Kenya's Central Bank governor recognised by Financial Times
The Banker recognised Njoroge for his swift action in cleaning up Kenya’s banking sector and spearheading efforts to position the country as a hub for green finance.
Dr Njoroge has been named the Central Banker of the Year, Africa by the prestigious The Banker Magazine, a publication of the Financial Times group.
“In a financial services market as large and as complex as Kenya’s, it helps to have a steady hand leading the apex bank. Dr Patrick Njoroge is just that” said The Banker in its citation of the award.
The Banker's Central Banker of the Year 2018 awards celebrates the officials that have best managed to stimulate growth and stabilise their economy.
'Since being appointed as central bank governor in July 2015, he has acted swiftly to clean up the country’s banking sector, improve supervision and guidance measures, and spearhead efforts to position Kenya as a hub for green finance. Monetary policy has remained stable and effective since late 2016 and inflation has generally remained within or close to the banks’ target range.' The citation continued.
His calm and cool demeanor coupled with rich financial experience saw him steer the Central Bank of Kenya to bag the top award under the Website of the Year category during 2017 Central Banking Awards.
The Yale University-educated economist has held various positions at international financial institutions and from December 2012 until June 2015 he was advisor to the deputy managing director of the IMF.
'The governor’s prudence and long-term vision for Kenya’s economy and banking sector ensured that he scooped the Central Bank Governor of the Year award for Africa'. The citation concluded.
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