Year Award” following an overhaul of its website as the institution celebrated its fiftieth anniversary in 2016.
The annual awards which are organized by Central Banking, a UK-based financial magazine recognised CBK’s website saying it encompasses true accessibility to its information and data for a range of stakeholders.
Since the overhaul, the Central Bank of Kenya website has received large number of its visitors coming from mobile devices. Taking inspiration from central bank websites across the globe and extensive user feedback, the bank adopted a completely new layout with simplified rhetoric, aligning the design to international best practice. The streamlined design now highlights topics of interests as well as key statistics, including the annual inflation rate, interest rate and key exchange rates.
Commenting on the award, Patrick Njoroge, Governor, Central Bank of Kenya, said:
“In the redesign, the Central Bank of Kenya took into account the fact that the website is a key channel through which the institution seeks to provide diverse audiences with timely and accurate information on its mandate and policy actions. The new website was thus designed to offer an expanded range of features and content, consistent with the institution’s vision to be a world-class central bank in a vibrant financial sector.”
Christopher Jeffery, Chairman of the Central Banking Awards Committee and Editor-in-chief of Central Banking, said:
“The Central Bank of Kenya’s impressive new website was the result of extensive research undertaken to ensure it met international best practice. The website went live in time for the central bank’s fiftieth anniversary, and is strongly geared towards Kenya’s burgeoning number of mobile device users.”
Central Bank of the Year: Bank of England
In the same awards, The Bank of England was named the Central Bank of the Year after navigating tricky political currents during the UK’s Brexit process.
Risk Manager of the Year: Bank of Ghana
The Bank of Ghana was awarded Risk Manager of the Year as it set out on a journey to evolve its risk management practices to meet the requirements of rapidly changing conditions back in March 2011 with an aim to protect the central bank from emerging risks such as information security and fraud.
During this overhaul, the central bank has built a dedicated risk function, instilling a strong risk management culture into business operations and protecting itself from emerging threats.