President Uhuru Kenyatta has picked on Dr Patrick Ngugi Njoroge, an IMF adviser, to fill the vacant position of Central Bank of Kenya (CBK) Governor.
He also nominated Haron Sirima, current Deputy Governor and Sheila M’Mbijiwe, a banker and former member of the Monetary Policy Committee (MPC), as deputies. Mohamed Nyaoga, a seasoned lawyer, has been named to the position of CBK Board Chairman.
The three nominees will be vetted by Parliament before being formally appointed by the Head of State. The Public Service Commission (PSC) shortlisted the then acting CBK Chairman Dr Bernard Mbui Wagacha for the job of new chairman, a job that is expected to enjoy more clout including a larger oversight role than former chairpersons.
Dr Wagacha, who is also a State House economic adviser, applied for both the job of governor and chairman advertised in April immediately after the exit of Prof Njuguna Ndung’u. Also interviewed for the chairman position was the Consolidated Bank of Kenya Chairman, Dr Benson Akong’o Ateng’ and Mr Nicholas Bartuiyot Korir, a former boss at the Kenya School of Monetary Studies, who is now on secondment to the Comesa Monetary Institute.
The current deputy governor Dr Sirima had applied for the position of Governor. Also interviewed to replace Prof Ndung’u included former Planning Permanent Secretary and one time CBK Deputy Governor Dr Edward Sambili, Dr Peninah Wanjira Kariuki and the current National Treasury Economic Secretary Dr Geoffrey Ngungi Mwau.
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