NAIROBI, Kenya, Jun 6 – President Uhuru Kenyatta has extended Patrick Njoroge’s term as the Central Bank Kenya governor for a period of four years with effect from 18th June 2019.
This comes a few days later after the governor launched new currency notes that has so far witnessed EALA MP Simon Mbugua and activist Okiya file a petition challenging the issuance of the new notes.
In a statement to newsrooms, President Uhuru Kenyatta has also re-appointed CBK’s Deputy Governor Sheila M’Mbijjewe for another four years.
Njoroge has been in office since June 19, 2015, and became the ninth governor of the CBK since the institution was established in 1966.
President Uhuru Kenyatta has extended Patrick Njoroge term as the Central Bank Kenya governor for a period of four years with effect from 18th June 2019.
During his tenure, inflation has remained stable averaging at 6.2 per cent that is within the government’s target band of 2.5-7.5 per cent.
The shilling has also remained stable at an average of Sh101.97 to the US dollar over the period