Central Banks
Ex-IMF Economist Nominated to Head Kenya’s Central Bank
- Thugge serves in President Ruto’s economic advisers’ council
- He previously worked at the International Monetary Fund
Kamau Thugge stands in the center.
Photographer: Khalil Senosi/APThis article is for subscribers only.
Kenya’s President William Ruto nominated Kamau Thugge as the nation’s central bank governor, as he looks to boost an economy reeling from sticky inflation and a weakening currency.
Ruto sent his decision to parliament, according to a statement from his office. If approved by lawmakers, Thugge will replace Patrick Njoroge, whose second and final four-year term as head of the Central Bank of Kenya expires on June 17.