I'm worth Sh450m, CBK Governor nominee Thugge reveals

Central Bank of Kenya Governor nominee Kamau Thugge who appeared before the National Assembly Finance and National Planning Committee has revealed his network.

Thugge who appeared before the committee on Tuesday said his net worth is Sh450 million.

"It comprises of properties, shares and cash equivalents," he said.

Some of the properties include a house in Mombasa, an apartment in Westlands, a plot of land in Ridgeways, Kiambu Road and in Thika Greens.

President William Ruto nominated him on May 15, following the imminent retirement of Patrick Njoroge, whose two terms end next month.

If approved by the National Assembly, Thugge will become Kenya's 10th CBK governor after trouncing Dorcas Mutonyi, Haron Sirima, Edward Sambili, Nancy Onyango and Adan Mohamed, who were shortlisted by the Public Service Commission early this month. 

If approved by Parliament, he will face the daunting task to stabilise the shilling which has sharply depreciated against the dollar and a heavy government debt burden, which is threatening to upset years of macro stability.