CBK boss Thugge put in a corner over weakening shilling

Central Bank Governor Kamau Thugge responded to audit queries when he appeared before the National Assembly Public Accounts Committee at Parliament. [Boniface Okendo, Standard]

Central Bank of Kenya Governor Kamau Thugge has identified fiscal consolidation, early repayment of government debts and attracting foreign direct investments as the cure to the depreciating Kenyan Shilling.

The Governor revealed this after he was taken to task by MPs over the depreciation of the Shilling compared to other currencies in the region on Tuesday.