Njuguna Ndung’u

Minister of Finance - Government of Kenya

Njuguna Ndung’u was the Governor of the Central Bank of Kenya from March 2007 to March 2015. Prior to this appointment, he was the Director of Training at the African Economic Research Consortium (AERC), a capacity building network in Africa in economic policy and analytical capacity.

Prof. Ndung’u has taught economics at the University of Nairobi, has worked with the International Development Research Centre (IDRC) and at the Kenya Institute of Public Policy Research and Analysis (KIPPRA), a government think-tank as a Principal Researcher. He led the team to develop a macro model for Kenya in 2001 which is since then used as a training tool by most countries in the eastern and southern African Region.

Prof. Ndung’u has been a member of the National Economic and Social Council (NESC), an advisory committee for the government and in Kenya’s Vision 2030 Delivery Secretariat. From 2009 to Sept 2012, he was the founding chair of the Steering Committee of the Alliance for Financial Inclusion (AFI) promoting financial inclusion in Africa, Asia and Latin America. He has also chaired the African Mobile Phone Financial Services Policy Initiative (AMPI), a sub-network of AFI that promotes financial inclusion in Africa via the mobile phone financial services. He has been a member of the Committee of Ten (C10) looking into ways of mitigating the crisis through appropriate policy response; communicating and coordinating Africa’s response and required global reforms especially in the world’s financial architecture.

Prof. Ndung’u holds a PhD in economics from Gothenburg University, Sweden, a Bachelors and Masters of Arts in Economics from the University of Nairobi.