Dr Patrick Njoroge was appointed Governor of the Central Bank in June 2015. He holds a PhD in Economics from Yale University, USA, and a master’s and bachelor’s degrees in Economics from the University of Nairobi, Kenya.
Prior to joining the Central Bank, Dr Njoroge had a long career, spanning 20 years, at the International Monetary Fund (IMF), in Washington, D.C., USA. At the IMF, he was advisor to the IMF Deputy Managing Director from December 2012. He also served as Deputy Division Chief in the IMF’s Finance Department and IMF Mission Chief for the Commonwealth of Dominica, as well as other capacities beginning in 1995
Prior to joining the IMF, Dr Njoroge worked in Kenya as an economist at the Ministry of Finance and as a planning officer at the Ministry of Planning. His professional and research interests are in Macroeconomics, Economic Policy, International Finance, Development Economics, Econometrics and Monetary Policy.
Mr. Maina holds a BA(Econ.) Hons. and MA (Econ.) degrees from the University of Nairobi. He began his career as an Economist at then, Ministry of Finance, currently National Treasury. Subsequently, he joined Central Bank of Kenya, where he worked in Research, Bank Supervision and External Payments and Reserves Management Departments.
Mr. Maina has extensive experience in central banking, particularly, in areas of regulation and restructuring of problem banks. He coordinated the financial sector study, which formed the basis for banking sector reform, including liquidation of insolvent banking institutions during the first major banking crisis in the country, and was involved in strengthening the onsite supervision system and offsite reporting system to improve surveillance over the banking sector. The execution of Central Bank of Kenya foreign exchange reserves, involving investment of surplus foreign exchange reserves off shore was also supervised by him.
The onset of the aforementioned banking crisis prompted the establishment of Deposit Protection Fund (DPF) to revive the waning public confidence in the banking sector. The DPF has since been transformed to Kenya Deposit Insurance Corporation. Mr. Maina was one of the officers involved in setting up the DPF, after being attached to the Federal Deposit Insurance Corporation in USA for training in bank resolution.
Mr. Maina has extensive international training in areas such as bank regulation and restructuring, financial analysis, corporate governance, foreign exchange reserves management and financial programming and policies by IMF Institute. He also benefited from attachment to various Central Banks abroad.
Mr. Olaka is the Chief Executive Officer of the Kenya Bankers Association, an appointment he took up in 2010. Previously he was with the East African Development Bank (EADB), where he held various positions, including; Director of Operations, Resident Manager-Kenya, Manager-Risk and Control, Chief and Internal Auditor. He has also worked at Banque Indosuez (now Bank of Africa) as an Internal Auditor having started his career at Price Waterhouse Coopers, Nairobi.
Mr. Olaka holds a First Class Honours BSc degree in Electrical Engineering from the University of Nairobi, MBA in Finance from Manchester Business School in the UK and a Doctorate degree in Business Administration from USIU-A.
Mr. Olaka sits on a number of boards, among them, the Higher Education Loans Board, the Kenya School of Monetary Studies, Kenya Deposit Insurance Corporation, the Federation of Kenya Employers, the Centre for Corporate Governance,Boards of Trustees of the National Research Fund and the Butere ACK Diocese.
He is a member of the Institute of the Certified Public Accountant (CPA) Kenya and the Chartered Financial Analyst (CFA) Institute.
Miss. Dorothy Kiprono is Managing Partner at Kipkenda & Company Advocates where her current areas of practice are; Conveyance, contract negotiation, sales and purchase of properties, securitization of bank documents, contract negotiation and drafting, insurance and compliance of statutory requirements of state corporations among others.
In her practice, Miss. Kiprono has worked as the Governance and Legal Consultant for the Communications Authority of Kenya (CA) in analyzing and identifying the framework of laws, regulations, policies and Governance structures since the year 2016. She is also the Legal Consultant for Kenya Electricity Transmission Company Limited (KETRACO) where she manages Contract negotiations with the contractors for construction of various Power stations and transmission lines within Kenya and across the borders from the year 2013.
Previously Miss. Kiprono has offered legal services to the Kenya Commercial Bank Limited (KCB) Bank of Africa Limited, Eco Bank Limited and worked as the Legal Officer at National Water Conservation and Pipeline Corporation (NWCPC) in charge of contracts, insurance and compliance of statutory requirements in the period 2002-2004.
Miss Kiprono holds a bachelor degree in B.Com from Rani Durgavati Vishwavidyalaya University in India and a Post Graduate Diploma in Law from the Kenya School of Law.
During the year 2011 and 2012, she was a member of the Conveyancing Committee of the Law Society of Kenya.
Mr. Mohamud Ahmed Mohamud is the substantive Chief Executive Officer of the Kenya Deposit Insurance Corporation (KDIC). He is an astute, forthright and accomplished financial professional with keen insights and experience in deposit insurance.
Having risen through the ranks at Central Bank of Kenya, Mr. Mohamud is credited with a number of achievements since his appointment at the helm of the nascent Corporation in 2017. As such, he has proactively been involved in deposit insurance activities, that have put his name on the world map, as one of the international assessors on compliance with the best practices in deposit insurance.
Mr. Mohamud has assessed many jurisdictions including Nigeria, Tanzania, India, Trinidad and Tobago, Poland, Switzerland and Sweden. Further, as an expert in resolution of failed banks, Mr. Mohamud has extensively facilitated international conferences on deposit insurance.
It is perhaps due to this rich grounding, legacy, contribution and recognition that Mr. Mohamud added yet another feather to his cap, when he was unanimously endorsed as the new Chairman and President of the African Regional Committee (ARC) of the International Association of Deposit Insurers (IADI).
The election saw Mr. Mohamud, who also chairs IADI Member Relations Committee, becoming the first Kenyan in history to chair the regional body, ARC-IADI.
Mr. Mohamud holds a Bachelor’s degree in Economics from the University of Nairobi and an MBA in Strategic Management from Moi University, a tremendous achievement for the man with a humble beginning in the County of Samburu.
Eunice Kitche-Oduor (Mrs) is a legal practitioner with 19 years hands on experience and exposure in legal practice, leadership and management. She has worked for 4 years in active litigation and conveyancing and 12 years as a Company Secretary and Head of Legal department in various state corporations. She has served under different sectors within the government, boards and CEO’s and in the process accumulated a unique appreciation of government thinking and direction in the Boards of State Corporations.
Eunice holds a Bachelor of Laws degree (LLB), from the University of Nairobi, a diploma in Law from the Kenya School of Law and a Masters of Business Administration in Strategic Management from Maseno University. She is also an Advocate of the High Court of Kenya and a Certified Public Secretary CPS (K).