Gerald Nyaoma Arita officially commenced his duties as the Deputy Governor of the Central Bank of Kenya (CBK) on Tuesday, following his appointment by President William Ruto.
Nyaoma got the nod to take up the position after the Senate Finance and Budget Committee, in conjunction with the National Assembly Departmental Committee on Finance and Planning, approved his nomination.
The new Deputy Governor is well-acquainted with the monetary authority, having had a long and distinguished career at the Bank since joining in August 1988. He has held various senior positions, including roles in the Financial Markets, Banking Services, and Internal Audit Departments, culminating in his position as Director of the Bank Supervision Department.
During his parliamentary vetting, Nyaoma noted that he had worked across many departments within the Central Bank and had trained numerous staff members to take on his responsibilities. He expressed confidence that the team he left behind was competent enough to elevate the Central Bank to greater success due to the rigorous training they received.
“On behalf of the CBK Board, Management and Staff, I wish to congratulate Mr. Nyaoma on his appointment. It is an honour and a pleasure to welcome him back to the Central Bank of Kenya,” said CBK Governor Dr. Kamau Thugge.
Nyaoma holds an M. Phil. (Econ.) degree from the University of Cambridge, UK, as well as a BA (Economics) degree from the University of Nairobi. He is a Certified Public Accountant (CPA-K), a Certified Public Secretary (CPS-K), and an Associate of the Kenya Institute of Bankers (AKIB). He has also served on the Board of the SACCO Societies Regulatory Authority as an Alternate Member to the Governor.
