President William Ruto has nominated Pius Angasa to join the Board of Directors at the Central Bank of Kenya (CBK), marking a significant leadership change at the institution.
The announcement was formally delivered to Parliament by National Assembly Speaker Moses Wetang’ula during a session held on Thursday, July 24.
According to Wetang’ula, the President’s move aligns with Section 11 of the Central Bank of Kenya Act, which outlines the legal framework for such appointments.
He further stated that Angasa’s nomination must be reviewed and approved by both the Senate and the National Assembly before he can officially assume the position.
“I wish to inform the House that I have received a message from His Excellency the President concerning the nomination of a person for appointment to the CBK board,” Wetang’ula said while addressing lawmakers.
He confirmed that Angasa’s credentials, including his curriculum vitae and other supporting documents, had already been forwarded to the National Assembly’s Departmental Committee on Finance and Planning.
This committee will handle the vetting process and is expected to begin reviewing the nomination in the coming days.
Wetang’ula emphasized that the vetting must follow the Public Appointments (Parliamentary Approval) Act, which provides a 28-day deadline for Parliament to conclude the approval process. The deadline for Angasa’s vetting is set for August 20, 2025.
“Although the Central Bank Act doesn’t provide a specific timeframe for the appointment process, the Public Appointments Act gives Parliament 28 days. Given that the House will be going on recess during this period, I urge the relevant committees to fast-track the process,” Wetang’ula added.
He also gave directions for how the joint vetting by the Senate and National Assembly should be conducted, including requirements for quorum and separate voting if both Houses cannot reach a consensus.
“The Joint Committee should move with speed and submit their final report by Tuesday, August 12, 2025—before the House proceeds on a long recess starting August 15,” Wetang’ula noted.
The CBK Board plays a crucial role in shaping the Bank’s overall policy direction, reviewing its performance, and ensuring that operations adhere to good governance standards.
Additionally, the board is involved in appointing top executives like the CBK Governor and providing strategic oversight over the bank’s day-to-day functions.
The Central Bank’s Board is made up of 11 members: the Chairperson, the Governor, the Principal Secretary to the Treasury, and eight non-executive members—who are directly appointed by the President.
President Ruto’s latest nomination is seen as a strategic step to bolster the Central Bank’s leadership and reinforce economic stability as the government navigates complex fiscal challenges.
The upcoming parliamentary vetting will be closely watched as it determines whether Angasa will officially take up his role at Kenya’s top financial institution.
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