Mr Gerald Nyaoma Arita is the new Deputy Governor of the Central Bank of Kenya (CBK), effective January 2025.
CBK Governor Dr Kamau Thugge announced Arita’s designation yesterday as he officially assumed office following his appointment by President William Ruto with the approval of the Parliament in November 2024.
“CBK welcomes Arita as he begins his term as Deputy Governor,” said the Governor in a statement on Tuesday. “Arita returns to CBK after a long and distinguished career at the Bank. He joined CBK in August 1988 and served in various senior positions, including in the Financial Markets, Banking Services, and Internal Audit Departments. His career culminated in his role as Director of the Bank Supervision Department.”
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Arita, a Certified Public Accountant and Certified Public Secretary with a Master of Philosophy in Economics from the University of Cambridge, UK, will now be part of the Bank’s Management team, which includes the Governor as the chief executive and official spokesperson, two Deputy Governors, and heads of department.
“On behalf of the CBK Board, Management and Staff, I wish to congratulate Arita on his appointment. It is an honour and a pleasure to welcome him back to the Central Bank of Kenya,” added Thugge.
The other Deputy Governor of CBK is currently Dr Susan Koech, who was previously the Principal Secretary in the State Department of Wildlife and also held the position of PS for East African Community and at the State Department for Regional Development at one time.
Arita shall hold office for a term of four years but shall be eligible for re-appointment for one further and final term of four years, as required by the Central Bank Act.
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