President William Ruto, on Friday, October 14, appointed Mohamed Hassan as a member of the Council of Economic Advisors.
His appointment, at a time when the new administration is keen on turning around the trajectory of Kenya’s economy, is a testament to his prowess in economics and capital markets.
His experience in international and regional capital markets spans over 21 years, having held various leadership positions.
Among the notable positions include his position as the Board Chairman of the National Bank of Kenya.
He has also served as the Managing Director and Chief Executive Officer of Dyer and Blair Investment Bank and Chairman of Kenya National Trading Corporation.
In addition, Hassan was a member of the New Partnership for Africa's Development (NEPAD) Kenya steering committee.
Hassan will join economist David Ndii who was appointed as the Chairperson of the Council of Economic Advisors, and Nancy Laibuni, a member of the council.
The three will serve under the Office of the President according to the Executive Order Ruto issued on Thursday, October 13.
Other notable departments created under the president's office include the office of fiscal and budget police and the office of economic transformation.
Notably, the government adopted a firm stance on the revival of the economy and the implementation of the bottom-up economic model that was advanced by Ruto's Kenya Kwanza Coalition during the campaigns.
Ruto further wants to introduce radical economic changes, including slashing the budget by Ksh300 million and reducing the wage bill.
Further, President Ruto also affirmed his intentions to review Kenya's borrowing options and showed signs of an inclination towards borrowing locally rather than from global financial institutions.
