Central Bank Governor,Dr. Kamau Thugge, has been honored as the African Central Bank Governor of the Year by the African Banker Magazine. The award was presented to Dr. Thugge at the African Banker Awards event held in Nairobi on Tuesday, May 28, 2024, during the Annual Meetings of the African Development Bank.
The African Banker Magazine commended Dr. Thugge for successfully stabilizing markets and boosting confidence in Kenya’s economy amidst considerable global challenges faced by central bank governors this year. The markets have shown their faith in the Kenyan shilling, and the banking sector has demonstrated remarkable resilience, establishing itself as a true regional leader.
The Awards Committee highlighted Dr. Thugge’s strategic role in addressing market failures and steering the economy towards growth. His recent achievements were praised, acknowledging the critical role played by the Central Bank of Kenya under his leadership.
Upon receiving the award, Dr. Thugge expressed his gratitude to the Board, Monetary Policy Committee, Management, and staff of the Central Bank of Kenya. He also recognized the overall leadership of President William Samoei Ruto and the collaboration with the National Treasury, the President’s Council of Economic Advisors, banking sector colleagues, and development partners.
“This recognition is an affirmation of Kenya’s sound macroeconomic policies. To this end, I must recognize President Dr. William Samoei Ruto, who has provided overall leadership. I also greatly appreciate the other government agencies we have walked the journey with, including the National Treasury, the President’s Council of Economic Advisors, my banking sector colleagues, and our development partners,” Dr. Thugge stated.
Now in their 18th year, the African Banker Awards celebrate institutions and individuals who have significantly contributed to the reform, modernization, and expansion of Africa’s banking and financial sector, promoting the continent’s sustained economic growth.
