Parliament to vet CBK governor nominee Kamau Thugge Tuesday
The nominee for the Governor of the Central Bank of Kenya Kamau Thugge is set to be vetted Tuesday.
He was amongst six candidates shortlisted by the Public Service Commission.
President William Ruto nominated him on May 15, 2023, following the imminent retirement of Patrick Njoroge, whose two terms end next month.
The governor assumes the role of CEO and spokesperson of the bank and is responsible for its overall management.
If approved by the National Assembly, Thugge will become Kenya’s 10th CBK governor after trouncing Dorcas Mutonyi, Haron Sirima, Edward Sambili, Nancy Onyango, and Adan Mohamed, who were shortlisted by the Public Service Commission early this month.
If approved by Parliament, he will face the daunting task to stabilise the shilling which has sharply depreciated against the dollar, and a heavy government debt burden, which is threatening to upset years of macro stability.
Thugge was forced out of his position at the National Treasury over his alleged role in the multibillion-shilling Kimwarer and Arror dams’ construction in Elgeyo Marakwet.
He was, however, cleared of any wrongdoing in 2021.
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