The Central Bank of Kenya (CBK) faces a legal headache in complying with the law requiring staggered replacements as it prepares for the exit of four board members next month amid overdue changes to the monetary policy committee (MPC).
The tenure of four of the seven directors of the CBK board are ending on December 4, in what will complete the shake-up that started with the retirement of governor Patrick Njoroge and chairman Mohammed Nyaoga on June 17 last year.
