Finance Minister Njuguna Ndung'u and Central Bank of Kenya Governor Kamau Thugge may struggle to negotiate the trade-offs they face while seeking to meet the quantitative and structural targets of Kenya's $4...
On 7 February Central Bank of Kenya (CBK) Governor Kamau Thugge acknowledged this backing...
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Former Treasury technocrat Kamau Thugge's rehabilitation looks complete after President William Ruto nominated him to replace the retiring Patrick Njoroge as governor of Kenya's central bank...
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Former Treasury Principal Secretary Kamau Thugge is now the President's fiscal affairs and budget policy advisor while another economist Augustine Cheruiyot who acted as the Ruto campaign's strategist on agriculture and food security heads the Economic Transformation Secretariat at State House...
The resignation from the Treasury of minister Henry Rotich and permanent secretary Kamau Thugge on unlikely corruption allegations in mid-2018 saw the exit of the last two of a respected team of economists statisticians and planners associated with the Kibaki years of rapid growth with a declining debt burden (AC Vol 60 No 15 A killing joke)...
IMF approval was put on hold because of the CMC di Ravenna dam scandal: Rotich and his Principal Secretary Kamau Thugge were the most prominent government officials to be charged in connection to the fraudulent Ksh46bn ($460 million) scheme in July (AC Vol 60 No 15 A killing joke & Vol 60 No 18 Spending on the hoof)...
Rotich and his permanent secretary Kamau Thugge both widely respected economists were suspended over the Italian-funded Arror and Kimwarer dams scandal (AC Vol 60 No 15 A killing joke)...
In September 2016 he approved the capping of interest rates 'to help low income borrowers' against advice from the government's top economists – Central Bank governor Patrick Njoroge Henry Rotich Kamau Thugge and Geoffrey Mwau...
Yet with Rotich and his Principal Secretary Kamau Thugge out of the Treasury funding for these projects may become trickier...
Dams – the consequences Whatever happens now the arrest and charging of Finance Minister Henry Rotich his Permanent Secretary Kamau Thugge and 24 more government officials marks a historic landmark in President Uhuru Kenyatta's campaign against corruption which he sees as a major legacy of his time in office (AC Vol 59 No 19 Populists hack at the budget)...
Both consider Treasury Cabinet Secretary Henry Rotich and his top associates Principal Secretary Kamau Thugge Economic Secretary Geoffrey Mwau and Central Bank Governor Patrick Njoroge – all whom have worked for the Fund at some point – as parties in an IMF conspiracy which aims to hit the poor with austerity measures cuts in public projects and handouts and market-determined interest rates (AC Vol 59 No 14 Hanging on a handshake)...
Top economists who argued against the measure included CBK Governor Patrick Njoroge Finance Minister Henry Rotich Treasury Principal Secretary Kamau Thugge and Paul Murithi Muthaura of the Capital Markets Authority supported by the Kenya Bankers' Association (KBA) and the Nairobi Securities Exchange (NSE)...
