#WhereLeadersAreMade: Dr. Caroline Karugu

Dr. Caroline Wanjiru Karugu is Nyeri’s Deputy Governor, with over 15 years’ experience in the regional capital markets and financial services industry. She holds an MBA and DBA USIU-Africa.

By the Alumni Relations Office

Dr. Caroline Wanjiru Karugu is Nyeri’s Deputy Governor, hailing from Nyaribo, Kiganjo-Mathari Ward in Nyeri Town Constituency. Dr. Karugu has over 15 years’ experience in the regional capital markets and financial services industry, holding various leadership positions in various organizations.

Prior to becoming Deputy Governor, Dr. Karugu was the Chief Executive of Jabali Microserve Ltd, a commercial subsidiary of Jitegemee Trust, an organization dealing with Social Investments. Before this appointment, she served as Britam Group’s Senior Investor Relations Manager.

Before joining Britam in October 2013, Dr. Karugu worked for the Nairobi Securities Exchange (NSE) as the Investor Relations and Communications Manager. At the NSE, she was the pioneering Country Manager of the Securities Industry Training Institute (SITI), an East African securities training organization with the mandate of deepening knowledge within the capital markets participants.

She was also in charge of external affairs and government relations for the East African Stock Exchanges Association (EASEA). While working at the NSE, Caroline participated in the listing of several companies, rights issues, bond offers and private placement projects.
While working as the Corporate Affairs and Marketing Manager of the Kenya Union and Saving Cooperatives (KUSCCO), Carol made outstanding contributions to the Kenyan Cooperative movement where she spearheaded efforts of organizing young people to form SACCOs.

In 2010, she won the prestigious World Young Credit Union Professionals (WYCUP) award sponsored by the World Council of Credit Unions (WOCCU) in the United States. This global award is given to the top 5 individuals who have made significant contributions to their credit union system and have the potential to make a global impact.

Dr. Karugu has also served in various leadership capacities across various organizations, in board and ambassadorial roles. She was among the private sector professionals appointed by President Uhuru Kenyatta to take up a board position in the Geothermal Development Company where she chaired the Board Technical and Strategy Committees and had spearheaded the restructuring of the State Corporation. In March 2020, Dr. Karugu was elected as the Chair of the Deputy Governors’ Forum and in November 2020, appointed Kenya Goodwill ambassador for Palliative care by Kenya Hospices and Palliative Care Association (KEHPCA).

Dr. Karugu holds a Bachelor of Commerce Double Major Degree in Business Administration and Marketing from Daystar University and a Global Executive MBA (Strategy) from USIU-Africa in partnership with the Frankfurt School of Finance in Germany. She also holds a Doctor of Business Administration (DBA) Degree in Finance from USIU-Africa in collaboration with the Columbia Business School in New York.

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