President Uhuru Kenyatta on Tuesday announced the reappointment of Patrick Njoroge as the CBK governor.
Njoroge whose term was in its final days has done a great job to steady the currency, has launched efforts to boost loans to small businesses using stawi product and initiated a market-led bank consolidation. This has put him in good standing, thus retaining the job.
The extension of his tenure comes days after he launched the new bank notes as a tool to tackle money laundering in the country.
Njoroge’s term at CBK was set to end on June 18, 2019. With the new reappointment, the Governor will sevr for another 4 years.