MPs have greenlit Dr. Kamau Thugge as the new Central Bank of Kenya (CBK) Governor. As the successor to Patrick Njoroge, Thugge steps into his 10th Governor’s shoes amidst brewing storms of high inflation, dollar scarcity, and a dwindling exchange rate.
Handpicked by President William Ruto, Thugge, the ex-Treasury principal secretary, has a clear-cut plan for his new reign. His key goal? Creating a robust, efficient banking landscape encourages consolidation and fosters bigger, more resilient entities.
The countdown begins as Thugge is expected to don his new title anytime before June 17, picking up the reins from outgoing Governor Patrick Njoroge. Will Thugge be the game-changer Kenya’s banking sector needs? Only time will tell!