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{
    "id": 61178,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/61178/?format=api",
    "text_counter": 270,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "The Assistant Minister, Office of the Deputy Prime Minister and Ministry of Finance",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": "Bank of Kenya (CBK). He sought a confirmation to the effect that the filling up of this position, being a constitutional office, will be transparent, competitive and will be preceded by an advertisement so as to avoid a crisis similar to the one relating to the four nominees to the various constitutional offices. Mr. Deputy Speaker, Sir, I wish to respond as follows:- Mr. Deputy Speaker, Sir, the office of the Governor of the Central Bank of Kenya is not a constitutional office as alleged by the hon. Member. Article 231 of the Constitution provides for, among other matters, the establishment of the Central Bank of Kenya. The Article further provides that an Act of Parliament shall provide for the composition, powers, functions and operations of the Central Bank of Kenya. The import of this article is to accord the Central Bank of Kenya as an institution, an operational autonomy. It is, therefore, not meant to make the office of the Governor of Kenya a constitutional office. In view of the above, the current provisions of the Central Bank of Kenya Act apply when it comes to the appointment of the Governor of the Central Bank of Kenya. Section 11(2) of the Central Bank of Kenya Act, Cap.491 Laws of Kenya provides for the appointment of the Governor among others. It states as follows:- “The Governor, Deputy Governor or directors appointed under paragraph (d) of sub-section (1) shall be appointed by the President and shall hold office for terms of four years each, but shall be eligible for re-appointment, provided that no Governor, Deputy Governor or director shall hold office for more than two terms”."
}