{{Short description|Kenyan economist (born c. 1961)}} {{Use dmy dates|date=May 2026}} {{Infobox person | name = Patrick Njoroge | image = Patrick Njoroge.png | image_size = | caption = | birth_name = Patrick Ngugi Njoroge | birth_date = {{Birth year and age|1961}} | birth_place = Muranga, Kenya | death_date = | death_place = | alma_mater = {{unbulleted list |University of Nairobi |Yale University}} | occupation = Economist | years_active = 1985 — present | relatives = Anthony Muheria (brother) | known_for = Fiscal discipline | networth = | title = '''Governor<br />Central Bank of Kenya''' }}
'''Patrick Ngūgì Njoroge''' is a Kenyan economist, banker and the ninth governor of the Central Bank of Kenya.
==Background and education== Njoroge was born in Murang’a, Kenya, {{circa|1961}}. His father was an official in the education department and his mother was a teacher. Njoroge credits his parents involvement in education with inspiring his passion for learning.<ref name="Abdilahi">{{Cite web|last=Abdilahi|first=Nadira|date=2021-04-06|title=An Interview with the Governor of the Central Bank of Kenya, Patrick Njoroge, Ph.D. 93|url=https://world.yale.edu/news/interview-governor-central-bank-kenya-patrick-njoroge-phd-93|access-date=2021-10-27|website=world.yale.edu|language=en}}</ref>
Njoroge 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.<ref name="CV">{{cite web|access-date=19 June 2015|url=http://www.kasanews.com/dr-patrick-ngugi-njoroge-nominated-cbk-governor-curriculum-vitae-cv.html|title=Here Is Dr. Patrick Ngugi Njoroge Nominated CBK Governor Curriculum Vitae |date=3 June 2015|publisher=Kasanews.com|archive-url=https://web.archive.org/web/20150619202407/http://www.kasanews.com/dr-patrick-ngugi-njoroge-nominated-cbk-governor-curriculum-vitae-cv.html|archive-date=19 June 2015|url-status=dead}}</ref> While at Yale, Njoroge studied under professors such as William Brainard, Jim Tobin, and Robert J. Shiller.<ref name="Abdilahi"/>
==Career== Following his master's 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.<ref name="CV"/>
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.<ref name="CV"/>
=== Central Bank of Kenya (CBK) === He was nominated to be the governor of the Central Bank of Kenya by Uhuru Kenyatta, the president of Kenya, on 2 June 2015.<ref>{{cite web|first=David|last=Malingha Doya|access-date=20 June 2015|url=https://www.bloomberg.com/news/articles/2015-06-02/kenya-president-nominates-njoroge-as-central-bank-governor|date=2 June 2015|title=IMF Adviser Patrick Njoroge Picked As Kenyan Central Bank Head|publisher=Bloomberg News}}</ref><ref>{{cite web|url=http://www.nation.co.ke/news/Weak-shilling-challenge-for-IMF-veteran/-/1056/2739092/-/10mf6pgz/-/index.html| date=3 June 2015|title=Weak Shilling Challenge for IMF Veteran|access-date=19 June 2015|first=Jaindi|last=Kisero|newspaper=Daily Nation (Nairobi)}}</ref> 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.<ref>{{cite web|url=http://www.nation.co.ke/news/politics/House-approves-CBK-nominees/-/1064/2757338/-/14mkahyz/-/index.html|title=House Approves CBK Nominees|first=John|last=Njagi|newspaper=Daily Nation (Nairobi)|date=18 June 2015|access-date=19 June 2015}}</ref><ref>{{cite web|url=https://www.theeastafrican.co.ke/news/MPs-endorse-Njoroge-for-CBK-governor/-/2558/2757702/-/5yq6ee/-/index.html|title=Parliament Endorses Njoroge for CBK Governor|date=19 June 2015|first=Edwin|last=Mutai|newspaper=The EastAfrican (Nairobi)|access-date=25 June 2015}}</ref> He assumed office effective 19 June 2015 where he served for eight years until 19 June 2023 when he was succeeded by Dr. Kamau Thugge.<ref name="Appoint">{{cite web|access-date=27 June 2015|url=http://www.businessdailyafrica.com/New-CBK-governor-Patrick-Njoroge-assumes-office/-/539552/2766130/-/1jljst/-/index.html|title=New CBK Governor Patrick Njoroge Assumes Office|date=26 June 2015|first=Kiarie|last=Njoroge|newspaper=Business Daily Africa (Nairobi)}}</ref>
On 13 October 2015 the Central Bank of Kenya under his leadership placed Imperial Bank into receivership.<ref>{{cite web|last1=Latham|first1=John|title=Imperial Bank under receivership|url=https://www.centralbank.go.ke/index.php/news/448-imperial-bank-ltd-under-receivership|website=central bank of kenya|access-date=16 October 2015|archive-date=4 March 2016|archive-url=https://web.archive.org/web/20160304091144/https://www.centralbank.go.ke/index.php/news/448-imperial-bank-ltd-under-receivership|url-status=dead}}</ref> In November 2018, United Nations Secretary General António Guterres appointed Njoroge to the United Nations Task Force on Digital Financing of Sustainable Development Goals, co-chaired by Maria Ramos and Achim Steiner.<ref>[https://www.un.org/sg/en/content/sg/personnel-appointments/2018-11-29/task-force-digital-financing-sustainable-development Task Force on Digital Financing of Sustainable Development Goals] United Nations, press release of 29 November 2018.</ref>
Under his leadership, the CBK issued direct benefit payments to help financially suffering Kenyans amid the COVID-19 pandemic. Njoroge has stated that the financial technology industry (FinTech) has been a boon for financial inclusion of the general population.<ref>{{Cite web|date=2021-08-16|title=Kenya and COVID-19: Priorities for Economic Resilience & Sustainability|url=https://covid19africawatch.org/interview-cbk-governor-dr-patrick-njoroge-on-kenyas-priorities-for-economic-resilience-and-sustainability/|access-date=2021-10-27|website=COVID-19 Africa Watch|language=en-US|archive-date=27 October 2021|archive-url=https://web.archive.org/web/20211027032032/https://covid19africawatch.org/interview-cbk-governor-dr-patrick-njoroge-on-kenyas-priorities-for-economic-resilience-and-sustainability/|url-status=dead}}</ref>
==Other activities== * International Monetary Fund (IMF), Ex-Officio Member of the Board of Governors<ref>[http://www.imf.org/external/np/sec/memdir/members.aspx Board of Governors] International Monetary Fund (IMF).</ref> * Financial Stability Board (FSB), Member of the Regional Consultative Group for Sub-Saharan Africa<ref>[https://www.fsb.org/organisation-and-governance/list-of-members-of-the-fsb-regional-consultative-group-for-sub-saharan-africa/ Members of the FSB Regional Consultative Group for Sub-Saharan Africa] Financial Stability Board (FSB).</ref>
==Personal life== Njoroge is of the Roman Catholic faith and a numerary member of Opus Dei. He is also the brother of Anthony Muheria the Archbishop of Roman Catholic Archdiocese of Nyeri.<ref>{{cite web|access-date=19 June 2015|url=http://www.nation.co.ke/news/politics/MPs-shun-policy-issues-offer-bank-governor-a-wife/-/1064/2754644/-/r1nfm2/-/index.html|title=MPs Neglect Policy for Private Queries In Vetting CBK Governor Nominee|date=16 June 2015|newspaper=Daily Nation (Nairobi)|first=Edwin|last=Okoth}}</ref><ref>{{Cite news|url=https://www.bbc.com/news/world-africa-33414351|title=Single bank boss who spurns luxury|date=2015-07-07|work=BBC News|access-date=2017-11-16|language=en-GB}}</ref>
==See also== * Governor of the Central Bank of Kenya * List of banks in Kenya * Economy of Kenya * Kenyan shilling
==References== {{reflist}}
==External links== *[https://www.centralbank.go.ke/ Central Bank of Kenya Homepage]
{{Governors of the Central Bank of Kenya}} {{Authority control}}
{{DEFAULTSORT:Njoroge, Patrick}} Category:Governors of the Central Bank of Kenya Category:1961 births Category:Living people Category:Central Bank of Kenya people Category:Kikuyu people Category:20th-century Kenyan economists Category:Kenyan Roman Catholics Category:Opus Dei members Category:Yale University alumni Category:University of Nairobi alumni Category:21st-century Kenyan economists Category:People from Murang'a County Category:Alumni of Strathmore School