President Uhuru Kenyatta has extended the terms of Central Bank of Kenya (CBK) Governor Patrick Njoroge and his Deputy Governor Sheila M’Mbijiwe by four years.
In a special gazette notice, Uhuru has extended the terms of the two until 2023. Their contracts were due to run out on June 19, 2019. But what does this mean to the Country’s economy?
President Kenyatta extends term of CBK Governor Patrick Njoroge and his deputy M’Mbijiwe by four years. pic.twitter.com/qt62oiuguc
— Radio Citizen (@RadioCitizenFM) June 6, 2019
The appointment has however received a backlash from a section of Kenyans who have taken to the Internet with some harsh reactions.
Some say that reappointment of Dr Patrick Njoroge as Central Bank of Kenya is an insult to integrity and economy of the country.
They are arguing that it is under Dr Njoroge’s tenure that Imperial Bank was put under receivership.
Also, some Kenyans are saying that inflation is at the peak. Money laundering is on the rise. They argue that President Kenyatta has made a poor decision.
Reappointment of Dr Patrick Njoroge as Central Bank of Kenya is a insult to integrity and economy of the country. It’s under his tenure that Imperial Bank was put under receivership. Also, inflation is at the peak. Money laundering is on the rise. Poor decision by Uhuru. pic.twitter.com/05Ncp7coG9
— Abuga Makori EGH, MBE (@o_abuga) June 6, 2019
Some are arguing that Dr Njoroge’s reappointment sounds like an appreciation from President Kenyatta’s administration.
Dr Patrick njoroge awarded four more years at the helm of CBK.
This sounds more of appreciation by uhuruto,. pic.twitter.com/8WxSP7KpFR— The Mnur Feruz (@Mnurferuz) June 6, 2019
Some have taken to the current debate regarding the newly launched currency notes. There has been an argument over the presence of former President Jomo Kenyatta’s image on the notes.
Some Kenyans are now arguing that even as President Kenyatta reappoints his “tribesman” Patrick Njoroge for another four years, “let it be known that Article 231(4) says Notes and coins issued by the CBK may bear images that depict or symbolise Kenya or an aspect of Kenya but shall not bear the portrait of any individual”.
Even as he reappoints his tribesman Patrick Njoroge for another 4 yrs let it be known that
Article 231(4) says
Notes and coins issued by the CBK may bear images that depict or symbolise Kenya or an aspect of Kenya but shall not bear the portrait of any individual— Newroh One (@Newroh1) June 6, 2019
Some argue that his performance record will not feature anywhere Instead,only tribal sentiments will flare.
Dr Patrick Njoroge has been reappointed CBK Governor.
Ironically his performance record will not feature anywhere
Instead,only tribal sentiments will flare: Kikuyu this,Kikuyu that.While the MPs themselves recommended his 1st appointment
— 𝐒𝐭𝐞𝐯𝐞 𝐊𝐚𝐫𝐢𝐮𝐤𝐢 (@SteveKariukis) June 6, 2019
Some youths have expressed concern that the head of state is recycling leaders when they continue suffering for lack of jobs.
Wangwana President Uhuru Kenyatta prolongs CBK Governor Patrick Njoroge and his Deputy M’Mbijiwe term by four years.
Youths continue looking for jobs on viusasa. Wazee na kazi. pic.twitter.com/kGnAH5qAUM
— Cyprian Nyakundi Escobar (@CisNyakundi) June 6, 2019