Mrs. Sheila M'mbijjewe Deputy Governor of the Central

Total Page：16

File Type：pdf, Size：1020Kb

MRS. SHEILA M’MBIJJEWE DEPUTY GOVERNOR OF THE CENTRAL BANK OF KENYA Mrs. Sheila M’Mbijjewe is the Deputy Governor of the Central Bank of Kenya (CBK), and has served since June 19, 2015. She has helped to oversee a period of significant change in the Kenyan financial sector, making it more resilient and responsive. She is part of the African leadership that analyses the financial landscape across the continent and helps guide policy and actions to mitigate volatility and enhance growth. Sheila was a founding member of the Kenyan Monetary Policy Committee, and its predecessor institution, the Monetary Policy Advisory Committee. She was also a founding member of the Crime and Anti-Money Laundering Act Advisory Committee, and served on the Board of the Financial Reporting Centre. Mrs. M’Mbijjewe was the first woman in Kenya to be appointed as an executive director of a publicly listed commercial bank. She was also the first Kenyan woman to be appointed to the board of a large, international publicly quoted company. She has served as a director of the Capital Markets Authority, the Disclosure Committee of the Capital Markets in Kenya, and the Information and Technology Committee of the Nairobi Stock Exchange. She was also on the board of Old Mutual Insurance Company in Kenya and Bamburi Cement, among others. Mrs. M’Mbijjewe holds a Bachelor of Arts Degree in Accounts and Finance, and qualified as a Chartered Accountant in England and Wales. She was awarded the Order of Moran of the Burning Spear (MBS), in recognition of service to her country, and was appointed to a second term as Deputy Governor of the CBK in June 2019. .

Copy Link

Recommended publications

Wahu Kaara of Kenya
THE STRENGTH OF MOTHERS: The Life and Work of Wahu Kaara of Kenya By Alison Morse, Peace Writer Edited by Kaitlin Barker Davis 2011 Women PeaceMakers Program Made possible by the Fred J. Hansen Foundation *This material is copyrighted by the Joan B. Kroc Institute for Peace & Justice. For permission to cite, contact [email protected], with “Women PeaceMakers – Narrative Permissions” in the subject line. THE STRENGTH OF MOTHERS WAHU – KENYA TABLE OF CONTENTS I. A Note to the Reader ……………………………………………………….. 3 II. About the Women PeaceMakers Program ………………………………… 3 III. Biography of a Woman PeaceMaker – Wahu Kaara ….…………………… 4 IV. Conflict History – Kenya …………………………………………………… 5 V. Map – Kenya …………………………………………………………………. 10 VI. Integrated Timeline – Political Developments and Personal History ……….. 11 VII. Narrative Stories of the Life and Work of Wahu Kaara a. The Path………………………………………………………………….. 18 b. Squatters …………………………………………………………………. 20 c. The Dignity of the Family ………………………………………………... 23 d. Namesake ………………………………………………………………… 25 e. Political Awakening……………………………………………..………… 27 f. Exile ……………………………………………………………………… 32 g. The Transfer ……………………………………………………………… 39 h. Freedom Corner ………………………………………………………….. 49 i. Reaffirmation …………………….………………………………………. 56 j. A New Network………………….………………………………………. 61 k. The People, Leading ……………….…………………………………….. 68 VIII. A Conversation with Wahu Kaara ….……………………………………… 74 IX. Best Practices in Peacebuilding …………………………………………... 81 X. Further Reading – Kenya ………………………………………………….. 87 XI. Biography of a Peace Writer
[Show full text]
Case Study Increasing the Profit Potential for Farmers in Kenya
Without access to financial services, smallholder farmers Primary investors: cannot reach their productive potential. In Kenya, the • Alliance for a Green Revolution in Africa Program for Rural Outreach of Financial Innovations and • Agricultural Finance Corporation Technologies (PROFIT) aimed to open up access to • Barclays Bank capital and provide technical assistance so that small- • Government of Kenya scale rural enterprises could become more profitable and more capable of attracting private investment. During • International Fund for Agricultural Development the project’s design stage, a market assessment of the country’s financial sector found that local commercial Value chain or sector: N/A banks had considerable liquidity but were reluctant to lend to smallholders in agriculture because the risk was perceived to be too high. This was even more so for Country: Kenya enterprises owned by women or youth, who tend to lack collateral. Microfinance institutions, meanwhile, were Type of risk addressed: Business model facing their own constraints. risks of lenders to agriculture. Using two blended finance instruments (a risk sharing facility and a credit line), coupled with technical Type of blended finance instruments: assistance, PROFIT created incentives for lenders to Guarantees issue more agricultural loans and provide more services Concessional loans and support in rural areas. Participating financial Technical assistance institutions were able to increase the volume of their agricultural lending, diversify their services and products, focus on innovation to reduce the cost of services, and provide technical assistance for business services to Contributed by producer groups. Ezra Anyango, Alliance for Green Revolution in Africa (AGRA). Established in 2006, AGRA is an African-led alliance that works with One partner financial institution, the Agricultural partners across the continent to deliver solutions to smallholder farmers Finance Corporation (AFC), received support to develop and agricultural enterprises.
[Show full text]
Kenya.Pdf 43
Table of Contents PROFILE ..............................................................................................................6 Introduction .................................................................................................................................................. 6 Facts and Figures.......................................................................................................................................... 6 International Disputes: .............................................................................................................................. 11 Trafficking in Persons:............................................................................................................................... 11 Illicit Drugs: ................................................................................................................................................ 11 GEOGRAPHY.....................................................................................................12 Kenya’s Neighborhood............................................................................................................................... 12 Somalia ........................................................................................................................................................ 12 Ethiopia ....................................................................................................................................................... 12 Sudan..........................................................................................................................................................
[Show full text]
Infrastructure Bond with Kenyan Diaspora Component
Infrastructure Bond With Kenyan Diaspora Component General Information Supplement 12 Year – Infrastructure Bond Oer Prospectus Kes 20,000,000,000 due in Year 2023 The Budget for Financial Year (FY) 2011/12 specied that the Government will raise Kes 12 YEAR BOND 119.5bn through domestic borrowing. Out of this amount Kes 35.85bn will be raised through issuance of Infrastructure Bonds to fund specic new and ongoing projects. The ISSUE NO. IFB1/2011/12 sectors of the economy highlighted in the Budget are; Roads: Kes. 7.36bn, Energy: Kes.18.78bn and Water: Kes.9.71bn. The continued emphasis on these three sectors is a TOTAL VALUE KSHS 20 BILLION testament to their crucial roles in supporting the growth of other economic sectors. Energy Sector continues to receive special attention given the Government’s VALUE DATE OCTOBER 3RD 2011 determination to explore new power sources such as geothermal and other forms of renewable energy. The Republic of Kenya (“the Republic” or “the Issuer”) is oering a Kshs 20,000,000,000 in an Infrastructure Bond Issue (“the Issue”), as a rst tranche to the total borrowing of Kshs. 35.85bn to be raised through Infrastructure Bonds. The proceeds of the Bond as has been the case with previously issued Infrastructure Bonds will be used to nance specic projects in the Roads, Energy, and Water & Irrigation Sectors as opposed to the traditional objective of general budget support purposes, with no specic project nancing being earmarked at the time of raising nance. The Bond will be open to all investors, but as a departure from normal Kenya Government fund-raising in the local capital markets, this oer will place special emphasis on getting participation from Kenyans in the Diaspora.
[Show full text]
Financial Inclusion
Digital Financial Services Workshop Panel Discussion: FINTECH 3.0 Getting the Regulatory Environment Right Topics Context Matters! Financial Inclusion in Jamaica Institutions Matter! Regulatory Effects – Enabler or Constraint? Collaboration Matters! Public- Private-Partnership Opportunities to Building Electronic Payments Ecosystems UWI-led Research Findings (2011) A randomly-selected, nationally representative sample of two thousand four hundred and seventy six (2476) respondents from all 14 parishes was surveyed using proportionate sampling Over 80% of adult Jamaicans have limited access to a low-cost, efficient and easily accessible payments channel 3 Unbanked Population and Mobile Financial Services Strong correlation between countries with high levels of unbanked citizens and the impetus for mobile payments services Jamaica is well-positioned in terms of mobile penetration and the value opportunity for establishing a more efficient way of delivering financial transactional services Dates Key Events / Developments Jun, 2006 Financial Access Survey of 2006 highlighted the very low Mobile reach of the traditional banking sector in Kenya - 70% rural population; 19% Kenyans with bank accounts; Financial - 1.5 bank branches and 1 ATM per 100,000 people - Mobile phone penetration ~30 percent and growing much Services faster Aug, 2006 Safaricom approaches the Central Bank of Kenya (CBK) in Kenya: regarding M-Pesa Sep 2006 CBK conducts detailed assessment / due dilligence of M- M-Pesa – Jan Pesa systems, risk mitigation program; Legal
[Show full text]
The Impact of Central Bank of Kenya Rates on Market Interest Rates of Commercial Banks in Kenya
THE IMPACT OF CENTRAL BANK OF KENYA RATES ON MARKET INTEREST RATES OF COMMERCIAL BANKS IN KENYA BY: MUCH1R1 EDITH NYAMBURA REG NO.: 1)61/61595/2010 UNIVERSITY OF n ' '351 LOWER KAEcTE LIBRARY A RESEARCH PROJECT PRESENTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER OF BUSINESS ADMINISTRATION DEGREE, SCHOOL OF BUSINESS OF THE UNIVERSITY OF NAIROBI SEPTEMBER. 2012 DECLARATION I Muchiri Edith Nyambura hereby declare that this project is m y own work and effort and that it has not been submitted anywhere for any award. Sign * Date 1 ^Qva Muchiri Edith Nyambura D 6 1/61595/2010 Supervisor: D r Aduda Josiah Senior Lecturer. Department of Finance and Accounting DEDICATION To my wonderful son who has been very interested in my education and my parents and friends who have continuously encouraged me to read more. in AC KNOW IK DC E M ENT I wish lo express my sincere gratitude and appreciation to all those who in one way or another contributed to the success of preparation o f this research project. It has been a time of learning and I needed to put in a lot of efforts which you all encouraged me to do. Special thanks go to Almighty God for this far he has brought me. Without G od's help this project would have just been a dream. I also wish to thank my supervisor Dr Aduda Josiah who guided me in the research project. The tireless efforts to guide me and correct me have gone a long way to give me the morale to go and complete this project.
[Show full text]
AFRICA RISK CONSULTING Kenya Monthly Briefing December 2020 Kenya Summary 11 December 2020 COVID-19 Continues to Hit Kenya'
AFRICA RISK CONSULTING Kenya Monthly Briefing December 2020 Kenya Summary 11 December 2020 President Uhuru Kenyatta (2013-present) and his government attempt to manage the continuing economic fallout from COVID-19 while partially state-owned airline Kenya Airways finds alternative sources of income. The Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) decides to keep the bank’s rate at 7% for the foreseeable future as it continues to monitor the impact of government subsidy measures and borrowing. The Mo Ibrahim Foundation releases its annual Ibrahim Index of African Governance (IIAG), with Kenya faring better than most of its regional neighbours but showing concerning trends in the metrics of security and rule of law. COVID-19 continues to hit Kenya’s economy COVID-19 continues to have a significant knock-on economic impact on Kenya. The World Bank on 2 December released its report titled “Kenya Economic Update, Navigating the Pandemic” in which it anticipates that Kenya’s economy will decline by 1-1.5% in 2020 as a result of the pandemic.1 The tourism ministry estimates that the pandemic caused Kenya to lose $1 billion in tourism revenue between January and October.2 The backdrop to these concerns are worrying predictions about Kenya’s high level of exposure to debt. Moody’s Investor Service issued a warning on 7 December that Kenyan banks are at risk of a possible downgrade due to their high lending, in particular their high exposure to government risk via their investments in treasury bonds.3 In addition to their exposure to government-related risks, non- performing loans are continuing to increase, impacting the liquidity of many banks.
[Show full text]
Central Bank of Kenya Pension Fund
REPUBLIC OF KENYA THE PARLIAMENTARY SERVICE COMMISSION PROPOSED MULTI STOREY OFFICE BLOCK FOR THE KENYA NATIONAL ASSEMBLY. W.P. ITEM NO. D29 NB/NB 901 –JOB NO. 7753C TENDER NO. PJS/005/2020-2021 1. TECHNICAL TENDER DOCUMENT SPECIFICATIONS FOR SUPPLY, DELIVERY, INSTALLATION, TESTING AND COMMISSIONING OF AUDIO VISUAL/MULTIMEDIA AND CONFERENCE MANAGEMENT SYSTEMS INSTALLATIONS ARCHITECT QUANTITY SURVEYOR Chief Architect Chief Quantity Surveyor Ministry of Transport, Infrastructure, Housing, Urban Ministry of Transport, Infrastructure, Housing, Urban Development and Development and Public Works Public Works P.O. Box 30743-00100 P.O. Box 30743-00100 NAIROBI NAIROBI ENGINEER (STRUCTURAL) ELECTRICAL ENGINEER Chief Engineer Structural Chief Engineer (Electrical) (BS) Ministry of Transport, Infrastructure, Housing, Urban Ministry of Transport, Infrastructure, Housing, Urban Development and Development and Public Works Public Works P.O. Box 30743-00100 P.O. Box 41191-00100 NAIROBI NAIROBI MECHANICAL ENGINEER Chief Engineer (Mechanical) (BS) Ministry of Transport, Infrastructure, Housing, Urban Development and Public Works P.O. Box 41191-00100 NAIROBI PROJECT CONSULTANTS CONSULTING ARCHITECT CONSULTING QUANTITY SURVEYOR Mutiso Menezes International Quantech Consultancy P.O. Box 44934 - 00100 P.O. Box 44660 – 00100 NAIROBI. NAIROBI CONSULTING ELECT. AND MECH. ENGINEER CONSULTING STRUCTURAL & CIVIL ENGINEER. Mecoy Consultants Ltd Wanjohi Mutonyi Consult P.O. Box 20198-00200 P.O. Box 21714 - 00505 NAIROBI NAIROBI CLIENT The Parliamentary Service Commission P.O. BOX 41842, Nairobi OCTOBER, 2020 CONTENTS PAGES 1. CONTENTS 1 2. DEFINITIONS 2 3. PROJECT CONSULTANTS 3 4. SPECIAL NOTES FOR ALL TENDERERS 4 5. FORM OF TENDER SECURITY (BANK) 5 6. FORM OF TENDER SECURITY (INSURANCE) 6 7. SECTION A: INSTRUCTIONS TO TENDERERS A/1– A/18 EVALUATION CRITERIA A/19– A/25 8.
[Show full text]
Savings for the Poor in Kenya
may 2012 Savings for the Poor in Kenya anjana ravi and eric tyler savings for the poor innovation and knowledge network (spinnaker) Global Assets Project New America Foundation Acknowledgement The research for this project would not have been possible without the guidance, support, and participation of a number of players. In particular, the authors would like to express their gratitude to Jamie Zimmerman and Amolo Ng’weno for their assistance in conducting research and reviewing the report’s development. Thanks are also due to Jacqueline Irimu and Mediatrix Tuju, who provided tireless logisti- cal and research assistance. The authors would also like to thank Amrik Heyer and Felistus Mbole at Financial Sector Deepening Kenya and all the institutions who took the time to participate in the study. © 2012 New America Foundation This report carries a Creative Commons license, which permits non- commercial re-use of New America content when proper attribution is provided. This means you are free to copy, display and distribute New America’s work, or include our content in derivative works, under the following conditions: • Attribution. You must clearly attribute the work to the New America Foundation, and provide a link back to www.Newamerica.net. • Noncommercial. You may not use this work for commercial purposes without explicit prior permission from New America. • Share Alike. If you alter, transform, or build upon this work, you may distribute the resulting work only under a license identical to this one. For the full legal code of this Creative Commons license, please visit www.creativecommons.org. If you have any questions about citing or re- using New America content, please contact us.
[Show full text]
Bank Supervision Annual Report 2019 1 Table of Contents
CENTRAL BANK OF KENYA BANK SUPERVISION ANNUAL REPORT 2019 1 TABLE OF CONTENTS VISION STATEMENT VII THE BANK’S MISSION VII MISSION OF BANK SUPERVISION DEPARTMENT VII THE BANK’S CORE VALUES VII GOVERNOR’S MESSAGE IX FOREWORD BY DIRECTOR, BANK SUPERVISION X EXECUTIVE SUMMARY XII CHAPTER ONE STRUCTURE OF THE BANKING SECTOR 1.1 The Banking Sector 2 1.2 Ownership and Asset Base of Commercial Banks 4 1.3 Distribution of Commercial Banks Branches 5 1.4 Commercial Banks Market Share Analysis 5 1.5 Automated Teller Machines (ATMs) 7 1.6 Asset Base of Microfinance Banks 7 1.7 Microfinance Banks Market Share Analysis 9 1.8 Distribution of Foreign Exchange Bureaus 11 CHAPTER TWO DEVELOPMENTS IN THE BANKING SECTOR 2.1 Introduction 13 2.2 Banking Sector Charter 13 2.3 Demonetization 13 2.4 Legal and Regulatory Framework 13 2.5 Consolidations, Mergers and Acquisitions, New Entrants 13 2.6 Medium, Small and Micro-Enterprises (MSME) Support 14 2.7 Developments in Information and Communication Technology 14 2.8 Mobile Phone Financial Services 22 2.9 New Products 23 2.10 Operations of Representative Offices of Authorized Foreign Financial Institutions 23 2.11 Surveys 2019 24 2.12 Innovative MSME Products by Banks 27 2.13 Employment Trend in the Banking Sector 27 2.14 Future Outlook 28 CENTRAL BANK OF KENYA 2 BANK SUPERVISION ANNUAL REPORT 2019 TABLE OF CONTENTS CHAPTER THREE MACROECONOMIC CONDITIONS AND BANKING SECTOR PERFORMANCE 3.1 Global Economic Conditions 30 3.2 Regional Economy 31 3.3 Domestic Economy 31 3.4 Inflation 33 3.5 Exchange Rates 33 3.6 Interest
[Show full text]
Participant List
Participant List 10/20/2019 8:45:44 AM Category First Name Last Name Position Organization Nationality CSO Jillian Abballe UN Advocacy Officer and Anglican Communion United States Head of Office Ramil Abbasov Chariman of the Managing Spektr Socio-Economic Azerbaijan Board Researches and Development Public Union Babak Abbaszadeh President and Chief Toronto Centre for Global Canada Executive Officer Leadership in Financial Supervision Amr Abdallah Director, Gulf Programs Educaiton for Employment - United States EFE HAGAR ABDELRAHM African affairs & SDGs Unit Maat for Peace, Development Egypt AN Manager and Human Rights Abukar Abdi CEO Juba Foundation Kenya Nabil Abdo MENA Senior Policy Oxfam International Lebanon Advisor Mala Abdulaziz Executive director Swift Relief Foundation Nigeria Maryati Abdullah Director/National Publish What You Pay Indonesia Coordinator Indonesia Yussuf Abdullahi Regional Team Lead Pact Kenya Abdulahi Abdulraheem Executive Director Initiative for Sound Education Nigeria Relationship & Health Muttaqa Abdulra'uf Research Fellow International Trade Union Nigeria Confederation (ITUC) Kehinde Abdulsalam Interfaith Minister Strength in Diversity Nigeria Development Centre, Nigeria Kassim Abdulsalam Zonal Coordinator/Field Strength in Diversity Nigeria Executive Development Centre, Nigeria and Farmers Advocacy and Support Initiative in Nig Shahlo Abdunabizoda Director Jahon Tajikistan Shontaye Abegaz Executive Director International Insitute for Human United States Security Subhashini Abeysinghe Research Director Verite
[Show full text]
On the Role of Central Banks in Enhancing Green Finance
ON THE ROLE OF CENTRAL BANKS IN ENHANCING GREEN FINANCE INQUIRY WORKING PAPER 17/01 February 2017 The UN Environment Inquiry The Inquiry into the Design of a Sustainable Financial System has been initiated by the United Nations Environment Programme to advance policy options to improve the financial system’s effectiveness in mobilizing capital towards a green and inclusive economy—in other words, sustainable development. Established in January 2014, it published the first edition of ‘The Financial System We Need’ in October 2015, with the second edition launched in October 2016. The Inquiry’s mandate currently extends to the end of 2017, with work focused on deepening and taking forward its findings. More information on the Inquiry is at: www.unep.org/inquiry or from: Ms. Mahenau Agha, Director of Outreach [email protected]. The Centre for International Governance Innovation (CIGI) CIGI is an independent, non-partisan think tank on international governance. Led by experienced practitioners and distinguished academics, CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral governance improvements. Conducting an active agenda of research, events and publications, CIGI’s interdisciplinary work includes collaboration with policy, business and academic communities around the world. For more information, please visit www.cigionline.org.details. About this report This working paper results from a workshop the UN Environment Inquiry and CIGI held on 2-3 December 2014 in Waterloo, Canada to discuss options for a sustainable global financial system. The workshop included participants from a range of academic and research institutions from the Waterloo region and abroad, including the University of Waterloo, the University of London, Harvard University, and the University of Gothenburg.
[Show full text]