CBK Governor Patrick Njoroge Appointed for UN’s Digital Financing Task Force

Patrick Njoroge, the governor of Central Bank of Kenya governor has been appointed for a digital financing position at United Nation’s task force for Sustainable Development Goals (SDGs).

Part of Dr. Njoroge’s job in his new position will be to recommend appropriate strategies to be adopted for utilizing the potential of digital finance and fintechs to further SDGs.

The United Nations Secretary-General Guterres launched the Task Force on November 29, 2018.

Speaking during the launch, Guterres said that technology has helped better and expand financial inclusion – which is in itself a fundamental goal – by more than 1.2 billion people in only six years.

“However, we have only just commenced the tapping of the potential the digital finance and business ventures offer to meet the broader agenda formulated in the Sustainable Development Goals and the Paris Agreement on climate change,” Guterres added.

Dr. Njoroge hailed the efforts of the digital finance world noting that it has a wild potential that needs to be tapped for the facilitation of the achievement of the SDGs.

Expressing his gratitude for the new position, Dr. Njoroge said that the invitation is also significant in recognizing Kenya and its success in digital finance and financial inclusion, as well as serving as an exemplary country with the right lessons that can be emulated by other countries.  

His appointment became effective immediately the task force was implemented. The body is expected to provide the first report of recommendations in 2019 September, which will be presented to the Secretary-General.