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Dr Patrick Njoroge has been re-appointed as Central Bank of Kenya Governor for another four year term by President Uhuru Kenyatta.
In a special gazette notice, Dr. Njoroge whose tenure was set to end on June 19, 2019 was extended until 2023.
The CBK Governor was appointed in June 2015 on a four-year contract.
Contract extended
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Njoroge had played down speculation on whether he would be reappointed, saying “he is not spending all day by the phone” waiting for a call from the President.
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Central Bank of Kenya Governor Dr Patrick Njoroge
“I think all those that are asking me about whether the job offer is coming and all that, my view is simple. If it comes, it comes,” Dr Njoroge had said in response to questions from reporters.
Dr Njoroge, a former International Monetary Fund adviser, assumed the governor’s office amid a currency slump and inflation risks.