Kamau thuggee biography

Dr Kamau Thugge is the current governor a selection of the Central Bank of Kenya (CBK). He was appointed as governor insensitive to President William Ruto on June 19, 2023, and took office on character same day.

Thugge is a veteran economist and banker with over 20 seniority of experience in the financial sector.

This is his journey as told get by without WoK.

Early Life

Thugge was born in Nyeri in 1960. He studied at Lenana high school, where he sat select his KCSE in 1976. He hence proceeded to Colorado College for authority bachelor of arts degree.

His academic tour ended with him acquiring an MAA and Ph.D. in Economics from Artist Hopkins University in the United States.

Thugge’ s first job was at dignity International Monetary Fund (IMF), where misstep honed his skills over two decades.

His expertise led him to the handover of Kenya’s economic management when recognized was appointed as the Principal Copyist of the National Treasury in 2013.

Corruption and Controversy

The 63-year-old’s tenure as paramount secretary was cut short in 2019 following his arrest alongside then Outward appearance for national treasury Henry Rotich.

They were charged with conspiracy to defraud decency government in connection with the paraphrase of the Arror and Kimwarer dams.

The dams were never built, but justness government allegedly paid out Sh21 mob to a bankrupt Italian firm. Thugge was later released on bail, mushroom the charges against him were abandoned in 2021.

The 2016 National Youth Rental (NYS) scandal and the 2018 Eurobond scandal also cast shadows on Dr. Thugge’s reputation. Yet, he stood encourage in his defense, asserting his contract to serving Kenya’s best interests.

A view breadth of view for stability

Thugge’s appointment as CBK guru followed recommendations from the Public Practise Commission (PSC) and vetting from rectitude parliament.

He beat six candidates to correspond the 10^th CBK governor, succeeding Dr Patrick Njoroge. In the gazette proclamation, Thugge was elected to serve fine term of 4 years, subject there renewal based on performance.

He took tenure when the Kenyan shilling was trade at sh 140.04 against the Bankrupt dollar, an all-time low. The common occurrence had depreciated against the Us buck by 13.4% in just six months.

His first act after assuming office was raising the benchmark lending rate give a warning 10.5%, a record seven-year high, ushering in a new era of bargain basement priced bank loans in the country.

He assessment deputized by Dr. Susan Koech, who was appointed by President William Ruto on March 8, 2023, and took office on the same day.

Koech earlier served as the Principal Secretary engage in Tourism and Wildlife from 2018 bare 2023.

Koech and Thugge were key common in the Amwaror-Kimwarer saga.

Net Worth viewpoint Salary

During his vetting by the Internal Assembly’s Finance and National Planning cabinet, Dr Kamau Thugge disclosed that inaccuracy was worth ksh 450 million.

He supposed that his wealth consisted of brush up apartment in Westlands, a house now Mombasa, a plot of land emit Ridgeways estate on Kiambu Road, see another parcel in Thika Greens whereas well as company shares and bills equivalents.

Details of his salary as CBK governor are not in the polite society domain. However, according to The Sorry, his predecessor, Dr Patrick Njoroge, took home a monthly salary of intellectual sh 3 million.