Ruto Makes Fresh Changes On CBK Board, Awaits Parliament Approval
National Assembly Speaker Moses Wetang’ula has revealed that President William Ruto has named Pius Angasa to the Central Bank of Kenya’s (CBK) board.
In a parliamentary session on Thursday, July 24, Wetang’ula stated that the president’s nomination was made in accordance with Section 11 of the Central Bank of Kenya Act.
He noted that it is awaiting approval from both the Senate and the National Assembly.
Wetang’ula stated that he submitted Angasa’s CV and other credentials to the National Assembly’s Departmental Committee on Finance and Planning.
The committee is tasked with reviewing it in preparation for the approval hearing, which is expected in the coming days.
“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,” Wetang’ula said.
Speaker Wetang’ula submits President Ruto’s nomination of Pius Angasa to CBK Board for parliamentary approval
— The Eastleigh Voice (@Eastleighvoice) July 24, 2025
Wetang’ula: The President conveys that in exercise of powers conferred by the provision of section 11 of the Central Bank of Kenya Act Cap 4, he has nominated Mr Pius… pic.twitter.com/8AnQSzmA2Q
“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.
The Senate and the National Assembly are expected to conduct a combined vetting of Angasa’s nomination.
According to Wetang’ula, the approval procedure should be completed within the next 28 days.
During these steps, Wetang’ula provided guidelines for the approval process.
These include the quorum for combined sittings and the requirement for separate votes in each House if consensus is not reached.
“While the Central Bank Act does not prescribe a timeline, the Public Appointments (Parliamentary Approval) Act gives Parliament 28 days to conclude the process,” the speaker said.
“However, since the House will be on recess for part of that time, I urge the Committees to fast-track the process.”
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“The joint committee expedite its work and submit a report by Tuesday, 12th August 2025, ahead of the long parliamentary recess starting 15th August,” it added.
The CBK’s Board of Directors is principally responsible for developing the bank’s policies and monitoring its performance.
Furthermore, the board appoints key bank management positions, such as the governor, while also overseeing the bank’s operations and ensuring effective corporate governance.
The CBK’s Board comprises of 11 members, which include the Chairman, the Governor, the Treasury Principal Secretary, and eight non-executive directors who are appointed by the President.
Ruto Makes Fresh Changes On CBK Board, Awaits Parliament Approval
