Dr. Patrick Ngugi Njoroge, born in 1961, is a Kenyan economist and banker and was named Governor of the Central Bank of Kenya (CBK) in June 2015.
Before his current post, Dr. Njoroge was a planning officer at the Kenyan Ministry of Planning ( 1985 -1987) and after his PhD he worked as an economist at the Kenyan Ministry of Finance (1993-1994). Later, at the International Monetary Fund (IMF) in Washington, D. C., he served in many roles, Senior Economist, IMF Mission Chief for Dominica, Deputy Division Chief of the Finance Department and then as advisor to the Deputy Managing Director of the IMF.
A man of exemplary modesty and humility, when his appointment as Governor of the Central Bank was announced, the press had a field day when he turned down the offer to live in an expansive home in Nairobi’s exclusive Muthaiga suburb and to many of the perks of his post. ·Enforcing the law with his firm anti-corruption stances and strict and straightforward actions have upset many influential bankers and lawyers but has gained praise domestically & internationally. The CBK has announced recently new regulations for penalties on lending transparency and banks, mortgage companies and credit reference bureaus have been feeling the heat.
He describes himself as a global citizen, a running enthusiast and a passionate about Africa. 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.