President William Ruto during a past event/FILEPresident William Ruto has nominated Pius Angasa for appointment to the Board of Directors of the Central Bank of Kenya (CBK).
National Assembly Speaker Moses Wetang’ula made communication to the members on the floor of House Thursday, July 24.
Wetang’ula informed members that he had received a message from the Head of State regarding the nomination, made under Section 11 of the Central Bank of Kenya Act.
"I wish to report to the House that I have received a message from His Excellency the President regarding the nomination of a person for appointment to the board of the Central Bank of Kenya," Wetang'ula announced.
The Speaker conveyed that President Ruto had nominated Angasa and was seeking parliamentary approval in accordance with legal provisions governing public appointments.
Senate Speaker Amason Kingi also relayed the same message to the Senate, with both Houses set to conduct a joint vetting process.
Wetang’ula referred the nomination, along with Angasa’s curriculum vitae and supporting documents, to the National Assembly’s Departmental Committee on Finance and Planning.
The committee will undertake a joint approval hearing with its Senate counterpart and submit a report to the House.
“The approval process should be undertaken in line with the provisions of the Public Appointments (Parliamentary Approval) Act and concluded within 28 days, which lapse on August 20, 2025,” the Speaker added.
With Parliament scheduled to break for a long recess, Wetang’ula urged members to expedite the process and table the final report by August 12, 2025.
The approval hearing usually takes 28 days.
The CBK management team includes the governor and two deputy governors, all of whom are recruited through a transparent and competitive process, approved by Parliament, and then appointed by the President.
The Governor is the Chief Executive Officer of the Bank and is therefore responsible for its overall management.
CBK also has a board comprising 11 members consisting of the chairman, the governor, the Permanent Secretary to the National Treasury and eight non-executive directors.The current board chairman is Andrew Musangi.
The board has a primary function to determine the policies of the bank and to review the performance of the Bank.
However, the Monetary Policy Committee, under the chairmanship of the Governor, is independently responsible for the formulation of monetary policy.
The Board holds regular meetings at which it receives briefings on the Bank’s activities, decisions, implementation of policies and the performance of the financial sector and the economy.
The CBK Act provides for the qualifications of the Directors, the appointment procedures, and the other duties and responsibilities of the Board.
