President William Ruto has nominated Pius Angasa for appointment to the Board of Directors of the Central Bank of Kenya (CBK), setting in motion a vetting process that will involve both Houses of Parliament. The announcement was made on Thursday, July 24, by National Assembly Speaker Moses Wetang’ula, who informed members of a formal message from the Head of State regarding the nomination.
The nomination was made pursuant to Section 11 of the Central Bank of Kenya Act, which governs appointments to the CBK Board. Speaker Wetang’ula noted that President Ruto had requested parliamentary approval in accordance with the provisions of the Public Appointments (Parliamentary Approval) Act.
Wetang’ula forwarded Angasa’s name, curriculum vitae, and other supporting documents to the National Assembly’s Departmental Committee on Finance and Planning. This committee is expected to conduct a joint vetting process with its Senate counterpart and submit a report within 28 days — by August 20, 2025. However, due to Parliament’s upcoming long recess, members have been urged to expedite the process and aim to table the final report by August 12.
Senate Speaker Amason Kingi confirmed receiving a similar communication and echoed the importance of adhering to the timeline.
The CBK Board plays a critical role in determining the policies of the Bank and reviewing its performance. While the Governor, currently serving as the Bank’s Chief Executive Officer, chairs the Monetary Policy Committee and is responsible for formulating monetary policy, the Board offers oversight on broader institutional governance and financial sector performance.
The current CBK Board is chaired by Andrew Musangi. The Board typically includes individuals with expertise in finance, economics, and public policy, in line with qualifications outlined in the CBK Act.
Angasa’s nomination underscores President Ruto’s ongoing efforts to strengthen governance in key financial institutions. Once vetted and approved, he will join the Board at a time when Kenya faces critical economic and financial challenges, including managing inflation and stabilizing the currency. His experience and policy insights are expected to contribute to the CBK’s mandate of maintaining monetary stability and fostering economic growth.
