CBK boss Njoroge named best Central Bank governor in Africa

CBK Governor Dr Patrick Ngugi Njoroge.Photo/File
CBK Governor Dr Patrick Ngugi Njoroge.Photo/File

Hardly a year into his new role, Central Bank of Kenya governor Patrick Njoroge has already been named as the best governor in Africa.

Njoroge has received the African Central Bank Governor of the Year Award during the 51st annual meeting of the African Development Bank in Lusaka, Zambia on Wednesday.

Njoroge emerged tops for his integrity. Judges lauded him for re-establishing order in Kenya's banking industry.

The AfDB termed him an exceptional leader. The award is given to CBK governors who successfully reform and transform the financial sectors of their countries through proper regulation and policies.

Njoroge who has taken lead role in pushing banks to lower borrowing costs, has also stepped up scrutiny of lenders to protect depositors' interests.

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