President Ruto nominates Kamau Thugge as CBK Governor

Former Treasury PS Kamau Thugge. [Boniface Okendo,Standard]

President William Ruto has nominated former Treasury Principal Secretary Dr Kamau Thugge for the appointment of Central Bank of Kenya Governor.

Thugge will replace Dr Patrick Njoroge who has served as the ninth CBK governor from June 19, 2015.

Njoroge is set to exit on June 17, 2023.

"The nominee is a career economist who has served in senior positions within fiscal, monetary and economic policy making positions both locally and abroad," reads a statement by State House Chief of Staff Felix Kosgei.

"Dr. Thugge is currently serving the nation as a Senior Advisory and Head of Fiscal and Budgetary Policy within the presidency; in addition to serving as a Member of the President's Economic Council."

The former Treasury PS was among six candidates shortlisted for the position of Public Service Commission (PSC).

Others shortlisted for the position were; Adan Abdalla, Nancy Onyango, Edward Sambili, Haron Sirima, and Dorcas Mutonyi.

Thugge served as Treasury Principal Secretary before he was hounded out of office in 2020 over charges of abuse of office, conspiracy to defraud, and engaging in a project without planning.

The charges were, however, dropped in 2021.