diff --git a/SPECS/centos-release-okd.spec b/SPECS/centos-release-okd.spec
index 62dafa1..92dd69e 100644
--- a/SPECS/centos-release-okd.spec
+++ b/SPECS/centos-release-okd.spec
@@ -1,4 +1,4 @@
-%global OKDVersion 4.15
+%global OKDVersion 4.16
 
 Summary: Configs for OKD repositories provided by the CentOS Cloud SIG
 Name: centos-release-okd-%{OKDVersion}
@@ -26,6 +26,9 @@ sed -i -e "s/OKD_VERSION/%{OKDVersion}/g" %{buildroot}%{_sysconfdir}/yum.repos.d
 %config(noreplace) %{_sysconfdir}/yum.repos.d/*
 
 %changelog
+* Tue Oct 17 2023 Christian Glombek <cglombek@redhat.com> - 4.16-1-1
+- Update to version 4.16
+
 * Tue Oct 17 2023 Christian Glombek <cglombek@redhat.com> - 4.15-1-1
 - Update to version 4.15