Kenya’s Central Bank Governor Dr. Patrick Njoroge has been named as the Central Banker of the Year by the prestigious The Banker Magazine, a publication of the Financial Times group.
A statement from the country’s banking regulator noted that The Banker’s Central Banker of the Year 2018 awards celebrate the officials that have best managed to stimulate growth and stabilise their economy. In its citation of the award to Dr. Njoroge, The Banker wrote: ‘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’.
The citation continues: ‘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 concludes: ‘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’.
Last year the governor was also feted as the Global Markets “Central Bank Governor of the Year Award for Sub-Saharan Africa” in the margins of the IMF/World Bank meetings in Washington, DC. Global Markets noted that the Governor had received the award for his efforts to “curb inflation, clean-up of the banking sector,” and his drive to pursue a “new policy of openness and transparency.” The Governor was also praised for his admirable stewardship of the nation’s financial sector and vocal support for innovation in the industry.