The Central Bank of Kenya (CBK) said a central bank digital currency (CBDC) implementation is not a priority in the short to medium term, as existing payment innovations can potentially address Kenya's payment pain points. The CBK will continue to monitor developments globally and periodically assess CBDC's need in Kenya. The CBK initially cited concerns that a CBDC could threaten Kenya's financial system's stability and wanted to understand residents' views.

The CBK insisted that existing innovations offer some touted benefits of a CBDC and that the rollout should not be a race to be first. The CBK is working with CBDC-issuing central banks to understand if expected benefits have been realized and public comments have been influential in internal and external consultations with other central banks.