President Uhuru Kenyatta Appoints Five New CBK Board Members

By Vera Shawiza / Published November 29, 2016 | 7:45 am





President Uhuru Kenyatta has appointed five members that will fill the positions of the Central Bank of Kenya (CBK) board positions.

The appointed Board members who are set to be in charge of the CBK board of directors for the next four years is made up of three women and two men and they include Ms.Rachel Bessie Dzombo, Samson Cherutich, Mr.Ravi Ruparel, Ms.Nelius Kariuki and Ms.Charity Selina Kisotu.

According to the Kenya Gazette, Ravi, Nelius and Charity commenced work from 4th November 2016, while Dzombo and Cherutich are set to commence from 3rd December 2016. The Central Bank has been without a functional board for over a year. Delays in appointing the board of directors was being blamed on President Kenyatta.

The CBK Board comprises 11 members consisting of the chairperson, governor, National Treasury PS or his representative who shall be a non-voting member, and eight other non-executive directors. Under the CBK Act, the board is supposed to discuss the regulators performance, check decisions made by management and consider capital investments.

Here are brief profiles of the newly appointed CBK board members:

Mrs. Nelius Wanjiru Kariuki

Ms.Nelius Wanjiru Kariuki , 65, has worked in the Ministries of Commerce and Industry, Finance and Planning and National Development starting as an Economist and rising to the level of Principal Economist.  She has been a Director of Nelleon Development Company Limited.

Alumni of Alliance Girls High School as well as the University of Nairobi, from where she graduated with an M.A and a B.A in Economics.  She has served as a Board member in various girls’ high schools as well as The Murang’a Teachers College.  She has also served in various business and professional organizations.

She served on the Board of Kenya Re as a Director from 2003.  In 2007, she was appointed as the Chairman of the Board of Directors. She led the Corporation through its first IPO and is recorded as the first woman to ring the bell at the Nairobi Securities Exchange.

Under her Chairmanship, Kenya Re continued to experience an upward trend in its financial performance. In addition, Kenya Re’s business saw the Corporation open regional offices in Abidjan in 2010.  She was instrumental in steering Kenya Re to attain and maintain the ISO 9001:2008 standard as well as successful CSR Progamme – Niko Fiti- Abillity Beyond Disability.

Her social interests include golf, a sport in which she has served in various positions rising to become Chairman of the Veterinary Laboratory Sports Club.  She has also served in the Kenya Ladies Golf Union. Courtesy from the East African Tea Trade Association.

Charity Seleina Kisotu

Charity Seleina Kisotu, 39, Chaired the National Social Security Fund (NSSF) board of trustees before her appointment was revoked. She had replaced the Current Trade and Industrialization CS Adan Mohammed.

Initially, she was a member of the Nairobi City County Public Service Board and the chairperson of the Audit and ICT Committee of the board.

She also served as Chief Accountant at the National Water Corporation.

She holds a Masters Degree in Business Administration – Finance Management from Moi University and is a Certified Public Accountant of Kenya (CPAK) from Strathmore University.

Rachel Bessie Dzombo

Mrs Dzombo was born on 20th September 1957 in Kilifi District. She joined the Civil Service in November1982 as an Assistant Secretary and rose through the ranks  to become Deputy  Chief Finance Officer  in December 2000. She was appointed Permanent Secretary in the Ministry of Gender, Sports, Culture and Social Services in December 2005 until April 2008. She was responsible for efficient delivery of services in the ministry and also prudent management of public funds. In 2006, She was awarded the Chief of the Order of the Burning Spear (CBS) for her exemplary and dedicated service.

She is the Executive Director of Danicha Investment Limited and  a Board Member of Kenya Women Finance Trust Limited which joined in July 2008. She has been eyeing the Kilifi County Women Representative seat in the 2017 General Elections.

Ravi Ruparel

Mr.Ravi Ruparel is an International Development Advisor with over twenty eight years’ experience. He is an expert in Financial and Private Sector Development with a strong focus on Financial Inclusion. Currently, he is a senior policy advisor at Financial Sector Deepening Kenya(FSD-Kenya) and also an advisor – Trade and Competitiveness at The World Bank.

Related: Cap on Bank Rates has Complicated the Conduct of the MPC -CBK Governor

 




About Vera Shawiza

Vera Shawiza is Soko Directory’s in-house journalist. Her zealous nature ensures that sufficient and relevant content is generated for the Soko Directory website and sourcing information from clients is easy as smooth sailing.Vera can be reached at: (020) 528 0222 or Email: info@sokodirectory.com

View other posts by Vera Shawiza


More Articles From This Author








Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2022
  • January 2022 (293)
  • February 2022 (329)
  • March 2022 (361)
  • April 2022 (294)
  • May 2022 (271)
  • June 2022 (178)
  • 2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (259)
  • May 2021 (285)
  • June 2021 (273)
  • July 2021 (277)
  • August 2021 (232)
  • September 2021 (271)
  • October 2021 (305)
  • November 2021 (364)
  • December 2021 (250)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (333)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (251)
  • February 2019 (215)
  • March 2019 (283)
  • April 2019 (254)
  • May 2019 (269)
  • June 2019 (249)
  • July 2019 (335)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (318)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (275)
  • April 2018 (223)
  • May 2018 (235)
  • June 2018 (176)
  • July 2018 (256)
  • August 2018 (247)
  • September 2018 (255)
  • October 2018 (282)
  • November 2018 (282)
  • December 2018 (184)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (189)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (164)
  • February 2016 (165)
  • March 2016 (189)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (247)
  • September 2016 (233)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (164)
  • April 2015 (107)
  • May 2015 (116)
  • June 2015 (119)
  • July 2015 (145)
  • August 2015 (157)
  • September 2015 (186)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (205)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950