The CBK Welcomes New Monetary Policy Committee Members

The Central Bank of Kenya has admitted four new members into its Monetary Policy Committee (MPC), whose term will begin on December 12, 2024, after the term of the other outgoing member expired in August 2024. The members are Ms Isis Nyong’o, Dr Kemboi Kipruto, Dr Freshia Mugo, and Mr Jared Osoro, appointed on November 22, 2024. The CBK governor also doubles up as the Chairman of the Committee.

The CBK, through their X platform, published the qualifications as follows. Ms Isis Nyong’o earned a Master of Business Administration degree from Stanford University in the USA and a Bachelor of Arts in human biology from the same university. She has 12 years’ experience as a non-executive director, with advisory experience that includes a mix of public, private, academic, and non-profit boards. Ms. Nyong’o is currently a member of the boards of the Nairobi Securities Exchange and LGT Venture Philanthropy and has previously served on various boards, including Equity Bank Group.

Dr. Kemboi Kipruto earned a PhD in Economics from Moi University, a Master’s in Economics from Kenyatta University, and a Bachelor of Economics and Statistics degree from Kenyatta University. He is also a Certified Investment and Financial Analyst (CIFA) and Certified Public Accountant (CPA). Dr. Kipruto is an Academic Trainer in Collaborative and Specialised Programs at the Kenya School of Revenue Administration, the Coordinator of Economic Programs at Moi University School of Business and Economics Nairobi Campus, and a lecturer in the University’s Department of Economics.

Freshia Mugo earned a PhD in International Finance from Sogang University in South Korea and a Master of Business Administration (Finance) and Bachelor of Commerce in Accounting from Kenyatta University. She is currently a Senior Lecturer in Finance and Academic Director for PhD programmes at Strathmore University. Dr. Mugo is an international finance expert with vast experience in financial markets, academic research, regulatory training, risk analysis, and management.

Lastly, Mr. Jared Osoro is an economist specialising in international macroeconomics, financial and monetary economics, econometrics, and development economics. He earned a Bachelor of Arts in Economics from the University of Nairobi, a Master of Science from the University of Zimbabwe, and Advanced Econometric Studies as applied to Development from the University of Bradford. Mr. Osoro has published journal articles, working papers, book chapters, and essays widely.

The MPC is responsible for formulating monetary policies that ensure the stability of prices in the economy.