Njuguna S. Ndung’u

  • Governor
  • Central Bank of Kenya



Prof. Njuguna S. Ndung’u was appointed to be the Governor of the Central Bank of Kenya with effect from March 4, 2007.  Prof Ndung’u is an Associate Professor of Economics at the University of Nairobi and holds a PhD in economics from the University of Gothenburg, Sweden, and masters and bachelor’s degrees in economics from the University of Nairobi. Prior to his appointment as Governor of the Central Bank of Kenya, Prof. Ndung’u was the Director of Training at the African Economic Research Consortium.  He also worked as the Regional Programme Specialist for the Eastern and Southern Africa Regional Office, Nairobi, of the International Development Research Centre (IDRC), Canada; and at the Kenya Institute of Public Policy Research and Analysis (KIPPRA) as a Principal Analyst/Researcher and Head of the Macroeconomic and Economic Modelling Division. Prof. Ndung’u has had extensive research and teaching work in various fields of economics, including macroeconomics, microeconomics, econometrics and poverty reduction.  He led the team in KIPPRA that developed the KIPPRA-Treasury MacroModel.  A long-time researcher and trainer with the AERC and MEFMI network, he has published in international journals as well as chapters in various books on economic policy issues, inflation, interest rate and exchange rate issues, financial management, public sector growth, external debt, financial liberalization in Anglophone Africa, structural adjustment, as well as on employment and labour market issues.