Economics
Kenyatta Likely to Reappoint Njoroge as Central Bank Chief
- Policies to keep Kenya’s currency stable likely to continue
- Bank consolidation expected, small-business loans seen growing
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Kenyan President Uhuru Kenyatta is likely to reappoint Patrick Njoroge for a second term as governor of the east African nation’s central bank, according to people with direct knowledge of the matter.
A steady currency, efforts to boost loans to small businesses and market-led bank consolidation put him in good standing to retain the job, according to the people, who asked not to be identified because the matter is still private. The president is expected to make an announcement on the regulator’s leadership soon, the people said.