Hon. Gerald Nyaoma

Mr. Gerald Nyaoma is Deputy Governor of the Central Bank of Kenya (CBK). He was appointed to this role by His Excellency President, with effect from December 9, 2024.

Prior to this appointment, Mr. Nyaoma led a long and illustrious career at the Bank, spanning over thirty-six years. During this time, he worked in various senior positions and served as Director in Bank Supervision, Financial Markets, Banking Services, and Internal Audit Departments. Mr. Nyaoma contributed to major transformations of Kenya’s financial system, capital markets, banking, payments, including most notably, leading the effort that gave rise to the launch of mobile money services in Kenya, an innovation that was later adopted in various countries globally. In recognition of this pioneering role, Mr. Nyaoma was named as a Mobile Policy Champion by the Alliance for Financial Inclusion (AFI), acting as its Ambassador to promote best practice in mobile money regulation in AFI member countries.

Mr. Nyaoma also represented the Bank as an Alternate to the Governor at the Boards of the Sacco Societies Regulatory Authority (SASRA), the Capital Markets Authority (CMA) and the Kenya Deposit Insurance Corporation (KDIC).
Mr. Nyaoma holds an M. Phil. (Econ.) degree from the University of Cambridge, United Kingdom, and BA (Economics) First Class degree from the University of Nairobi. He is a Certified Public Accountant (CPA-K), a Certified Public Secretary (CPS-K) and an Associate of the Kenya Institute of Bankers.