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Former National Bank of Kenya (NBK) Chief Executive Officer has made it to the list of 10 candidates for the position of deputy governor National Bank of Kenya.
Munir Sheikh was selected by the Public Service Commission (PSC) alongside Susan Jemutai, former East African Community ministry principal secretary.
Jemutai was dropped from the KSh 63 billion Arror and Kimwarer dam scandal suspect case.
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The NBK ex-boss made it to the list after receiving KSh 26.5 million compensation in 2020, following his unfair dismissal in 2016, Nation reported.
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PSC listed 79 applicants for the position and later shortlisted 10, who include finance experts.
Charles Ringera (Higher Education Loan Board CEO), former water PS James Teko, and CBK bank supervision director Gerald Arita are on the list.
Others include Christopher Mwebesa – Central Depository and Settlement Corporation CEO, and Jean Moira – portfolio director at financial management Gavi, based in Geneva, Switzerland.
Kenya Ports Authority (KPA) risk manager Fredrick Otieno, Capital Markets Authority (CMA) former CEO Paul Muriithi, are also on the list.
The position was advertised in October 2022, locking out salaried employees of public entities and members of parliament or county assemblies.
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The qualified candidate will take over at the time the regulator has been trying to curb the rising rate of inflation.
The Central Bank of Kenya (CBK) Monetary Policy Committee raised the base interest rate to 8.75%.
The committee cited rising inflation saying the change from 8.25% to 8.75% will help stabilise the cost of living.
Kenya's inflation increased to a record five-year high of 9.6% following the rise in food and fuel prices.
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Source: TUKO.co.ke
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