CBK Governor Patrick Njoroge Warns Kenyans of ‘Tough’ 2020

Central Bank of Kenya (CBK) governor Dr. Patrick Njoroge has warned Kenyans to expect an equally tough 2020 as 2019.

Dr. Njoroge said this in a series of posts on Twitter reflecting on 2019, which he termed as “a brutal year all round.”

“The verdict is in—2019 was a brutal year all round! Still, we accomplished a lot at @CBKKenya, the banking sector, and more widely. Our deep gratitude to all those that supported us in various ways thru the twists and turns in 2019. But there is still much to do,” Njoroge wrote.

In another tweet, Governor Njoroge noted: “The good news is 2019 is ending. The bad news is 2020 may prove as challenging. But we believe we are ready and will prove up to the task, ultimately improving the lives of those around us especially the most needy. For now, I wish you a restful break, close to kin and hearth.”

A recent poll by Research Company, Trends and Insights Africa (TIFA) showed that 2019 was the most difficult year for Kenyans. In the survey, Kenyans shared their feelings on eight key indicators namely; the economy, employment, politics, cost of living, primary and secondary education, security and public health.

A majority of Kenyans said the cost of living, economic conditions, and employment prospects had worsened in 2019.