DOCSLIB.ORG

Annual Report 2019 East African Development Bank

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2019 East African Development Bank Your partner in development ANNUAL REPORT 2019 EAST AFRICAN DEVELOPMENT BANK 2 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK ANNUAL REPORT 2019 3 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK CORPORATE PROFILE OF EADB Uganda (Headquarters) Plot 4 Nile Avenue EADB Building P. O. Box 7128 Kampala, Uganda Kenya Country office, Kenya 7th Floor, The Oval Office, Ring Road, Rwanda REGISTERED Parklands Westland Ground Floor, OFFICE AND P.O. Box 47685, Glory House Kacyiru PRINCIPAL PLACE Nairobi P.O. Box 6225, OF BUSINESS Kigali Rwanda Tanzania 349 Lugalo/ Urambo Street Upanga P.O. Box 9401 Dar es Salaam, Tanzania BANKERS Uganda (Headquarters) Standard Chartered –London Standard Chartered – New York Standard Chartered - Frankfurt Citibank – London Citibank – New York AUDITOR Standard Chartered – Kampala PricewaterhouseCoopers Stanbic – Kampala Certified Public Accountants, Citibank – Kampala 10th Floor Communications House, 1 Colville Street, Kenya P.O. Box 882 Standard Chartered Kampala, Uganda Rwanda Bank of Kigali Tanzania Standard Chartered 4 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK ESTABLISHMENT The East African Development Bank (EADB) was established in 1967 SHAREHOLDING The shareholders of the EADB are Kenya, Uganda, Tanzania and Rwanda. Other shareholders include the African Development Bank (AfDB), the Netherlands Development Finance Company (FMO), German Investment and Development Company (DEG), SBIC-Africa Holdings, NCBA Bank Kenya, Nordea Bank of Sweden, Standard Chartered Bank, London, Barclays Bank Plc., London and Consortium of former Yugoslav Institutions. MISSION VISION OUR CORE To promote sustain- To be the partner of VALUES able socio-economic choice in promoting development in East sustainable socio-eco- Africa by providing nomic development. Service development finance, Integrity support and advisory services. Leadership Innovation Team Work FOCUS AREAS 2016-2020 Skills Regional Food Security Infrastructure Development Climate Change Integration 5 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK CONTENTS LIST OF FIGURES ................................................................................................ 8 LIST OF TABLES .................................................................................................. 8 LIST OF BOXES................................................................................................... 8 ABBREVIATIONS AND ACRONYMS ................................................................... 9 LETTER OF TRANSMITTAL ............................................................................... 10 GOVERNING COUNCIL .................................................................................... 11 BOARD OF DIRECTORS AND DIRECTOR GENERAL ....................................... 12 STATEMENT BY THE CHAIRPERSON OF THE BOARD OF DIRECTORS ........... 14 STATEMENT BY THE DIRECTOR GENERAL ..................................................... 16 1. ECONOMIC REVIEW .................................................................................... 18 1.1 RECENT PERFORMANCE ...............................................................................19 1.1.1 ECONOMIC GROWTH ...............................................................................19 1.1.2 PRICES AND MONETARY POLICY ............................................................22 1.1.3 FISCAL SUSTAINABILITY ...........................................................................27 1.1.4 EXTERNAL SECTOR AND TRADE IN EAST AFRICA .................................28 1.1.5 BUSINESS ENVIRONMENT .......................................................................29 1.2 ECONOMIC PROSPECTS ...............................................................................32 2. OVERVIEW OF THE YEAR’S ACTIVITIES ...................................................... 33 2.1 INTERNATIONAL CREDIT RATING ................................................................ 34 2.2 LENDING OPERATIONS ................................................................................ 35 2.2.1 Portfolio Status ........................................................................................... 35 2.2.2 Portfolio Quality ......................................................................................... 36 2.2.3 Environmental and Social Analysis ............................................................. 36 6 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK CONTENTS 2.3 ACTIVITIES OF THE BANK ............................................................................. 37 2.3.1 Country Office Kenya ................................................................................. 37 2.3.2 Country Office Rwanda .............................................................................. 38 2.3.3 Country Office Tanzania ............................................................................. 40 2.3.4 Country Office Uganda .............................................................................. 42 2.3.5 Environmental and Social Management .................................................... 44 2.3.6 Finance Department .................................................................................. 46 2.3.7 IT Department ............................................................................................ 46 2.3.8 Internal Audit Department ......................................................................... 47 2.3.9 Legal Department ...................................................................................... 47 2.3.10 Portfolio Management ............................................................................. 47 2.3.11 Treasury Department ................................................................................ 48 2.4 CORPORATE SOCIAL RESPONSIBILITY ACTIVITIES ..................................... 49 2.4.1 Medical Training and Fellowship Programme (METAF) ............................. 49 2.4.2 Science, Technology and Engineering University Scholarship (STEM) Scholarship ................................................................................................. 51 2.4.3 Building Capacity for Lawyers in Extractive Industry ................................. 51 2.5 RISK MANAGEMENT ......................................................................................52 2.5.1 Risk Management Framework .....................................................................52 2.5.2 Risk Related to EADB’s Business .................................................................52 3. DIRECTORS’ REPORT AND FINANCIAL STATEMENTS ................................ 54 7 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK LIST OF FIGURES Figure 1: Economic growth in EAC 20 Figure 2: Annual headline inflation in EAC 22 Figure 3: Monthly average exchange rates 24 Figure 4: Weighted average commercial bank lending interest rates 25 Figure 5: Fiscal balance (% of GDP) 27 Figure 6: Current account balance (% of GDP) 28 Figure 7: Overall Ease of Doing Business Rankings 29 Figure 8: Ease of Doing Business Breakdown 30 Figure 9: Portfolio by currency and country 35 Figure 10: Cimerwa 38 Figure 11: CIMERWA housing renovations 38 Figure 12: TTCM 39 Figure 13: Green Hills School 39 Figure 14: Bella Flowers 40 Figure 15: Iyumbu Satellite Centre 1 41 Figure 16: Iyumbu Satellite Centre 2 41 Figure 17: Natural gas distribution project implementation 42 LIST OF TABLES Table 1: Real economic activity (annual growth) 19 Table 2: Business Reforms Undertaken 31 LIST OF BOXES Box 1: Food Security 43 Box 2: Climate Change 45 Box 3: Skills Development 50 8 2019 ANNUAL REPORT EAST AFRICAN DEVELOPMENT BANK EAST AFRICAN DEVELOPMENT BANK ABBREVIATIONS AND ACRONYMS ADF African Development Fund AfDB African Development Bank ALCO Assets and Liabilities Committee BADEA Arab Bank for Economic Development in Africa BIF Burundian Franc CDM Clean Development Mechanism DEG German Investment and Development Company EA East Africa EACDF East African Community Development Fund ESPR Environmental and Social Report EU European Union EUR Euro FDI Foreign Direct Investment FMO The Netherlands Development Finance Company GDP Gross Domestic Product IAS International Accounting Standards IASB International Accounting Standards Board IFC International Finance Corporation IFRIC International Financial Reporting Interpretations Committee IFRS International Financial Reporting Standards IRENA International Renewable Energy Agency IUCEA Inter-University Council for East Africa KES Kenyan Shilling KfW Kreditanstalt für Wiederaufbau ODA Overseas Development Assistance OPEC Organization of the Petroleum Exporting Countries PWC PricewaterhouseCoopers RCC Regional Collaboration Centre (UNFCCC) RWF Rwandan Franc SBIC-Africa Standard Bank Investment Corporation -Africa SIDA Swedish International Development Cooperation SMEs Small and Medium Enterprises TZS Tanzanian Shilling UNFCCC United Nations Framework Convention on Climate Change UGX Ugandan Shilling USA United States of America USD United States Dollar VAT Value Added Tax WEO World Economic Outlook 9 2019 ANNUAL REPORT LETTER OF TRANSMITTAL The Honourable Minister for Finance, Planning and Economic Development The Republic of Uganda The Cabinet Secretary, the National Treasury The Republic of Kenya The Honourable Minister for Finance and Planning The United Republic of Tanzania The Honourable Minister for Finance and Economic Planning The Republic
Load more

Recommended publications
  • Financing Infrastructure in Tanzania
    TOWARDS INDUSTRIALIZED ECONOMY: THE ROLE OF DFIs IN TANZANIA IN THE IMPLEMENTATION OF THE SECOND FIVE YEAR DEVELOPMENT PLAN. (FYDPII) Charles G Singili Ag. Managing Director TIB Development Bank 6 June 2017 Early Development Arena & the Notion of Development National Development Corporation was established in 1962 i. To catalyze economic development in all sectors of the economy; ii. NDC became a holding corporation under the Public Corporation Act 1969; iii. Had a broad mandate as a development and promotion institution to stimulate industrialization in partnership with private sector. Tanzania Investment Bank was established in 1970- i. To make available long and medium term finance for economic development ii. To provide technical assistance and advice for the purpose of promoting industrial development iii. To administer such funds as may from time to time be placed at the disposal of the Bank iv. To undertake such other activities as may be necessary or advantageous for the purpose of furthering the foregoing objects. Early Development Arena & the Notion of Development Tanzania Agricultural Development Bank was established in 2012 i. apex national-level bank with the key role of being a catalyst for delivery of short, medium and long- term credit facilities for development of agriculture in Tanzania ii. enshrined in the Vision 2025 to achieve food self-sufficiency and food security, economic development and poverty reduction Early Development Arena & the Notion of Development During establishment of the above SOEs “Economic Development” was defined as: i. The development of manufacturing, assembly and processing industries including industries engaged in the processing of products of agriculture, forestry or fishing; ii.
    [Show full text]
  • Issued by the Britain-Tanzania Society No 112 Sept - Dec 2015
    Tanzanian Affairs Issued by the Britain-Tanzania Society No 112 Sept - Dec 2015 ELECTION EDITION: MAGUFULI vs LOWASSA Profiles of Key Candidates Petroleum Bills Ruaha’s “Missing” Elephants ta112 - final.indd 1 8/25/2015 12:04:37 PM David Brewin: SURPRISING CHANGES ON THE POLITICAL SCENE As the elections approached, during the last two weeks of July and the first two weeks of August 2015, Tanzanians witnessed some very dra- matic changes on the political scene. Some sections of the media were even calling the events “Tanzania’s Tsunami!” President Kikwete addessing the CCM congress in Dodoma What happened? A summary 1. In July as all the political parties were having difficulty in choosing their candidates for the presidency, the ruling Chama cha Mapinduzi (CCM) party decided to steal a march on the others by bringing forward their own selection process and forcing the other parties to do the same. 2. It seemed as though almost everyone who is anyone wanted to become president. A total of no less than 42 CCM leaders, an unprec- edented number, registered their desire to be the party’s presidential candidate. They included former prime ministers and ministers and many other prominent CCM officials. 3. Meanwhile, members of the CCM hierarchy were gathering in cover photos: CCM presidential candidate, John Magufuli (left), and CHADEMA / UKAWA candidate, Edward Lowassa (right). ta112 - final.indd 2 8/25/2015 12:04:37 PM Surprising Changes on the Political Scene 3 Dodoma to begin the lengthy and highly competitive selection process. 4. The person who appeared to have the best chance of winning for the CCM was former Prime Minister Edward Lowassa MP, who was popular in the party and had been campaigning hard.
    [Show full text]
  • Sidian Bank Limited Annual Report and Financial
    SIDIAN BANK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 Sidian Bank Limited Financial Statements For the year ended 31 December 2017 Contents Page Corporate information 1 - 2 Report of the Directors 3 Business review 4 - 6 Statement on corporate governance 7 - 9 Statement of Directors’ responsibilities 10 Report of the independent auditor 11 - 13 Financial statements: Statement of profit or loss and other comprehensive income 14 Statement of financial position 15 Statement of changes in equity 16 Statement of cash flows 17 Notes to the financial statements 18 - 69 Sidian Bank Limited Corporate Information For the year ended 31 December 2017 Directors Executive Chege Thumbi (Appointed 22 August 2017) Titus Karanja* (Resigned 31 July 2017) Non-executive James Mworia (Chairman) Mary Ann Musangi Kimanthi Mutua Tom Kariuki Independent Catherine Mturi-Wairi Independent Donald B Kipkorir** Independent (Resigned 26 July 2017) Oscar Kang’oro Independent (Appointed 5 January 2018) Board Committees Audit and Risk Committee Catherine Mturi-Wairi - Chairperson Kimanthi Mutua Tom Kariuki Mary Ann Musangi Oscar Kangoro Asset and Liability Committee Kimanthi Mutua - Chairperson Catherine Mturi-Wairi Chege Thumbi Mary Anne Musangi Oscar Kangoro Credit Committee Tom Kariuki - Chairperson Kimanthi Mutua Chege Thumbi Oscar Kangoro Nominations and Governance Committee Mary Ann Musangi - Chairperson Catherine Mturi-Wairi Chege Thumbi Tom Kariuki * Mr. Titus Karanja continued in the Bank as a consultant until 31 December 2017. ** Following the resignation of Mr. Donald B Kipkorir, all Committees were reconstituted as search for a new Director began. *** Details of the Brand Committee and the ICT and Operations Committee are included in the Statement on Corporate Governance.
    [Show full text]
  • List of the Main Kenyan Financial Institutions That Provide Loans Tothe Agriculutre Sector
    LIST OF THE MAIN KENYAN FINANCIAL INSTITUTIONS THAT PROVIDE LOANS TOTHE AGRICULUTRE SECTOR Type of Org Organisation Service for Brief description Website Reference Contact Id Name SHF Zahid Mustafa - Barclays Commercial 1 Barclays is supporting small holder farmers finance. Consumer Banking Limited Bank Director Commercial Julius Ngesa - Head Commercial They have several product to serve farmers. Value Chains supported: dairy, tea and 2 Bank of Africa http://cbagroup.com/ of Business Bank sugar cane (CBA) Development Business Revolving Credit Plan gives you a line of credit which can be paid off over two to five years. Once you have repaid 25% of the loan, you can withdraw funds up to the original limit, without affecting your monthly repayments. The loan can be linked to your business account, so you can transfer funds electronically An Agricultural Production Loan (APL) is a short-term credit that lets you pay for your agricultural input costs. This product is suitable for grain farmers cultivating on either CFC Stanbic Commercial dry land or on an irrigation basis. Loans are provided to individual farmers, groups and http://www.stanbicban Derrick Kimani - 3 Bank Bank legal entities in the agricultural sector, including commercial farmers and agri- k.co.ke/ Digital Channels businesses. Input costs that qualify for production credit include: Seeds and fertilizer; Fuel, oil and lubricants; Herbicides and pesticides; Repairs and maintenance; Crop insurance premiums The vehicle and asset finance packages are designed to support business‚ cash flow and tax requirements. Vehicles and assets we finance include: Tractors; Harvesters; Centre pivots; Solar panels Dairy Asset Finance, value chain finance.
    [Show full text]
  • The Impact of Forensic Accounting Services in Fraud Detection and Prevention Among Commercial
    THE IMPACT OF FORENSIC ACCOUNTING SERVICES ON FRAUD DETECTION AND PREVENTION AMONG COMMERCIAL BANKS IN KENYA BY OMONDI ERICK OYIER A MANAGEMENT RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION (MBA), SCHOOL OF BUSINESS, UNIVERSITY OF NAIROBI NOVEMBER, 2013 DECLARATION This management research project is my original work and has not been submitted for the award of a degree in any other university. Name: Omondi Erick Oyier Reg. No. D61/64646/2011 Sign …………………… Date ………………….... This management research project has been submitted for examination with my approval as a university supervisor Dr. Josiah O. Aduda Signed …………………………. Date ……………………………. ii ACKNOWLEDGEMENT I would like to thank all those who assisted me, encouraged and supported me when doing this project; My supervisor Dr. Josiah O. Aduda, who was very patient with me and gave me good guidance on how to undertake this project. I am very grateful to the employees of the banking sector who gave me their support while collecting data for the project. I also appreciate my family and friends who supported and assisted me in not only my class work but also during the research period. I am very grateful to the University of Nairobi for the knowledge imparted to me throughout the study period Finally Special thanks to almighty God for his guidance and everything that He has done to me. Because of Him, completion of this project was possible. iii DEDICATION This project is dedicated to my Mother Mrs Oyier who saw to it that I got the best education in my life and encouraged me to do my best.
    [Show full text]
  • MTN Rwandacell Plc ANNUAL REPORT 2020
    MTN Rwandacell Plc ANNUAL REPORT 2020 1 MTN Rwandacell Plc ANNUAL REPORT 2020 2 MTN Rwandacell Plc ANNUAL REPORT 2020 TABLE OF CONTENTS Section 1: 2020 Overview 1.1 Chairperson's Statement 7 1.2 Chief Executive Officer's Statement 8 Section 2: Financial Highlights i) Summary Income Statement 11 ii) Summary Balance Sheet 11 iii) Summary Cashflow Statement 12 Section 3: Non-Finanical Highlights i) Customer Market Share 15 ii) Commercial Performance Indicators 15 Section 4: Strategy Update 19 Section 5: Corporate Social Investment - MTN Foundation 24 Section 6: Corporate Governance 6.1 Board of Directors 28 6.2 Board Committees 28 6.3 Director Fees and Allowances Paid in the year 2020 29 6.4 Current Board Director Profiles and Directorship Disclosure 31 6.5 Executive Management Organizational Structure 35 6.6 Employees 38 Y’ello3 MTN Rwandacell Plc ANNUAL REPORT 2020 Section 7: Audited Financial Statements for Year Ending 2020 7.1 Reports Directors’ Report 41 Statement of Directors’ Responsibilities 43 Report of the Independent Auditor 44 7.2 Financial Statements Statement of Comprehensive Income 48 Statement of Financial Position 49 Statement of Changes in Equity 50 Statement of Cash Flows 51 Notes 52 Section 8: Attachments 8.1 Profiles of New Directors 106 8.2 Annual General Meeting Notice 109 8.3 Proxy Forms 112 4 MTN Rwandacell Plc ANNUAL REPORT 2020 2020 Overview SECTION 1 of MTN Rwanda 5 MTN Rwandacell Plc ANNUAL REPORT 2020 Belief Statement Everbody deserves the benefits of a modern connected life Vision Leading digital solutions for Rwanda's progress 6 MTN Rwandacell Plc ANNUAL REPORT 2020 Chairperson’s statement It is my pleasurepleasure toto presentpresent toto youyou thethe firstfirst AnnualAnnual ReportReport of MTN Rwandacell PLC since it was listedlisted inin MayMay thisthis year.year.
    [Show full text]
  • The Kenya Power & Lighting Company Plc Half-Year Financial Statements 31
    THE KENYA POWER & LIGHTING COMPANY PLC HALF-YEAR FINANCIAL STATEMENTS 31 DECEMBER 2020 THE KENYA POWER & LIGHTING COMPANY PLC FINANCIAL STATEMENTS FOR SIX MONTHS PERIOD ENDED 31 DECEMBER 2020 CONTENTS PAGES Report of the Directors 2 Statement of Comprehensive Income 3 Statement of Financial Position 4 Statement of Changes in Equity 5 Statement of Cash Flows 6 Notes to the Financial Statements 7 - 22 1 THE KENYA POWER & LIGHTING COMPANY PLC REPORT OF THE DIRECTORS The Directors submit the unaudited interim financial statements for the six months’ period ended 31 December 2020 ACTIVITIES The core business of the Company continues to be the transmission, distribution and retail of electricity purchased in bulk from The Kenya Electricity Generating Company Limited (KenGen), Independent Power Producers (IPPs), Uganda Electricity Transmission Company (UETCL) and Tanzania Electric Supply Company Limited (TANESCO). RESULTS Shs’000 Profit before Taxation 332,658 Taxation charge (194,297) Profit for the Period 138,361 DIVIDENDS The Directors recommend no payment of interim dividend for the period. 2 THE KENYA POWER & LIGHTING COMPANY PLC STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE SIX MONTHS PERIOD ENDED 31 DECEMBER 2020 Note 31.12.2020 31.12.2019 Revenue Shs’ 000 Shs’ 000 Electricity Sales 2 (a) 61,497,156 61,241,134 Foreign Exchange adjustment 2 (a) 2,662,375 571,532 Fuel cost adjustment 2 (a) 4,855,056 7,793,993 69,014,587 69,606,659 Power Purchase Costs Non Fuel Power Purchase Costs 3 (a) (38,122,496) (37,190,151) Foreign
    [Show full text]
  • Financial Inclusion Policy
    AN INCLUSIVE FINANCIAL SECTOR FOR ALL Draft for consultation AN INCLUSIVE FINANCIAL SECTOR FOR ALL Draft for consultation To obtain additional copies of this document, please contact: Communications Directorate, National Treasury, Private Bag X115 Pretoria, 0001, South Africa Tel: +27 12 315 5757 | Fax: +27 12 406 9055 The document is also available on the internet at: www.treasury.gov.za AN INCLUSIVE FINANCIAL SECTOR FOR ALL Draft for consultation TABLE OF CONTENTS LIST OF ACRONYMS, FIGURES, AND TABLES ........... vii 3.1.3. Treating customers fairly (TCF) EXECUTIVE SUMMARY ................................................ 1 framework ................................................................... 31 1 INTRODUCTION ..................................................... 8 3.1.4. Financial Sector Regulation Act ..................... 31 1.1. What is financial inclusion 3.1.5. Parliamentary enquiry into and why is it important? ........................................................8 transformation of the financial sector ....... 32 1.2. Policy objectives and scope ............................................. 12 3.1.6. The Financial Intelligence Centre Act ........ 33 1.2.1. Objectives .................................................................... 12 3.1.7. Insurance Act ............................................................ 33 1.2.2. Scope ............................................................................. 12 3.1.8. Review of banking and payment methods in distributing social grants ........ 34 2 SOUTH AFRICA’S
    [Show full text]
  • The United Republic of Tanzania the Economic Survey
    THE UNITED REPUBLIC OF TANZANIA THE ECONOMIC SURVEY 2017 Produced by: Ministry of Finance and Planning DODOMA-TANZANIA July, 2018 Table of Contents ABBREVIATIONS AND ACRONYMS ......................................... xiii- xvii CHAPTER 1 ................................................................................................. 1 THE DOMESTIC ECONOMY .................................................................... 1 GDP Growth ............................................................................................. 1 Price Trends .............................................................................................. 7 Capital Formation ................................................................................... 35 CHAPTER 2 ............................................................................................... 37 MONEY AND FINANCIAL INSTITUTIONS ......................................... 37 Money Supply ......................................................................................... 37 The Trend of Credit to Central Government and Private Sector ............ 37 Banking Services .................................................................................... 38 Capital Markets and Securities Development ......................................... 37 Social Security Regulatory Authority (SSRA) ....................................... 39 National Social Security Fund (NSSF) ................................................... 40 GEPF Retirement Benefits Fund ...........................................................
    [Show full text]
  • Absa Bank 22
    Uganda Bankers’ Association Annual Report 2020 Promoting Partnerships Transforming Banking Uganda Bankers’ Association Annual Report 3 Content About Uganda 6 Bankers' Association UBA Structure and 9 Governance UBA Member 10 Bank CEOs 15 UBA Executive Committee 2020 16 UBA Secretariat Management Team UBA Committee 17 Representatives 2020 Content Message from the 20 UBA Chairman Message from the 40 Executive Director UBA Activities 42 2020 CSR & UBA Member 62 Bank Activities Financial Statements for the Year Ended 31 70 December 2020 5 About Uganda Bankers' Association Commercial 25 banks Development 02 Banks Tier 2 & 3 Financial 09 Institutions ganda Bankers’ Association (UBA) is a membership based organization for financial institutions licensed and supervised by Bank of Uganda. Established in 1981, UBA is currently made up of 25 commercial banks, 2 development Banks (Uganda Development Bank and East African Development Bank) and 9 Tier 2 & Tier 3 Financial Institutions (FINCA, Pride Microfinance Limited, Post Bank, Top Finance , Yako Microfinance, UGAFODE, UEFC, Brac Uganda Bank and Mercantile Credit Bank). 6 • Promote and represent the interests of the The UBA’s member banks, • Develop and maintain a code of ethics and best banking practices among its mandate membership. • Encourage & undertake high quality policy is to; development initiatives and research on the banking sector, including trends, key issues & drivers impacting on or influencing the industry and national development processes therein through partnerships in banking & finance, in collaboration with other agencies (local, regional, international including academia) and research networks to generate new and original policy insights. • Develop and deliver advocacy strategies to influence relevant stakeholders and achieve policy changes at industry and national level.
    [Show full text]
  • Kelvin N. Njoka
    KELVIN N. NJOKA PRODUCT MANAGER| BUS INESS ANALYST | PROJECT MANAGER EXPERIENCE EDUCATION OCT 2020 – PRESENT 2009 - 2012 Equity Bank Kenya Limited MASTER OF BUSINESS ADMINISTRATION GROUP HEAD, MOBILE BANKING UNIVERSITY OF NAIROBI Responsible for strategic implementation of Mobile payment products and integrated services for the Equity group. The role is also responsible for the 2003 - 2007 profitable management of the Mobile Channels P&L. B.SC. SOFTWARE ENGINEERING UNIVERSITY OF EASTERN AFRICA, BARATON MAR 2019 – OCT 2020 NCBA Bank Kenya PLC SENIOR PRODUCT MANAGER SKILLS & COMPETENCIES The role was responsible for providing strategic direction, and leadership to cross-functional teams Product Management Change management charged with the formulation and deployment of Business Analysis Innovation management product strategies, with key focus on business model Project Management Systems Analysis & Design development for digital financial services. Data Analytics UI/UX design (mobile & web) OCT 2017 – FEB 2019 Business Management Graphic design Commercial Bank of Africa Limited Business Process Management Coding PROJECT LEAD, PRODUCT IMPLEMENTATION The role involved definition and implementation of CBA group’s product management framework. This framework redefined the organizations’ product lines, PROFFESSIONAL TRAINING & CERTIFICATION alignment to identified customer segments and PROJECT MANAGEMENT - PRINCE 2 | NO. 9980007523277653 definition of product lifecycle management strategies. CERTIFIED PRODUCT MANAGER NOV 2015 – SEP 2017 Commercial
    [Show full text]
  • Preventing Failure of Commercial Banks in Kenya: an Analysis of the Supervisory Role of the Central Bank
    UNIVERSITY OF NAIROBI SCHOOL OF LAW A RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE AWARD OF MASTER OF LAWS (LL.M) OF THE UNIVERSITY OF NAIROBI PREVENTING FAILURE OF COMMERCIAL BANKS IN KENYA: AN ANALYSIS OF THE SUPERVISORY ROLE OF THE CENTRAL BANK MUGO ALICE WAIRIMU REGISTRATION NUMBER G62/75187/2014 2018 i DECLARATION I, Alice Wairimu Mugo, hereby submit this thesis and declare that it is my original work and that it has not been presented for any award of a degree in any university. Signed: ………… ………………………… Date: ……………………………….. Alice Wairimu Mugo Reg. No: G62/75187/2014 This thesis has been submitted with my approval as University Supervisor Signed: …………… ……………………… Date: ………………………………. Ms Joy Asiema Lecturer, Department of Public Law School of Law University of Nairobi ii ACKNOWLEDGEMENT I would like to acknowledge the following persons without whom this paper would not have been possible: My parents and siblings: For their financial and moral support, and for encouraging me to further my education; Ms Joy Asiema, my supervisor: I am grateful for her constructive guidance; and getting to benefit from her legal academic writing knowledge and expertise; and My classmates-turned-friends: for their advice, critiques and encouragement all through. iii DEDICATION This research project is dedicated to my dad, Ephraim Mugo Kamanga. I wish you could have seen me graduate. Keep resting in peace, Dad. iv LIST OF ABBREVIATIONS BNM Bank Negara Malaysia BSD Bank Supervision Department CAMELS Capital Asset Management Earnings Liquidity Sensitivity to Risk CBK Central Bank of Kenya CMA Capital Markets Authority CR Component Rating CRR Composite Risk Rating FDIC Federal Deposit Insurance Corporation FSA Financial Services Authority GDP Gross Domestic Product IRA Insurance Regulatory Authority PGs Prudential Guidelines RBA Retirement Benefits Authority RBI Reserve Bank of India RBS Risk Based Supervision UFIRS Uniform Financial Institutions Rating System v ABSTRACT The importance of a stable banking system in any country cannot be sufficiently underscored.
    [Show full text]