By BRIAN NGUGIPresident Uhuru Kenyatta has maintained silence on when he will appoint a new Central Bank of Kenya (CBK) board, nearly one-and-a-half years since terms of five members expired. “I am sure the Central Bank itself would like to lift this shadow — It is self-evidently not optimal,” said Rich Management CEO Aly Khan Satchu. “We have finalised on the names on the board members. Under the Central Bank of Kenya Act (Cap. 491), the responsibility of determining the policy of the bank, other than the formulation of monetary policy, is given to the board of directors.

Source: Daily Nation September 19, 2016 19:18 UTC