Entry Instance

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

{
    "id": 1563090,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563090/?format=api",
    "text_counter": 230,
    "type": "speech",
    "speaker_name": "Sen. (Dr.) Khalwale",
    "speaker_title": "",
    "speaker": {
        "id": 170,
        "legal_name": "Bonny Khalwale",
        "slug": "bonny-khalwale"
    },
    "content": "Approval) Act, the Senate approves the appointment of the following nominees as members of the Board of the Central Bank of Kenya- (1) FCPA Sophie Moturi; (2) CPA Abdullahi Mohamed Abdi; (3) Ms. Beatrice Kosgei; and, (4) Mr. David Simpson Osawa Owuor. Mr. Speaker, Sir, just to remind Members, the Board of Directors of the Central Bank of Kenya is established under Section 10 of the Central Bank Act, Cap 491. The Board is responsible for determining the policy of the Bank, but this excludes the formulation of monetary policy, setting the Bank's objectives and overseeing its financial management and strategic direction, continuously reviewing the Bank's performance in carrying out its functions, and consistently monitoring the Governor's performance in fulfilling the responsibilities of the office and ensuring that the Bank achieves its objectives, assessing whether policy statements issued under Section 4B aligns with the Bank's primary functions and objectives under Section 4 and maintaining constant oversight over the use of the Bank's resources. When we did the above exercise, we found that all the four nominees demonstrated integrity and professionalism. They possess extensive experience relevant to monetary policy, banking, finance and regulatory matters, as they fulfilled all the legal and constitutional requirements for appointment. Briefly, we found that FCPA Sophie Muturi is a seasoned finance and governance expert with over 38 years of diverse experience spanning from public service, accounting, non-governmental organizations, corporate boards and international development work. Secondly, CPA Abdullahi Mohamed Abdi is a finance and governance practitioner with 22 years of experience, especially in the non-governmental organisation sector and financial management. He has served in different capacities in diverse operational and leadership roles that include serving as an accountant, finance administrator and manager at Womankind Kenya, a senior relationship manager at Chase Bank, among others. We also found that Ms. Beatrice Kosgei is a legal expert with over 34 years of progressive experience in public service and corporate governance. She is an advocate of the High Court of Kenya and holds a Masters of Law degree specialising in Commercial and Cooperative Law."
}