Central Bank Warns on ‘New’ Shs 100,000 Note

Kenya is a hospitable nation with diverse cultures working in unity for the benefit of its people, page President Uhuru Kenyatta has said.

He said unlike other countries, buy Kenya was not build on gold and diamond but on the welcoming character of its people.

“I, therefore, take this opportunity to welcome you to Kenya, a land of many wonders,” President Kenyatta told prospective tourists.

The President spoke in Milan, Italy, when he officially launched Kenya’s new brand campaign on Tuesday

The campaign, dubbed “Make it Kenya”, was developed by the Ministry of East African Affairs, Commerce and Tourism to promote and enhance Kenya’s position as a global leader in investment, commerce and tourism.

“Our athletes have just come top at the World Championships.  We are an exemplary democracy.  Our people are renowned for their diligence, and their entrepreneurial energy.  We are a hub for the region,” President Kenyatta said.

In addition to the new brand identity, President Kenyatta also launching a new digital portal, with supporting social media platforms, which have been designed to link Kenya with audiences all over the world through computers, smart phones and other digital devices.

He said the objective of the new campaign is to market Kenya by having all the information about the country’s various tourist destinations, investment opportunities and culture readily available.


“I hope that with this portal, even individual travellers will be able to share the experiences of their visits to Kenya,” the Head of State said.

The campaign logo was designed such that it represents Kenya’s cultural heritage including the vibrant colours of the nation’s flag among other Kenyan features.

East African Affairs, Commerce and Tourism Cabinet Secretary Phyllis Kandie said her Ministry will use the portal to bring Kenya’s story to life by providing rich and sharable content that will connect audiences around world.

“The new portal will be the go-to destination for all of the Ministry’s future campaigns and the promotion of Kenya internationally,” the Cabinet Secretary said.

She disclosed that the Kenya’s pavilion at the Milan Expo 2015 has captured the best award in the coffee cluster.
Bank of Uganda has issued a stern warning on a yet another circulating image of a purportedly released Shs 100, link 000 note, store saying that those behind it face legal action.

The bluish note has over the past days been circulating on social media as having been released by the Central Bank.

The Bank has distanced itself from the hoax note, search stating that it doesn’t in fact intend to issue a new denomination of the Ugandan currency in the near future.

“The individuals circulating these illegal images are hereby warned to stop doing so with immediate effect,” read a statement issued by the bank on Tuesday.

“Misinformation of this nature has the potential to cause confusion and disruption of normal economic activities especially among members of the public in rural areas.”

The public was urged to ignore the image as a hoax and report known perpetrators to Bank of Uganda.

“The production of ‘novelty’ currency bearing features and denominations alien to Uganda’s legal tender is expressly forbidden and punishable under the law.”

The development comes in the middle of a relentless depreciation of the Uganda shillings and growing fears of serious pre-2016 election inflation.

At the peak of the runaway inflation that followed the previous 2011 general elections, Parliament discussed the possibility of introducing the Shs 100,000 note.

The Central Bank Governor Prof Emmanuel Tumusiime Mutebile was later to dismiss this possibility saying that the economic conditions of that time did not merit the introduction of the bank note.

Back to top button
Translate »

Adblock Detected

Please consider supporting us by disabling your ad blocker