Nairobi, April 2 -- A nominee for the position of Governor of the Central Bank of Kenya (CBK) will be approved by both the National Assembly and the Senate if proposed changes to the law are accepted.

A newly published Bill says the present CBK Act limits the approval of nominees to the National Assembly, locking out the Senate which represents the interests of the 47 counties.

"The principal object of this Bill is to amend the Central Bank Act to provide that Parliament shall approve the nomination of the Governor of the Central Bank. This amendment is intended to harmonize the approval requirements for the various administrative offices in the Central Bank" the Central Bank (Amendment) Bill, 2024 sponsored by Migori Senator Eddy Oketc...