- Mutahi said after Njoroge's exit, those who will replace him might be less knowledgeable on how to run the economy.
- He said currently, there is no confidence in Kenya's economic market.
Image: FILE
Political Analyst Mutahi Ngunyi has said economists in the country might need help to steer the country after the exit of Central Bank Governor Patrick Njoroge.
Njoroge is set to exit the stage as the Central Bank Governor in June, 2023.
Mutahi said on Wednesday that those who will take over after Njoroge's exit might face challenges on how to run the economy.
He said currently, there is no confidence in Kenya's economic market.
"There is a crisis of market confidence in our economy. And I fear that the exit of Governor Njoroge from CBK on June 27 will usher in a bunch of greenhorns," the political analyst said.
"I am afraid of experimental economists driving an incompetent government. They need help."
Three weeks ago, the search for Njoroge's replacement began with the Public Service Commission inviting applications from qualified candidates.
“Pursuant to the provisions of Article 231 of the Constitution of Kenya 2010 and Sections 13-15 of the Central Bank of Kenya Act, Chapter 491, the Public Service Commission hereby invites applications from suitably qualified persons for the positions of Governor and Deputy Governor of the Central Bank of Kenya,” PSC chairperson Anthony Muchiri said in a notice to the public.
The application deadline was April 19.
The position requires candidates to be Kenyan citizens and recognised professionals with Bachelor's and Master's degrees in fields such as economics, banking, finance or law.
Successful candidate will be appointed for a term of four years, renewable once, subject to performance.
Njoroge has served in the capacity as the ninth CBK Governor for two four-year terms.
Before his appointment to CBK in 2015, Njoroge served at International Monetary Fund (IMF) as an economist.