Parliament to vet Pius Angasa for CBK board appointment after Ruto's nomination

Parliament to vet Pius Angasa for CBK board appointment after Ruto's nomination

Wetang’ula directed that the nomination, along with Angasa’s CV and supporting documents, be submitted to the National Assembly Departmental Committee on Finance and Planning for processing.

The National Assembly has been formally notified of President William Ruto’s nomination of Pius Angasa for appointment to the Board of Directors of the Central Bank of Kenya (CBK).

National Assembly Speaker Moses Wetang’ula made the communication on Thursday, stating that he had received a message from the Head of State pursuant to 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 said.

He explained that the President was seeking parliamentary approval for Angasa’s appointment, in accordance with legal provisions governing public appointments.

Wetang’ula directed that the nomination, along with Angasa’s curriculum vitae and supporting documents, be submitted to the National Assembly Departmental Committee on Finance and Planning for processing. The committee will conduct a joint vetting exercise with its Senate counterpart and compile a report for tabling in the House.

Senate Speaker Amason Kingi also delivered the same message to the Senate, paving the way for the two Houses to hold a joint approval hearing.

“The approval process should be undertaken in line with the provisions of the Public Appointments (Parliamentary Approval) Act and concluded within 28 days, which lapses on August 20, 2025,” Wetang’ula said.

With Parliament expected to adjourn for a long recess, the Speaker urged the committee to expedite the process and ensure the final report is ready by August 12, 2025.

The CBK Board plays a critical role in determining the Bank’s policies and reviewing its overall performance. The Board holds regular meetings to receive updates on CBK’s operations, policy implementation, and developments in the financial sector and the economy.

The CBK Act outlines the qualifications, appointment procedures, and responsibilities of board members. It also establishes the Monetary Policy Committee, which, under the leadership of the CBK Governor, independently formulates the country’s monetary policy.

The CBK management team comprises the Governor, two Deputy Governors, and the Board of Directors. All appointments undergo parliamentary vetting before being confirmed by the President. The current Board Chairperson is Andrew Musangi.

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