Our analysis in this first issue in the series covers karura, ngong road and kiptagich forests and suggests a loss of public resources in excess of ksh. Annual report iv foreword aerc has now closed another successful year of operations. This paper provides examples of such dynamism and links digitization to employment creation, with the hope that, over time, as more sectors and fin techs innovate on the digital platform, the trend will be clearer with more data points to allow deeper analysis and to reach a formidable set of conclu. Environnement reglementaire et innovation technologique en afrique. Njuguna ndungu is associate professor of economics at the university of nairobi and former governor of the central. In subsequent years, it has further evolved into a platform for a wide range. The ndungu report covers ten other forests as well as other public land. Global perspectives and local insights june 28, 2018.
This report is a product of an inquiry by a commission appointed by his. See the complete profile on linkedin and discover njuguna s connections and jobs at similar companies. Ndungu is a kenyan economist, university professor and economic. Alliance for financial inclusion first annual global policy forum. Practitioners insight mpesa a success story of digital. Njuguna ndungu, cbs the governor of the cbk, dr david ferrand the director of fsd kenya and mr zachary mwangi the acting director general of the knbs provided the stewardship for the survey. Ndungu is a kenyan economist, university professor and economic researcher. The financial sector stability report, 2012 december 2012, issue no. Annexe volume 1 by wanjikurevolution kenya on scribd. Singularly positioned at the intersection of the mobile ecosystem and the development sector, we stimulate digital innovation to deliver both sustainable business and largescale socioeconomic impact for the underserved. He also observed that the forum comes at a time when the global economy is suffering a slowdown.
Editorial team comprises leading development economics scholars and governor of the central bank of kenya. The experience of regulating kenyas mpesa njuguna ndungu 2018 annual conference of the cambridge centre for alternative finance ccaf. East african monetary union opening remarks by prof njuguna ndungu, governor of the central bank of kenya, during. African economic research consortium inc guidestar profile. Presentation by professor njuguna ndungu, bank of korea. Inclusive growth and job creation lessons from kenya, authornjuguna s. Handbook of blockchain, digital finance, and inclusion. The future of sharia compliant banking and finance in kenya. Cryptocurrency, fintech, insurtech, and regulation explores recent advances in digital banking and cryptocurrency, emphasizing mobile technology and evolving uses of cryptocurrencies as financial assets. Former central bank of kenya cbk governor prof njuguna ndungu has been appointed as executive director of a panafrican economic research body, aerc. As you may be aware honorable members, the draft final report of the study on the establishment of the monetary union among the eac partner states was validated in a.
Prior to his appointment as the governor of cbk, njuguna ndungu was the director of training, african economic research. Prof ndungu 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 bachelors degrees in economics from the university of nairobi. Fsb rcg ssa meets in nairobi, kenya financial stability board. Payments system for financial inclusion and to support ecommerce presentation for the friends of ecommerce, wto, geneva njuguna ndungu march, 2017. Cashing in on the digital revolution international monetary. Prof ndungu s tenure was marked by laxity in policing banks, which is blamed for a series of collapses including dubai bank and chase bank.
Professor njuguna ndungu joined aerc on 1 september 2018 as executive director. Complementing the advice from our advisory board, the reports statistical advisory panel provided guidance on several methodological and data aspects of the report, in particular related to the calculation of the reports human development indices. Consolidating africas mobile banking revolution may 2016 oxford, uk t foreword emily jones1, ngaire woods2 and njuguna ndungu3 the financial services sector in africa is changing rapidly, and the mobile banking revolution is a key. Njuguna ndungu njuguna ndungu is the executive director of the african economic research consortium aerc, a pan african premier capacity building network. Njuguna ndungu is the immediate former governor of the central bank of kenya cbk, where he served for two 4year terms as required by law, from 2007 to 2015. Professor njuguna ndungu, governor of the central bank of kenya and afi steering committee member highlighted the need for policymakers gathering together to draw from the wealth of existing experiences. The following summary of the report of the ndungu commission on illegal and irregular allocation of public land provides an insight into a critical, recent episode in the struggles over land and. Next steps for the digital revolution in africa aerc. A dynamic model of inflation for kenya, 19741996 author. The following summary of the report of the ndungu commission on illegal and irregular allocation of public land provides an insight into a critical, recent episode in the struggles over land and graft. The opening remarks of the consultative group meeting were delivered by njuguna ndungu, the governor of the central bank of kenya. The year 2014 was very significant in the history of mefmi. Eminent experts and respected practitioners contribute their many years of experience on africa.
Njuguna ndungu, governor, central bank of kenya until october 20 mr. This report is the result of hard work support and commitment by many individuals. Yet prof ndungu has not been summoned to give a public statement on the matter which would be helpful as most of the fraud took place during his reign. With this edition of foresight africa, we aim to capture the top priorities for the region. Investigating the past central bank of kenya cbk regime effectively puts the tenure of prof njuguna ndungu, who left office in march last year, under the spotlight a move that may pull. Njuguna ndungu, next steps for the digital revolution in africa. After acknowledging the importance of these highlevel meetings between client countries and donors, the governor spoke of the significant role first plays. Chairman of the board of governors, president of the african development bank group, colleague governors, members of the board of executive directors, your excellencies, members of the diplomatic corps, distinguished guests, ladies and gentlemen. Convenor, former governor of the central bank of kenya, visiting fellow of. He held the position of kenyas central bank governor for eight years, from 2007 until march 2015. This case study is a useful addition to the body of literature on what has driven this success story. Office of the prime minister ministry of state for planning, national development and vision 2030. Deep dive report on educational institutions internet.
Prof njuguna ndungu resumed his duties at the central bank on monday following a decision by the high court last week to halt his arrest on allegations of corruption in a procurement deal. Convenor, dean, blavatnik school of government, university of oxford professor njuguna ndungu. This paper explores what the ndungu report tells us about the role of the legal profession in the illegal and irregular misallocation of public land. Alliance for financial inclusion first annual global.
Financial trends metrics for five most recent years 2019, 2018, 2017, 2016, 2015 officer andor employee data for 2019, 2018, 2017, 2016, 2015. Recent mckinsey report show that digital finance services has the potential. In recent years, digitization has emerged as a driver for accelerated provision of financial services, starting with retail electronic payments system that is being the entry point for financial services and, thus, enhanced financial inclusion. It is the topic du jour for policymakers in almost every developing economyespecially in subsaharan africa. Keynote address by prof njuguna ndungu, governor of the central bank.
Keynote address by prof njuguna ndungu, governor of the central bank of. In a counterclaim and defense against a negligence lawsuit filed by the central bank. Njuguna ndungu governor, central bank of kenya at frankfurt global business week. Next steps for the digital revolution in africa brookings institution. Page 12 special report tuesday, july 16, 20 the standard professor njuguna ndungu governor of the central bank of kenya s by jackson okoth ince his appointment as governor of the central bank of kenya, in march 2007, professor njuguna ndungu has steered the institution towards implementation of various reforms.
Page 12 special report tuesday, july 16, 20 the standard professor njuguna ndungu governor of the central bank of kenya s by jackson okoth ince his appointment as governor of the central bank of kenya, in march 2007, professor njuguna ndungu has steered the. Review of african political economy, 103, march 2005, pp. Ndungu is the executive director of the african economic research consortium based in kenya. Report of the ccautkission of inquiry illegalirregular. Njuguna ndungu, governor, central bank of kenya dr. Professor njuguna ndungu, former governor of the central bank of kenya. Enabling mobile money policies in kenya foreword the innovative use of mobile phone technology to drive financial inclusion in kenya has been widely acclaimed around the world. Media in category njuguna ndungu the following 4 files are in this category, out of 4 total. Economics department, university of nairobi and kenya institute of public policy research and analysis kippra. He is credited with paving the way for the mobile banking evolution in kenya, which has had a dramatic impact on financial inclusion.
Njuguna ndungu managing partner legacy driving school. Turning to the financial sector, i would like to point out that the continued expansion of players in the sector across borders is another development that needs our attention. A guidestar pro report containing the following information is available for this organization. This report was made possible by the knowledge, dedication, and effort of the members of a cgd task force. Keynote speech by prof njuguna ndung u, governor of the central bank of kenya, at the launch of the finaccess gis mapping of all financial access touch points 2014, nairobi, march 2014. Today, the central bank of kenya hosted the third meeting of the financial stability board fsb regional consultative group for subsaharan africa in nairobi, kenya. Before joining aerc, he held the position of kenyas central bank governor, from 2007 until march 2015.
Blockchain enabling safe drugs and banking in africa. He is an associate professor of economics at the university of nairobi, kenya on leave of absence. Njuguna ndungu, armando morales, and lydia ndirangu. A dynamic model of inflation for kenya, 19741996 by dick.
He holds a phd in economics from the university of gothenburg, sweden, and masters and bachelors degrees in economics from the university of nairobi. Published by africa growth initiative at brookings. The chairman, continental re, nigeria distinguished guests, ladies and gentlemen. Financial regulations for improving financial inclusion. Matlanyane, governor, central bank of lesotho board chair mr. Njuguna ndungu, african economic research consortium these ultrasafe transactions are already making a difference in areas such as banking, healthcare and pharmaceutical supply chains.
Do the mpesa rails contribute to financial inclusion. Contributors go beyond summaries of standard models to describe new banking. It was as the story that unfolds in this report will attest a fastpaced and exciting period, marked by the articulation of our strategic plan for 20052010, even as we wrapped up the current period phase v and maintained our daytoday work. Ndungu was appointed to be the governor of the central bank of kenya with effect from march 4, 2007. Inclusive growth and job creation lessons from kenya, author njuguna s. View njuguna ndungus profile on linkedin, the worlds largest professional community. Their expertise, diverse experiences, and range of perspectives were invaluable in tackling the complex challenge of advancing recommendations for regulations needed to foster greater financial inclusion, especially those that. The evaluation report to be presented on wednesday should therefore be of keen interest to the steering committee. Consultative group meeting report first initiative. Trump is wrong, but china cannot escape blame for the pandemic. The economic cost of nonadherence to tb medicines kenya. There are proprietary rights that you have to respect.
Prof ndungu 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 bachelors degrees in economics from. The future of sharia compliant banking and finance in kenya address by prof njuguna ndungu, governor of the central bank of kenya, at the official launch of the national bank of kenyas sharia compliant banking the national amanah, nairobi, 29 april 20. Njuguna ndungu, armando morales, and lydia ndirangu digital revolution. Ndung u is a kenyan economist, university professor and economic researcher. Embankment plaza, 3rd floor longonot road, off kilimanjaro avenue, upperhill p. Enabling mobile money policies in kenya fostering a digital.
Where a governor is a substantive member, then the treasury secretarypermanent secretary is an alternate. He is an associate professor of economics at the university of nairobi, kenya and has been the governor of the central bank of kenya from march 2007 to march 2015, having. Shireen ramjoo, south africabased blockchain specialist, and head of liquid cryptomoney, says that using blockchain has eradicated the need for relying on. Credit information sharing to enhance financial sector development address by prof njuguna ndungu, governor of the central bank of kenya, at the launch of the banking credit information sharing implementation project, nairobi, 27 august 2009. Kenyans reaping from key monetary reforms under professor. Koori the director of research and policy analysis department at the. The center for global development is grateful for contributions from the. Former cbk boss ndungu faces probe over banking crisis. Human development report 2019 human development reports. Highlights of the three pillars together with supporting transversal reforms are presented in this chapter followed by an assessment of their suitability, feasibility and completeness. Speaking to the daily nation over the phone on monday, central bank of kenya cbk media relations officer, ms nancy sang, said the governor had reported. Excbk governor njuguna ndungu appointed to head africas.
Developments in kenyas insurance industry sector remarks by prof njuguna ndungu, governor of the central bank of kenya, at the launch of continental reinsurance brand and products, nairobi office, nairobi, 5 july 2012. Kenya policies for prosperity edited by christopher adam, paul collier, and njuguna ndungu africa. The report gives kenya the highest score on the adoption dimension of the. Handbook of blockchain, digital finance, and inclusion, volume 1. The mobile for development team drives innovation in digital technology to reduce inequalities in our world. He is the former governor of the central bank of kenya, a position he occupied for two consecutive fouryear terms, from march 2007 until march 2015. Njuguna ndungu associate director pasalo contractors. Paulo bernardo manhique, permanent secretary, ministry of finance, mozambique until october 20.
Profiling developments in financial access and usage in kenya. Staff leadership aerc african economic research consortium. Kamau thugge, principal secretary, the national treasury. Njuguna ndungu, former governor, central bank of kenya lois quinn, senior payment systems specialist, world bank beth rhyne, managing director, center for financial inclusion liliana rojassuarez, senior fellow, center for global development lemma senbet, executive director, african economic research consortium.
Mosito khethisa, principal secretary, ministry of finance malawi mr. Prof njuguna ndungu, governor, central bank of kenya mr joseph kinyua, permanent secretary, ministry of finance lesotho dr. Governor njuguna ndungu said, interoperability will help to reduce costs but if you reduce costs without following the rules of the game you will kill the innovation. Foreign banks scaled back their activities in some african countries, while new local banks increased their presence. Mpesa started in 2007 as an electronic money transfer product that enables users to store value on their mobile phones.
Pdf next steps for the digital revolution in africa. Former cbk governor, prof njuguna ndungu, says that the country has responded well to the covid19 pandemic. The economic cost of nonadherence to tb medicines kenya viii ltfu is high, and reducing mdrtb ltfu through improved case management, including better management of the medicines, as adverse side effects are a major reason for ltfu. Martin oduorotieno, chairman, kenya bankers association. Simone di castri 20, a conversation with professor njuguna ndungu, governor of the central bank of. Digitization makes finance accessible, lowers costs, and creates opportunity.
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