Njuguna Ndung'u

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Njuguna Ndung'u
2.1- Africa and the triple crisis Q&A (10035294984) (cropped).jpg
Born Njuguna Ndung'u
1960 (age 56–57)
Nationality Kenyan
Alma mater University of Nairobi
(Bachelor of Arts in Economics)
(Master of Arts in Economics)
University of Gothenburg
(Doctor of Philosophy in Economics)
Occupation Economist and Academic
Years active 1985 to Present
Home town Nairobi
Title Professor of Economics
University of Nairobi
Children Ian Ndungu and Brenda Ndungu

Professor Njuguna S. Ndung'u is a Kenyan economist, university professor and economic researcher. He is the former Governor of the Central Bank of Kenya, a position he occupied for two consecutive four-year terms, from March 2007 until March 2015.[1]

Background and education[edit]

He was born in central Kenya in 1960.[2] He studied economics at the University of Nairobi, earning both a Bachelor of Arts in Economics and a Master of Arts in Economics from the university. His Doctor of Philosophy, also in economics, was obtained from the University of Gothenburg in Sweden.[3]

Work history[edit]

Before his appointment as Governor of the Central Bank of Kenya, Ndung'u was the director of training at the African Economic Research Consortium. He has lectured in advanced economic theory and econometrics at the University of Nairobi, where he was an associate professor of economics. He also worked as a regional programme specialist for the Eastern and Southern Africa Regional Office, Nairobi, of the International Development Research Centre, Canada; and at the Kenya Institute for Public Policy Research and Analysis as a principal analyst/researcher and head of the Macroeconomic and Economic Modelling Division.[4]

Ndung'u has had extensive research and teaching work in various fields of economics, including macroeconomics, microeconomics, econometrics, and poverty reduction. 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.[4]

See also[edit]

Succession table[edit]

Preceded by
Andrew Mullei
2003 - 2007
Governor of Central Bank of Kenya
2007 – 2015
Succeeded by
Patrick Ngugi Njoroge
2015 - Present


  1. ^ Herbling, David (1 March 2015). "Ndung’u Tenure As CBK Governor Ends Tuesday". Business Daily Africa. Nairobi. Retrieved 19 June 2015. 
  2. ^ Reuters (19 June 2012). "Profile: Kenya's Central Banker Governor Njuguna Ndung'u". Reuters. Retrieved 8 November 2016. 
  3. ^ The EastAfrican (20 November 2011). "Is It time for Professor Ndung’u To Celebrate As The Shilling Edges Up?". The EastAfrican. Nairobi. Retrieved 21 October 2014. 
  4. ^ a b WEF (8 November 2016). "Njuguna S. Ndung'u :Governor of the Central Bank of Kenya (2007-2015)". World Economic Forum (WEF). Retrieved 8 November 2016. 

External links[edit]