Kenyan Lawmakers Approve Thugge as Next Central Bank Governor
- Incumbent governor’s second four-year term ends June 17
- Inflation rate has exceeded bank’s target since last June
Kamau Thugge
Photographer: Khalil Senosi/AP Photo
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Kenyan lawmakers confirmed Kamau Thugge’s appointment as governor of the central bank, a key step in an overhaul of the monetary authority’s top leadership.
Thugge, 66, will succeed Patrick Njoroge, whose second four-year term ends on June 17, and chair his first monetary policy committee meeting next month. Deputy Governor Sheila M’Mbijjewe and Chairman Mohammed Nyaoga will conclude their eight-year tenures on the same day and the government is preparing a shortlist of their replacements.