The Public Service Commission (PSC) on Wednesday, July 3, 2024, appointed Mr. Raphael Owino as the new Director-General of Public Debt Management.
The National Treasury welcomed Owino’s appointment, noting that he brings a wealth of knowledge and valuable experience from his previous role at the Central Bank of Kenya (CBK).
The Public Debt Management Office, established under Section 62 of the Public Finance Management Act, operates within the National Treasury.
Owino’s expertise in public debt management, particularly in achieving and maintaining sustainable public debt, reducing long-term debt servicing costs, and managing the risk of contingent liabilities, is projected to be a significant asset in the management of the country’s financial resources.
“We are confident that Mr Owino’s expertise, experience, and insights will greatly benefit our organisation as he steps into this critical role,” a statement by the National Treasury read in part.
“Meanwhile, we extend our appreciation and gratitude to Dr Haron Sirima, the outgoing Director General, for his invaluable contribution during his tenure at the National Treasury”.
Treasury noted that Dr.Sirima’s dedication and leadership were instrumental in advancing the country’s economic goals.
On Sunday, June 30, President William Ruto during a round table interview with the media announced an audit of the total public debt to enhance transparency and accountability.
