Central Bank of Kenya

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Central Bank of Kenya
Banki Kuu ya Kenya
Central Bank of Kenya.jpg
Coordinates1°17′24″S 36°49′30″E / 1.28988°S 36.824922°E / -1.28988; 36.824922Coordinates: 1°17′24″S 36°49′30″E / 1.28988°S 36.824922°E / -1.28988; 36.824922
Established1966 (1966)
Ownership100% state ownership[1]
Central bank ofKenya
CurrencyKenyan shilling
KES (ISO 4217)
Reserves7 510 million USD[1]
Preceded byEast African Currency Board
Websitewww.centralbank.go.ke Edit this at Wikidata

The Central Bank of Kenya (CBK) (Swahili: Banki Kuu ya Kenya) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Patrick Ngugi Njoroge is current Governor of CBK and Sheila M’Mbijjewe is the Deputy Governor.

Organizational structure[edit]

Management[edit]

The bank’s executive management team comprises the governor, deputy governors and heads of departments. The governor assumes the role of Chief Executive Officer of the bank and is therefore responsible for its overall management. The governor is also the bank’s official spokesperson.

Governor[edit]

The current governor of the bank is Patrick Ngugi Njoroge. Former governors of the Bank are:[2]

Deputy governor[edit]

The current deputy governor is Sheila M'Mbijjewe. Former deputy governors include:

  • Dr. Haron Sirima (2011–2015)
  • Dr. Hezron Nyangito (2008–2011)
  • Jacinta Wanjala Mwatela (2004–2008), acting Governor 2006–2007[3]
  • Edward C. Sambili (2001–2004)[4]
  • Thomas Nzioki Kibua (1993–2001)[5]
  • Wanjohi Muriithi (1991–1993)[6]
  • Eliphaz Riungu (1988–1991)
  • Eric Cheruiyot Kotut (1984–1988)[7]
  • Ahmed Abdallah (1967–1984) [8][9]

Members of the board[edit]

The current board of directors is as follows:[10]

  • Mohammed Nyaoga – Chairman of the Board
  • Principal Secretary to the National Treasury
  • Dr. Patrick Njoroge – Governor
  • Nelius Kariuki – member
  • Rachel Dzombo – member
  • Ravi Ruparel – member
  • Samson Cherutich – member
  • Charity Kisotu – member

Departments[edit]

  • Governor's Office
  • Banking Services
  • National Payments System and Risk Management
  • Research
  • Bank Supervision
  • Financial Markets
  • Currency Operations and Branch Administration
  • Strategic Management
  • Finance and IMS
  • Procurement and Logistics Services
  • Internal Audit
  • Human Resources
  • Kenya School of Monetary Studies

See also[edit]

References[edit]

  1. ^ a b https://d-nb.info/1138787981/34
  2. ^ "Archived copy". Archived from the original on 2013-01-17. Retrieved 2013-01-01.CS1 maint: archived copy as title (link)
  3. ^ Kenya Gazette. 27 May 2005. p. 1162. Retrieved 1 January 2013.
  4. ^ Kenya Gazette. 17 August 2001. p. 1832. Retrieved 1 January 2013.
  5. ^ Kenya Gazette. 4 July 1997. p. 1184. Retrieved 1 January 2013.
  6. ^ Kenya Gazette. 10 January 1992. p. 22. Retrieved 1 January 2013.
  7. ^ Kenya Gazette. 26 October 1986. p. 1398. Retrieved 1 January 2013.
  8. ^ Kenya Gazette. 7 January 1983. p. 2. Retrieved 1 January 2013.
  9. ^ Kenya Gazette. 16 October 1984. p. 1482. Retrieved 1 January 2013.
  10. ^ "Archived copy". Archived from the original on 2013-01-16. Retrieved 2013-01-01.CS1 maint: archived copy as title (link)

External links[edit]