NAIROBI, Kenya – President William Ruto has nominated Pius Angasa for appointment to the Board of Directors of the Central Bank of Kenya (CBK), setting the stage for a joint parliamentary vetting process before formal approval.
The nomination was formally communicated to Parliament on Thursday by National Assembly Speaker Moses Wetangula, who announced that the nomination falls under Section 11 of the CBK Act, which governs the composition and functions of the board.
“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,” said Speaker Wetang’ula while addressing MPs on the floor of the House.
The Senate Speaker Amason Kingi issued a similar communication in the Senate, with both Houses expected to conduct a joint approval hearing through the relevant committees.
Wetang’ula has referred Angasa’s nomination, including his curriculum vitae and supporting documents, to the National Assembly’s Departmental Committee on Finance and Planning.
The committee will work alongside its Senate counterpart to vet the nominee and submit a report to Parliament.
“The approval process should be undertaken in line with the Public Appointments (Parliamentary Approval) Act and concluded within 28 days, which lapse on August 20, 2025,” Wetang’ula stated.
With Parliament scheduled to go on a long recess, the Speaker urged the committees to expedite the vetting process and table the report by August 12, 2025.
CBK Board’s Role and Composition
The CBK board plays a key role in determining the policy direction of Kenya’s central bank and reviewing its overall performance.
The board operates independently of the Monetary Policy Committee, which is chaired by the CBK Governor and is responsible for formulating monetary policy.
The board is currently chaired by Andrew Musangi and comprises the Governor, two Deputy Governors, and a number of directors appointed through a presidential nomination and parliamentary approval process.
Under the CBK Act, all directors must meet strict qualifications and are expected to act independently in promoting sound monetary policy and financial sector stability.
