Kenya: No Plans to Limit Bank CEOs Term Limits – Governor Thugge

Nairobi — The Governor of the Central Bank of Kenya (CBK), Kamau Thugge, has said that there are no plans to impose term limits for Kenyan bank CEOs.

Thugge said during the post-Monetary Policy Committee (MPC) meeting today that the issue is yet to be considered.

Currently, there is no term limit set for Kenyan banks’ chief executives, meaning that they can serve for as long as possible. However, this is not the case for chairmen and independent directors, whose terms are capped at five and…