Thursday August 17, 2023 –Andrew Musangi is the new Chairperson of the Central bank of Kenya. President William Ruto has nominated him for the plum position.
Making the announcement today Thursday August 17, Speaker Moses Wetang’ula said the name of Musangi had been brought forward to his desk for consideration by the lawmakers in Parliament.
“Pursuant to the provisions of Standing Order number 42, I wish to convey a message from His Excellency the President regarding the nomination of Andrew Mukite Musangi for appointment as Chairperson of the Board of the Central Bank of Kenya,” Wetang’ula stated.
At the Parliament, Mr. Musangi’s will be vetted after he was picked from six candidates shortlisted by the Public Service Commission PSC.
The nominee is now set to undergo official vetting by the Departmental Committee on Finance and National Planning jointly with Senate Standing Committee on Finance and Budget.
Musangi, moreover, a non-executive director at Centum Investment Company Limited, is the son-in-law of the late billionaire businessman Chris Kirubi.
This appointment happened today simultaneously with that of the Director of Public Prosecution DPP.