Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
The budget office said state agencies should  implement expenditure cuts in areas  such as travel, training and entertainment including suspending non-critical development spending, amid cash constraints owing a slowdown in economic activity/FILE

Kenya

MPs have 14 days to vet, approve CBK nominees

House Speaker Justin Muturi told the MPs that he had received a message from President Uhuru Kenyatta on the nominations and directed the House Committee on Finance /FILE

House Speaker Justin Muturi told the MPs that he had received a message from President Uhuru Kenyatta on the nominations and directed the House Committee on Finance /FILE

NAIROBI, Kenya Jun 3 – The National Assembly has 14 days to approve the nominations of Dr Patrick Ngugi Njoroge and seasoned lawyer Mohammed Nyaoga and as the new Governor and Chairman and Central Bank of Kenya respectively.

House Speaker Justin Muturi told the MPs that he had received a message from President Uhuru Kenyatta on the nominations and directed the House Committee on Finance to set up the timeframe for carrying out the approval hearings.

“I now refer the message containing the names of the nominees and their curriculum vitae, the report of the selection panel and the score sheets to the Departmental Committee on Finance, Planning and Trade to conduct their approval hearings and table their report on or before June 16, 2015” Speaker Muturi said in a Communication to the House.

He also said the committee should endeavour to conduct extensive public participation provided for under Section 6(iv) of the Public Appointment Parliamentary Approval Act.

President Kenyatta retained Haron Sirima to continue in his post as the Deputy Governor and will be joined by former Monetary Policy Committee Sheila M’Mbijiwe.

Dr Njoroge, an IMF adviser was among five short-listed candidates was picked as the next Central Bank of Kenya Governor after a competitive process conducted by the Public Service Commission.

READ: Uhuru Nominates Patrick Njoroge New CBK Governor

Nyaoga who is also heading the Commission of Inquiry probing a petition to dissolve the Makueni County Government beat Dr Bernard Mbui Wagacha, who is the outgoing CBK Chairman, current chairman of Consolidated Bank of Kenya Dr Benson Akong’o Ateng’ and Nicholas Bartuiyot Korir who is on secondment to COMESA Monetary Institute from the Kenya School of Monetary Studies.

The Public Service Commission had short listed five people for the post of Governor including CBK Deputy Governor Sirima, the Economic Affairs Director at Treasury, Geoffrey Mwau and former Planning Permanent Secretary and one-time CBK Deputy Governor Edward Sambili as well as Peninah Wanjira Kariuki.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...