Eric Kotut: From barefoot schoolboy to CBK Governor
Despite the hardships, he excelled academically, earning a place at Alliance High School after passing the Common Entrance Examination before joining the then University of East Africa's University College Nairobi to study commerce...
✨ Key Highlights
Former Central Bank of Kenya (CBK) Governor Eric Kotut, who once walked barefoot to school in rural Baringo, has shared his remarkable journey to leading the nation's apex bank during a period of significant economic challenges.
- Kotut served as Governor from 1988.
- Key institutions involved include the Central Bank of Kenya (CBK) and the Consolidated Bank of Kenya.
- Notable detail: Kotut spearheaded reforms including a new Banking Act in 1989 and economic liberalization following the 1992 General Election.
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Eric Kotut Recalls 1984 Drought Impact on Kenya Economy - August 2026
Former Central Bank of Kenya Governor Eric Kotut, who once walked barefoot to school in rural Baringo, has shared his remarkable journey to leading the nation's apex bank during a period of significant economic challenges. The severe drought of 1984 significantly impacted Kenya's economy, compelling the government to implement diversification strategies. At the same time, the government has established a national carbon budget, capping carbon credit exports at 10 million tonnes of carbon dioxide equivalent through 2030.
