The National Assembly has officially approved the appointment of Pius Ang’asa as a member of the Central Bank of Kenya (CBK) Board.
Ang’asa’s nomination was put forward by President William Ruto last month under Section 11 of the Central Bank of Kenya Act. As required by law, his appointment needed the green light from both the National Assembly and the Senate before taking effect.
The approval came after a thorough vetting process led by a Joint Committee bringing together members of the National Assembly’s Departmental Committee on Finance and National Planning and the Senate Standing Committee on Finance and Budget. The vetting examined Ang’asa’s qualifications, experience, and suitability for the role.
The CBK Board of Directors plays a critical role in shaping the bank’s policies, guiding its long-term vision, and monitoring its performance. Its responsibilities include ensuring the bank operates within the law, upholding transparency, and maintaining high standards of corporate governance.
The board also has the mandate to appoint top executives, such as the CBK Governor, while providing oversight on the bank’s daily operations and ensuring its activities align with the country’s financial priorities.
In addition, the board regularly reviews the CBK’s progress and strategies, making sure they match Kenya’s broader economic goals. The 11-member board includes the chairperson, the governor, the principal secretary to the National Treasury, and eight non-executive directors handpicked by the president.
This is not the first leadership change President Ruto has made at the CBK. In November last year, Parliament also approved his nomination of Gerald Nyaoma Arita as Deputy Governor of the Central Bank. Like Ang’asa, Nyaoma underwent a formal vetting process before his appointment was confirmed.
The approval was sealed after the Chairperson of the National Assembly Finance Committee, Kuria Kimani, moved a special motion on behalf of the joint Parliamentary Committee from both Houses. The committee had recommended Nyaoma after a detailed interview process.
Nyaoma’s journey to the top has been marked by steady career growth within the CBK. Over the years, he has accumulated vast institutional knowledge and experience that made him a strong candidate for the Deputy Governor position. His appointment came from a shortlist of six candidates provided by the Public Service Commission.
Now serving as the second Deputy Governor of the CBK, Nyaoma officially took office after his selection was ratified, strengthening the leadership team at one of Kenya’s most important financial institutions.
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