The Governor of the Central Bank of Kenya (CBK) Dr. Patrick Njoroge has been recognized as the Central Banker of the Year.
The Governor has been recognized by the prestigious The Banker Magazine which is a publication of the Financial Times Group.
The Banker’s Central Banker of the Year 2018 awards celebrate the officials that have best managed to stimulate growth and stabilize their economy.
“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” noted the magazine.
Dr. Njoroge was also awarded for having acted swiftly to clean up the country’s banking sector, improve supervision and implement guidance measures.
“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.” Said the Magazine.
He was also identified for his 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.