| Intro | Kenyan economist | ||||
| Is | Economist | ||||
| From | Kenya | ||||
| Type | Finance | ||||
| Gender | male | ||||
| Birth |
1961, Kenya |
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| Age | 60 years | ||||
| Residence | Nairobi, Nairobi County, Nairobi, Kenya | ||||
| Education |
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Patrick Ngugi Njoroge is a Kenyan economist, banker and the 9th governor of the 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.
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.
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.
He was nominated to be the governor of the Central Bank of Kenya by Uhuru Kenyatta, the president of Kenya, on 2 June 2015. 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. He assumed office effective 19 June 2015.
On 13 October 2015 the Central Bank of Kenya under his leadership placed Imperial Bank into receivership.
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.
Other activities
- International Monetary Fund (IMF), Ex-Officio Member of the Board of Governors
- Financial Stability Board (FSB), Member of the Regional Consultative Group for Sub-Saharan Africa
Personal life
Njoroge is of the Roman Catholic faith and a numerary member of Opus Dei.