CBK Governor Patrick Njoroge has been re-appointed for the second term by President Uhuru Kenyatta.
The Central Bank of Kenya Governor’s term which was to end at the end of June 2019 will now run to the end of 2023.
Also extended alongside CBK Governor Patrick Njoroge was Deputy Governor Sheila M’Mbijjewe and board chairman Mohamed Nyaoga.
Since his appointment in 2015, Governor Patrick Njoroge has been working hard in the financial sector tightening money laundering related cases involving banks.
In 2015, Dubai and Chase bank collapsed and eventually in 2016 Imperial bank closed its doors.
Currently he is under pressure to re-print the Ksh 1000 notes unveiled during the Madaraka Day celebrations due to the image of the former President Uhuru Kenyatta.
Unmoved by the critics he has vowed to challenge any applications in court even though the new generation notes are set to make way into the market this week.