The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge, has been felicitated with the Central Banker of the Year Award (Africa) for 2018 by the Financial Times Group’s monthly publication ‘The Banker’.
Mr Njoroge was recognized for his contribution in the makeover of Kenya’s financial system and curbing inlation over the last few months. The Banker’s Central Banker of the Year 2018 awards celebrate officials that have best managed to stimulate growth and stabilise their economy.
The annual recognition is based on a selection process involving a survey of bankers and economists.
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’.