Dr Susan Koech gets Parliament Committe’s nod as CBK Deputy Govornor

The Finance and Planning Committee has approved Susan Jemutai Koech’s appointment as the second Central Bank of Kenya (CBK) deputy governor.

According to the parliamentary committee, Dr Koech fulfilled all the necessary conditions to be appointed as the second deputy governor.The committee recommends that the House approves the appointment of Dr Susan Koech as the deputy governor of the Central Bank of Kenya.(CBK)

Susan Koech holds a Doctorate in Business Administration from Moi University and previously served as the Nairobi Regional Head at KCB Group before transitioning to a career in government.

Mid-February, President William Ruto selected Dr Koech for the leading position and forwarded her name to the Parliament for scrutiny.

During her appearance before the vetting panel, Dr Koech requested that MPs to reinstate a law limiting interest rates to reduce loan costs.

Additionally, Dr Koech shared her goal of establishing a robust and functional interbank forex market while highlighting the current market’s collapse. She also expressed her intention to lower credit costs and oversee bank mergers and acquisitions.”I want to see a functional and vibrant interbank forex market. Right now, it is not working”.Said Dr.Koech in a panel  during the grilling process by the Senate Committe

During her appearance before the vetting panel, Dr Koech requested that MPs to reinstate a law limiting interest rates to reduce loan costs.

Additionally, Dr Koech shared her goal of establishing a robust and functional interbank forex market while highlighting the current market’s collapse. She also expressed her intention to lower credit costs and oversee bank mergers and acquisitions.