Kenya’s Central Bank Governor, Dr. Patrick Njoroge, does it again and named the best Governor of the Year for sub-Saharan Africa

CBK Governor Patrick Njoroge declared the best Governor in sub-Saharan Africa
  • Dr. Njoroge has been named the Central Bank Governor of the Year for sub-Saharan Africa in the 2019 Global Markets Award.
  • Dr. Njoroge, who was appointed in 2015, was feted for his efforts to lean up the country’s banks and vastly improved oversight over the sector.  
  • In his acceptance speech, Dr Njoroge dedicated the award to African youth and expressed gratitude to his colleagues at the Central Bank for their support.

Kenya’s Central Bank Governor, Dr. Patrick Njoroge, has done it again.

Dr. Njoroge has been named the Central Bank Governor of the Year for sub-Saharan Africa in the 2019 Global Markets Award.

This is the second time the Kenyan governor is winning the award, after clinching it for the first time in 2016, reinforcing his high standing among central bank governors in Africa.

“I am delighted and deeply honoured to receive this award in recognition of and testament to all the work that we have done this year. We have managed to tackle micro stability in Kenya and the transformations that have a bearing on fiscal stability,” a happy Njoroge said.

In his acceptance speech, Dr Njoroge dedicated the award to African youth and expressed gratitude to his colleagues at the Central Bank for their support.

The annual award by world leading financial journal Global Markets was presented to Dr Njoroge during a World Bank/International Monetary Fund meeting in Washington DC.

Dr. Njoroge, who was appointed in 2015, was feted for his efforts to lean up the country’s banks and vastly improved oversight over the sector. He recently led the country in unveiling of new currency notes.

“Some 120 pitches were heard in total and all contained stories of excellence. An editorial panel then decided the winners of the awards,” Global Markets said in a statement.

“Dr Njoroge has presided over a period of consolidation within the Kenyan banking sector that has helped clean up the country’s banks and vastly improved oversight over the sector. Banks have tightened their lending standards in response, thanks to the central bank’s oversight,” it added.

The governor was further praised for his efforts in keeping inflation within its target range, leading to the expansion of Kenya’s domestic capital markets as well as improving the sustainability of banks.

The award comes just three months after President Kenyatta extended his term at the helm of CBK for four more years.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Where is Mr Tembo? Ex-Tahidi High principal resurfaces [Video]

Where is Mr Tembo? Ex-Tahidi High principal resurfaces [Video]

Baby mama drama strikes Dennis Itumbi

Baby mama drama strikes Dennis Itumbi

Fred Obachi Machoka’s heartfelt message to his wife of 41 years [Photos]

Fred Obachi Machoka’s heartfelt message to his wife of 41 years [Photos]

Diana Marua hospitalized, Bahati gives update [Photos]

Diana Marua hospitalized, Bahati gives update [Photos]

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

Zari Hassan lectures Tanzanians over her viral black innerwear video

Zari Hassan lectures Tanzanians over her viral black innerwear video

Yvette Obura’s heartwarming message to Diana Marua excites Kenyans

Yvette Obura’s heartwarming message to Diana Marua excites Kenyans

Emotional Harmonize exposes Diamond as their beef heats up [Video]

Emotional Harmonize exposes Diamond as their beef heats up [Video]

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death