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{
    "id": 571515,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/571515/?format=api",
    "text_counter": 112,
    "type": "speech",
    "speaker_name": "Hon. Ethuro",
    "speaker_title": "The Speaker",
    "speaker": {
        "id": 158,
        "legal_name": "Ekwee David Ethuro",
        "slug": "ekwee-ethuro"
    },
    "content": " Hon. Senators, I have a communication to make regarding the appointment of the Chairperson, Governor and Deputy Governor of the Central Bank of Kenya (CBK). Hon. Senators, on Thursday, 25th June, 2015, the Senator for Kakamega County, (Dr.) Khalwale, while on a point of order, sought the Chair’s directions on the vetting process of the nominees for appointment as the Governor and Deputy Governor of the CBK. He drew the attention of the Chair to the provisions of Sections 13 and 13(b) of the CBK Act, Cap 491 which require the approval of Parliament before the nominees are appointed to office. I wish to apologise for the delay in the response. Specifically, Sen. (Dr.) Khalwale stated that the National Assembly had undertaken and concluded the vetting process and approved the nominees and the Senate was not involved in the vetting and approval of the nominees as required by the CBK Act. He reminded the House that in a similar provision of another statute, a precedent had been set where the Inspector General of Police was vetted by a joint vetting committee of both Houses. The Senator sought guidance from the Chair on what intervention the Senate would undertake to ensure the appointment of the Governor and Deputy Governor of the Central Bank of Kenya was done through due process. The matter was also canvassed by the Senate Minority Leader who further sought to know the implications of an appointment without vetting by the Senate as required by the law. Hon. Senators, Article 231 of the Constitution establishes the Central Bank of Kenya and mandates Parliament to enact legislation to provide for the composition, powers, functions and operations of the Central Bank of Kenya. The legislation contemplated by this Article is the Central Bank of Kenya Act, CAP 491 of the Laws of Kenya. Section 11 of the Central Bank of Kenya Act provides for the composition of the Board of Directors of the Bank as follows- (a) the Chairperson, (b) the Governor, (c) the Permanent Secretary to the Treasury or his representative who shall be a non-voting member; and, (d) five other non-executive directors (who shall be appointed by the President with the approval of Parliament). Further, Sections 13 and 13B of the same Act establish the offices of the Governor and two Deputy Governors who shall be appointed by the President with the approval of Parliament. For the benefit of Senators, Article 93(1) of the Constitution provides as follows- The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}