The National Assembly has approved Gerald Nyaoma Arita’s appointment as the Second Deputy Governor of the Central Bank of Kenya (CBK).

 This endorses the joint committee report recommending his suitability for the role.

The findings, tabled by Finance Committee Chair Kimani Kuria, highlighted Arita’s deep understanding of CBK’s mandate and monetary policies.

“The nominee exhibited a clear grasp of the issues facing the CBK and shared practical strategies to address them.”

Suba South MP Caroli Omondi, seconding the motion, praised Arita’s 36 years of experience at the CBK, noting it positions him as the ideal candidate to discharge the responsibilities of Deputy Governor.

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President William Ruto’s nominee awaits Senate approval before being sworn into the vacant post.

Arita, whose wealth is estimated at KES 169 million, has held various senior roles at the CBK, including Director of Financial Markets Development and Acting Director of Internal Audit.

 He holds a Master of Philosophy in Economics from the University of Cambridge, earned under a Commonwealth Scholarship.

The Senate is expected to deliberate on his nomination, with a mention date set for January 29, 2025.