Why Benchaâboun was dispatched to the Paris embassy
Prime Minister Aziz Akhannouch, who was against the appointment of former Finance Minister Mohamed Benchaâboun as head of the central bank, has now moved him to a prominent diplomatic post.
Spire Bank hasn't published positive results since it was sold to the Mwalimu National cooperative by its former boss Naushad Merali, the late CEO of Sameer Group who died in July. Things have become so dire that the Central Bank of Kenya is making plans to close the financial institution.
Co-owner of the powerful family holding company Holmarcom and former president of the employer's federation CGEM, Meriem Bensalah-Chaqroun has been appointed to the board of the cooperative Banque Centrale Populaire. She already serves on the boards of several foreign companies.