Ruto Picks Pius Angasa for CBK Board Amid Tight Vetting Deadline
President William Ruto has nominated Pius Angasa to the Central Bank of Kenya (CBK) Board, sparking political attention and setting Parliament on a tight vetting timeline.
Speaker Confirms Nomination
On Thursday, July 24, National Assembly Speaker Moses Wetang’ula officially confirmed the appointment during a Parliament session.
“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 Wetang’ula.
The appointment follows Section 11 of the CBK Act and must now undergo parliamentary approval. Both the National Assembly and Senate are expected to participate in the joint vetting process.
Tight Deadlines Looming
“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,” he added.
However, with Parliament heading into recess by August 15, the urgency to complete vetting grows.
“While the Central Bank Act does not prescribe a timeline, the Public Appointments (Parliamentary Approval) Act gives Parliament 28 days to conclude the process,” he noted.
“Since the House will be on recess for part of that time, I urge the Committees to fast-track the process,” Wetang’ula emphasized.
Committees Under Pressure
He instructed the joint committee to accelerate its work and submit its report by Tuesday, August 12.
“The joint committee should expedite its work and submit a report by Tuesday, 12th August 2025, ahead of the long parliamentary recess starting 15th August,” he directed.
This places pressure on the Finance Committee and Parliament to act swiftly.
Role of the CBK Board
The CBK Board has a critical role in shaping Kenya’s financial policy. It oversees performance, formulates policy, and makes key appointments, including that of the governor.
The Board comprises 11 members: the Chairman, the Governor, the Treasury Principal Secretary, and eight non-executive directors appointed by the President.
If approved, Pius Angasa will join this influential team amid rising scrutiny over public appointments.
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Ruto Picks Pius Angasa for CBK Board Amid Tight Vetting Deadline
