The hunt for the next Central Bank governor and Deputy governor has begun three months before the expiry of Patrick Njoroge’s term.
Public Service Commission in a notice indicated that it has embarked on a recruitment exercise for a new Central Bank of Kenya (CBK) governor.
Njoroge who is the 9th CBK governor is expected to leave office on June 18, 2023 after serving two terms of four years.
PSC is also in search of a second CBK Deputy Governor to replace Sheila M'Mbijjewe whose term is also expected to end on June 18, 2023 after completing two terms in the position.
The search for the second deputy governor’s position comes following the appointment of Susan Koech in the position on March 10, 2023 by President William Ruto after undergoing parliamentary vetting.
“Pursuant to the provisions of Article 231 of the Constitution of Kenya 2010 and Sections 13-15 of the Central Bank of Kenya Act, Chapter 491, the Public Service Commission hereby invites applications from suitably qualified persons for the positions of Governor and Deputy Governor of the Central Bank of Kenya,” said PSC Chairperson Anthony Muchiri, in the notice to the public.
The position for the 10th central bank governor is opened to Kenyan citizens only with Bachelors and a Masters degree in economics, banking, finance or law.
The applicants are also required to have at least 10 years' experience at senior management level in the field of economics, banking, finance, law or other fields relevant to the functions of the Central Bank.
Before his appointment to CBK in 2015 Njoroge served at International Monetary Fund (IMF) as an economist.
His tenure at the helm of Kenyas’ banking regulator has presented a mixed bag of fortunes that witnessed issuance of new notes, collapse of banks, depreciating shilling to lowest ever margins and an attempt to bring sanctity in the digital lending space.
In the notice PSC says it expects all applications to be submitted on or before April 19, 2023 before 5PM.