Why CBK chief Njoroge could get term extension

Central Bank of Kenya (CBK) Governor Patrick Njoroge addresses the press at his office on Thursday,28,2019. He hassaid there is no fake currency in circulation. [Beverlyne Musili,Standard]

Kenyan President Uhuru Kenyatta is likely to reappoint Patrick Njoroge for a second term as governor of the central bank, according to people with direct knowledge of the matter.

A steady currency, efforts to boost loans to small businesses and market-led bank consolidation put him in good standing to retain the job, according to the people, who asked not to be identified because the matter is still private.