Ecobank shops for M’Mbijiwe, Nyaoga replacement, pending their confirmation

Ecobank Transnational Incorporated (ETI) is pondering the next move following the appointment of its non-executive director Sheila M'Mbijiwe as Central Bank of Kenya's (CBK) deputy governor.

Also expected to step down is Ecobank Kenya Chairman Mohammed Nyaoga. Mr Nyaoga is likely to be confirmed as CBK Chairman, following his approval by Parliament. Nyaoga was appointed Ecobank Kenya chairman in July, 2014. "I will have to resign from my position as chairman of the Ecobank Kenya board once my appointment at CBK is formalised and confirmed," said Nyaoga.