Economy

MPs endorse Njoroge for CBK governor

President Uhuru Kenyatta is expected to formally appoint Patrick Njoroge as the new governor of the Central Bank of Kenya, his deputy Sheila M’Mbijiwe and bank chairman Jairus Mohammed Nyaoga.

This is after the National Assembly last evening unanimously endorsed the nomination of the three.

The Finance, Planning and Trade committee on Wednesday tabled in Parliament a report that recommended the approval of Dr Njoroge, Ms M’Mbijiwe and Mr Nyaoga.

“The nominee (Dr Njoroge) was open-minded, independent and exhibited impressive knowledge of topical issues touching on monetary policy and has the requisite abilities, qualifications and experience to serve as the governor of the Central Bank of Kenya,” noted the MPs’ report.

“However, he may not be conversant with the Kenyan working environment considering that he has been working abroad for almost his entire life. He will therefore need to create a working rapport with his team and the stakeholders to help him govern,” the report added.

Committee chairman Benjamin Langat said the committee did not receive any negative memoranda on any of the nominees.

“The Public Service Commission forwarded the names of the nominees to the President after interviewing them. We resolved that due process had been followed in the nominations.

“Security agencies including KRA and CID cleared them. We did not receive any objections from the public,” he said.