State kicks off search for new CBK bosses

The Public Service Commission has begun the process of recruit the next Central Bank of Kenya (CBK) governor and deputy in readiness for the imminent retirement of the current office holders.

The recruitment seeks to identify a suitable replacement for the current CBK Governor Patrick Njoroge and Deputy Governor Sheila M’Mbijjewe, whose final four-year term comes to an end in June.

The two are not eligible to serve another term as they have both served the maximum two four-year terms allowed by the law.

 “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 position of Governor and Deputy Governor of the Central Bank of Kenya,” said PSC in a public announcement.

To qualify for the Governor position, one needs to hold a bachelor’s and master’s degree in economics, banking, finance, law or other relevant fields.

The applicant must be a person of recognised professional standing with over 10 years’ experience at senior management level in the above-named fields.

Further, the applicant must have a deep understanding of global financial sector trends and meet the requirements of Chapter Six of the Constitution.

Unlike the CBK governor’s position, deputy is not required to hold a master’s degree. The experience and knowledge requirements are, however, comparable to that of the position of the governor.

Those interested in the positions are required to send their applications to the PSC before April 19 this year.