Patrick Ngugi Njoroge
| Patrick Ngugi Njoroge | |
|---|---|
 | |
| Born |
1961 (age 54–55) |
| Residence | Nairobi, Kenya |
| Nationality | Kenyan |
| Citizenship | Kenya |
| Alma mater |
University of Nairobi (Bachelor of Arts in Economics) (Master of Arts in Economics) Yale University (Doctor of Philosophy in Economics) |
| Occupation | Economist & Central Banker |
| Years active | 1985 — present |
| Known for | Economics, Fiscal Discipline |
| Home town | Nairobi |
| Title |
Governor Central Bank of Kenya |
| Religion | Roman Catholic |
Patrick Ngugi Njoroge PhD, is a Kenyan economist and banker and the 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.[1]
Career
Following his masters 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.[1]
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.[1]
He was nominated to be the governor of the Central Bank of Kenya by Uhuru Kenyatta, the president of Kenya, on 2 June 2015.[2][3] 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.[4][5] He assumed office effective 19 June 2015.[6]
On the 13th of October 2015 the Central Bank of Kenya under his leadership placed Imperial Bank into receivership. [7]
Personal
He is of the Roman Catholic faith and a numerary member of Opus Dei.[8][9]
See also
References
- 1 2 3 KNC, . (3 June 2015). "Here Is Dr. Patrick Ngugi Njoroge Nominated CBK Governor Curriculum Vitae (CV)". Kasanews.com (KNC). Retrieved 19 June 2015.
- ↑ Malingha Doya, David (2 June 2015). "IMF Adviser Patrick Njoroge Picked As Kenyan Central Bank Head". Bloomberg News. Retrieved 20 June 2015.
- ↑ Kisero, Jaindi (3 June 2015). "Weak Shilling Challenge for IMF Veteran". Daily Nation (Nairobi). Retrieved 19 June 2015.
- ↑ Njagi, John (18 June 2015). "House Approves CBK Nominees". Daily Nation (Nairobi). Retrieved 19 June 2015.
- ↑ Mutai, Edwin (19 June 2015). "Parliament Endorses Njoroge for CBK Governor". The EastAfrican (Nairobi). Retrieved 25 June 2015.
- ↑ Njoroge, Kiarie (26 June 2015). "New CBK Governor Patrick Njoroge Assumes Office". Business Daily Africa (Nairobi). Retrieved 27 June 2015.
- ↑ Latham, John. "Imperial Bank under receivership". central bank of kenya. Retrieved 16 October 2015.
- ↑ Okoth, Edwin (16 June 2015). "MPs Neglect Policy for Private Queries In Vetting CBK Governor Nominee". Daily Nation (Nairobi). Retrieved 19 June 2015.
- ↑ http://www.bbc.com/news/world-africa-33414351