Susan Koech, a career banker who has also held top government positions, has been named as the second deputy governor of the central bank, according to a spokesperson for President William Ruto.
The position had been vacant for over five years because Ruto’s predecessor neglected to replace it after the last occupant left. Governor Patrick Njoroge and one deputy, Sheila M’mbijiwe, have led the bank.
Ruto’s spokeswoman, Hussein Mohamed, stated on Twitter late on Friday that Ruto had made the appointment via a formal notice.
Legal experts told African Scoop, Koech might serve as interim governor if Njoroge and M’mbijiwe’s replacements are not selected before June. Njoroge and M’mbijiwe’s tenure is set to expire in June .
The law stipulates that the bank must employ two deputies. Neither the central bank nor the previous administration has ever commented on the second deputy position.
Ruto announced the appointment after his Kenya Kwanza political alliance, which holds a majority in parliament, endorsed Koech’s nomination.
Koech has a doctorate in business from Moi University in Kenya. Prior to entering the government in 2018, she worked as a senior official in two ministries at the KCB Group, a leading local lender, where she held various positions for nearly two decades. Buy or Sell Used Items in Uganda
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