The Central Bank of Kenya (CBK) is being reorganized, with the governor becoming the chief executive of the bank.As CEO, he will be responsible for carrying out functions imposed on him by the CBK Act, which prescribed an independent chairman of the board of directors, which is also intended to be free of influence of the governor.
The current law, by contrast, provides that the governor and his deputy serve as chairman and deputy chairman of the Board of Directors.
A few months ago, CBK was thrown into an awkward position when the conduct of its governor Andrew Mulei had to be discussed. Mulei was later suspended over corruption allegations.