The National Assembly has officially approved the appointment of Pius Ang’asa as a member of the Central Bank of Kenya (CBK) Board of Directors, marking a significant addition to the apex bank’s leadership team.
Ang’asa was nominated in July by President William Ruto under Section 11 of the Central Bank of Kenya Act. His confirmation followed a rigorous vetting process conducted jointly by the National Assembly’s Departmental Committee on Finance and National Planning and the Senate Standing Committee on Finance and Budget.
The CBK Board plays a pivotal role in steering the bank’s strategic direction, formulating policy, and ensuring effective oversight of its operations.
Its responsibilities extend to appointing senior executives, including the CBK Governor, and safeguarding the institution’s adherence to its mandate, corporate governance principles, and national financial goals.
The board comprises 11 members: the chairperson, the governor, the principal secretary to the National Treasury, and eight non-executive directors appointed by the president. Ang’asa now joins this elite team, bringing with him expertise expected to bolster the bank’s policy-making and governance functions.
His appointment comes less than a year after another major leadership change at CBK. In November 2024, Parliament approved the nomination of Gerald Nyaoma Arita as Deputy Governor following a joint vetting process by both houses. Nyaoma, a seasoned CBK insider, now serves as the institution’s second Deputy Governor, selected from a competitive shortlist prepared by the Public Service Commission.
With Ang’asa’s entry, financial analysts expect the CBK Board to continue strengthening its policy oversight as Kenya navigates a complex economic landscape marked by inflationary pressures, shifting interest rates, and evolving global market conditions.
His role will be instrumental in ensuring that the central bank’s policies remain aligned with the country’s long-term economic stability and growth objectives.
