National Assembly Speaker Moses Wetang'ula has confirmed that President William Ruto has appointed Pius Angasa as a board member of the Central Bank of Kenya (CBK).
In a parliament session on Thursday, July 24, Wetang'ula said that the nomination by the president was made in line with the Kenya Section 11 of the Central Bank of Kenya Act, and is waiting for approval from both the Senate and the National Assembly.
Wetang'ula said that he had submitted Angasa's curriculum vitae alongside his other credentials to the National Assembly’s Departmental Committee on Finance and Planning for review in readiness for an approval hearing, which is expected in the coming days.
"I wish to report to the House that I have received a message from His Excellency the President regarding the nomination of a person for appointment to the board of the Central Bank of Kenya," Wetang'ula said.
“The approval process should be undertaken in line with the provisions of the Public Appointments (Parliamentary Approval) Act and concluded within 28 days, which lapses on August 20, 2025,” he added.
Both the Senate and the National Assembly will be expected to conduct a joint vetting of the nomination of Angasa. According to Wetang'ula, the approval process should be concluded within the next 28 days.
During the proceedings, Wetang'ula outlined guidelines for the approval process, including the quorum for the joint sittings and the requirement for separate voting by each House in case consensus is not reached.
“While the Central Bank Act does not prescribe a timeline, the Public Appointments (Parliamentary Approval) Act gives Parliament 28 days to conclude the process. However, since the House will be on recess for part of that time, I urge the Committees to fast-track the process,” the speaker said.
"The joint committee expedite its work and submit a report by Tuesday, 12th August 2025, ahead of the long parliamentary recess starting 15th August," it added.
The Board of Directors of the CBK is primarily responsible for formulating policies of the Bank and reviewing the Bank's performance.
Additionally, the board appoints key management positions of the bank, such as the governor, as well as providing oversight of the Bank's functions and ensuring effective corporate governance.
The CBK's Board comprises of 11 members, which include the Chairman, the Governor, the Treasury Principal Secretary, and eight non-executive directors who are appointed by the President.
