Kenya: CBK Governor Nominee Thugge Roots for Issuance of Locally Sold Dollar Denominated Bond

30 May 2023
Capital FM (Nairobi)
By Irene Mwangi

Nairobi — Central Bank of Kenya (CBK) Governor nominee Kamau Thugge is proposing the issuance of locally sold dollar denominated bond with the government offering good rate to aid liquidity.

He noted that the government wants to Kenyans an incentive to stop stockpiling dollars in bank and release the money into the economy.

The adept economist told the Finance Commitee that his net worth is 450 million Shillings which includes properties in Mombasa, a plot of land in Ridgeways, Kiambu Road and in Thika Greens.

President William Ruto nominated him on May 15, following the imminent retirement of Patrick Njoroge, whose two terms end next month.

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