×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

It's baptism by fire for new CBK boss as shilling in another low

Central Bank of Kenya Governor Nominee Kamau Thugge. [File, Standard]

It will be baptism by fire for incoming Central Bank of Kenya (CBK) Governor Dr Kamau Thugge, with the shilling hitting a new record low of Sh139 against the dollar yesterday amid rising inflation.

The former National Treasury Principal Secretary is awaiting formal appointment by President William Ruto following his approval by Parliament as the tenth CBK governor on Wednesday.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
By Sofia Ali 3 hrs ago
Business
Official: State-owned tourism facilities key to sector growth
Business
Nedbank offers Sh109.5 billion for 66 per cent stake in NCBA
Business
Nedbank seeks controlling stake in NCBA Group
Business
Kenya targets 5.5m international tourists in the next two years