Sheila M’Mbijjewe, the Central Bank of Kenya deputy governor, turned 60 last Wednesday, signifying a possible exit from public office. However, she could stay longer through a contractual agreement.
“Retirement age is 60 in public service. However, one can work on contract with approval of the board and cabinet secretary after 60 if they have specialised scarce skills,” Margaret Kobia, ex-chairperson Public Service Commission (PSC) said in February 2017.
M’Mbijjewe has been the deputy governor since 4 August 2015, where she was to serve for a 4-year term.
The UK-trained accountant has held the post of director in different corporate companies in Kenya. She has a bachelor’s degree in accounts from Kingston University, England.
Her term with CBK governor Patrick Njoroge has made an impact in Kenya’s financial sector. However, this period also saw the collapse of three banks namely Chase, Imperial, and Dubai.
In 2016, she said the growth in the accessibility of financial services in Kenya was helping mitigate poverty in Kenya. “We have 75 percent financial inclusion, which means 90 percent of Kenyans are within three kilometres of a financial access point,” she said.
Several positions in state agencies have senior officers about to retire or in an acting capacity. President Uhuru will fill some of these positions in due time. Some of these agencies are KRA, Industrial and Commercial Development Corporation (ICDC), National Social Security Fund (NSSF), Insurance Regulatory Authority (IRA), and Retirement Benefits Authority (RBA).
CBK is yet to publicly comment on Sheila M’Mbijjewe’s retirement.