The former Wildlife Principal Secretary Susan Koech has been nominated as the deputy governor for CBK.
According to order papers for Tuesday’s sitting, the senate Speaker, Amason Kingi is expected to convey the message from President William Ruto and give direction on when her Approval Hearing will be conducted before the House votes on her suitability to take up the post.
The CBK has been without a deputy governor for the past seven years, attracting the attention of the Auditor General as it is a breach of law.
Ten candidates had been shortlisted to fill the position of Second Deputy Governor of the Central Bank of Kenya (CBK).
They included James Lopoyetum, Susan Koech, Micheal Mwebesa, Former Capital Markets Authority (CMA) Chief Executive Officer Paul Muthaura, Munir Ahmed, former Higher Loans Education Board CEO Charles Ringera, Jean Awinja, Gerald Arita, Rose Ngugi, and Fredrick Oyugi.
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The Central Bank Act provides that there shall be two Deputy Governors who shall be appointed by the President through a transparent and competitive process and with the approval of Parliament.
The Deputy Governors shall hold office for a term of four years but shall be eligible for re-appointment for one further term of four years.
Sheila M’Mbijjewe has served as the Deputy Governor of the Central Bank of Kenya since 2015.