Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1503082,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1503082/?format=api",
    "text_counter": 322,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": " My apologies, Hon. Speaker. Hon. Speaker, I beg to move the following Special Motion: THAT, taking into consideration the findings of the Joint Committee of the National Assembly Departmental Committee on Finance and National Planning and the Senate Standing Committee on Finance and Budget in its Report on the vetting of a nominee for appointment as the Deputy Governor of the Central Bank of Kenya, laid on the Table of the House on Wednesday, 27th November 2024, and pursuant to Section 13B(1) of the Central Bank Act, CAP 491, and Sections 3 and 8 of the Public Appointments (Parliamentary Approval) Act, 2011, this House approves the appointment of Mr Gerald Nyaoma Arita as the Second Deputy Governor of the Central Bank of Kenya. Article 231 of our Constitution sets out the establishment of the CBK, which is responsible for formulating monetary policies, promoting price stability, issuing currency and performing other functions conferred to it by an Act of Parliament. The Joint Committee conducted approval hearings of the nominee to ascertain his suitability for the role of the Deputy Governor of the CBK. The Deputy Governor plays a very critical and pivotal role in ensuring that the institution fulfills its constitutional and statutory mandates. Those responsibilities are outlined in the Constitution of Kenya and the CBK Act, CAP 491. They include, among others, the development and execution of monetary policies to maintain price stability and to promote sustainable economic growth, financial stability, bank supervision, ensuring efficiency in the payment systems, and supporting the Governor in executing duties that may be assigned to the Deputy Governor."
}