President Ruto picks CBK insider Gerald Nyaoma as second deputy governor

CBK head of banking supervision, Gerald Nyaoma, has been nominated as second deputy governor of the banking regulator.

Photo credit: File | Nation Media Group

Central Bank of Kenya’s (CBK) current head of banking supervision, Gerald Nyaoma, has been tapped to fill the position of the second deputy governor in a move to resolve a legal hitch at the banking regulator.

The nomination by President William Ruto will extend Mr Nyaoma’s stay at the CBK, if approved by Parliament. He has been a career banker at the CBK for 36 years.

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