There is need for continuous consultations and board guidance, but there is no cause for alarm,” Nyaoga said. Most of the management decisions don’t need a board to be implemented,” Nyaoga told the Star in an interview on Monday. Currently, CBK has been operating only with Nyaoga and governor Patrick Njoroge who were appointed in June 2015. Lack of a full board at the Central Bank of Kenya has not affected operations at the banking industry regulator, chairman Mohammed Nyaoga has said. The term of the immediate former directors ended in March 2015, but the president is yet to reconstitute the board.

Source: The Star June 02, 2016 03:31 UTC