Patrick Ngugi Njoroge

Patrick Ngugi Njoroge is a Kenyan economist, banker and the 9th governor of the Central Bank of Kenya.

Patrick Ngugi Njoroge
Born1961 (age 58–59)
Kenya
NationalityKenyan
CitizenshipKenya
Alma mater
OccupationEconomist
Years active1985 — present
Known forEconomics, Fiscal Discipline
Home townNairobi
TitleGovernor
Central Bank of Kenya

Background and education

Njoroge was born in Kenya circa 1961. He attended Mangu High School from 1973 until 1976, for his O-Level education. From 1977 until 1978, he attended Strathmore College for his A-Level studies. He entered the University of Nairobi in 1979, graduating with a Bachelor of Arts in Economics in 1983 and a Master of Arts in Economics in 1985. From 1987 until 1993, he studied at Yale University, graduating with a Doctor of Philosophy in economics.[1]

Career

Following his master's degree, he worked in Nairobi as a planning officer at the Kenyan Ministry of Planning from October 1985 until August 1987. Following his PhD studies, he worked as an economist at the Kenyan Ministry of Finance from March 1993 until December 1994.[1]

From April 1995 until October 2005, he worked at the International Monetary Fund (IMF) in Washington, D. C., first as an economist and later as a senior economist. From November 2005 until December 2006, he served as the IMF mission chief for Dominica. He then served as the deputy division chief, Finance Department, at the IMF, from December 2006 until December 2012, based in Washington, D. C. from December 2012 until June 2015, he served as advisor to the deputy managing director of the IMF.[1]

He was nominated to be the governor of the Central Bank of Kenya by Uhuru Kenyatta, the president of Kenya, on 2 June 2015.[2][3] After vetting by the parliamentary committee on Finance, Trade and Planning on 17 June 2015, he was approved by the parliament of Kenya on 18 June 2015.[4][5] He assumed office effective 19 June 2015.[6]

On 13 October 2015 the Central Bank of Kenya under his leadership placed Imperial Bank into receivership.[7]

In November 2018, United Nations Secretary General António Guterres appointed Njoroge to the United Nations' Task Force on Digital Financing of Sustainable Development Goals, co-chaired by Maria Ramos and Achim Steiner.[8]

Other activities

Personal life

Njoroge is of the Roman Catholic faith and a numerary member of Opus Dei.[11][12]

See also

References
  1. KNC, . (3 June 2015). "Here Is Dr. Patrick Ngugi Njoroge Nominated CBK Governor Curriculum Vitae (CV)". Kasanews.com (KNC). Archived from the original on 19 June 2015. Retrieved 19 June 2015.CS1 maint: numeric names: authors list (link)
  2. Malingha Doya, David (2 June 2015). "IMF Adviser Patrick Njoroge Picked As Kenyan Central Bank Head". Bloomberg News. Retrieved 20 June 2015.
  3. Kisero, Jaindi (3 June 2015). "Weak Shilling Challenge for IMF Veteran". Daily Nation (Nairobi). Retrieved 19 June 2015.
  4. Njagi, John (18 June 2015). "House Approves CBK Nominees". Daily Nation (Nairobi). Retrieved 19 June 2015.
  5. Mutai, Edwin (19 June 2015). "Parliament Endorses Njoroge for CBK Governor". The EastAfrican (Nairobi). Retrieved 25 June 2015.
  6. Njoroge, Kiarie (26 June 2015). "New CBK Governor Patrick Njoroge Assumes Office". Business Daily Africa (Nairobi). Retrieved 27 June 2015.
  7. Latham, John. "Imperial Bank under receivership". central bank of kenya. Retrieved 16 October 2015.
  8. Task Force on Digital Financing of Sustainable Development Goals United Nations, press release of November 29, 2018.
  9. Board of Governors International Monetary Fund (IMF).
  10. Members of the FSB Regional Consultative Group for Sub-Saharan Africa Financial Stability Board (FSB).
  11. Okoth, Edwin (16 June 2015). "MPs Neglect Policy for Private Queries In Vetting CBK Governor Nominee". Daily Nation (Nairobi). Retrieved 19 June 2015.
  12. "Single bank boss who spurns luxury". BBC News. 7 July 2015. Retrieved 16 November 2017.

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