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Capital Markets Authority (Kenya)
The Capital Markets Authority of Kenya, also known as CMA, is a government financial regulatory entity responsible for supervising, licensing and monitoring the activities of the capital markets within the Republic of Kenya, market intermediaries, including the stock exchange, and the central depository and settlement system and all other persons licensed under the Capital Markets Act of Kenya. The Capital Markets Authority regulates the capital markets sector by providing guidelines for corporate asset allocation. In the Capital Markets Act, guidelines for the amount of funds to be invested in each class of assets e.g. equities, government bonds and bills, are given in ranges. Establishment The Capital Markets Authority is a body corporate with perpetual succession and a common seal and capable, in its corporate name, of: * Suing and being sued; * Taking, purchasing or otherwise acquiring, holding, charging and disposing of both movable and immovable property; * Borrowing and ...
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Government Agency
A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an administration. There is a notable variety of agency types. Although usage differs, a government agency is normally distinct both from a department or ministry, and other types of public body established by government. The functions of an agency are normally executive in character since different types of organizations (''such as commissions'') are most often constituted in an advisory role—this distinction is often blurred in practice however, it is not allowed. A government agency may be established by either a national government or a state government within a federal system. Agencies can be established by legislation or by executive powers. The autonomy, independence, and accountability of government agencies also vary widely. History Early exa ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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Government Agencies Of Kenya
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ...
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Micah Cheserem
Micah Cheserem is a Kenyan banker and a former chairman of the CRA Commission on Revenue Allocation. He previously worked as a Governor of the Central Bank of Kenya and Chairman of Kenya's Capital Markets Authority. Bibliography ''The will to succeed: an autobiography'' () See also * Central Bank of Kenya * Commission on Revenue Allocation The Commission on Revenue Allocation is a Kenya government Commission established under Article 215 and 216 of the Constitution of Kenya. Role Its key role is recommendation of the basis for equitable sharing of revenues raised nationally betw ... References Year of birth missing (living people) Central Bank of Kenya people Living people Governors of the Central Bank of Kenya Kenyan bankers {{Kenya-bio-stub ...
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Nairobi Stock Exchange
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. The exchange had 66 listed companies in February 2021. History Founding Nairobi Stock Exchange (1954-1999) The Nairobi Stock Exchange was established in 1954 as the in Nairobi, the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. Previous to its founding, dealing in shares and stocks started in the 1920s when it was the British colonial Kenya Colony (1920−1963), a part of the British Empire. A stock exchange was first floated in 1922 at the Exchange Bar in the Stanley Hotel in Nairobi. However, the market was not formal as there did not exist any rules and regulations to govern stock broking activities. Trading took place o ...
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Central Bank Of Kenya
The Central Bank of Kenya (CBK) ( sw, Banki Kuu ya Kenya) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Patrick Ngugi Njoroge is current Governor of CBK and Sheila M’Mbijjewe is the Deputy Governor. Organizational structure Management The bank’s executive management team comprises the governor, deputy governors and heads of departments. The governor assumes the role of Chief Executive Officer of the bank and is therefore responsible for its overall management. The governor is also the bank’s official spokesperson. Governor The current governor of the bank is Patrick Ngugi Njoroge. Former governors of the Bank are: * Prof. Njuguna Ndung'u (March 2007 – March 2015) * Dr. Andrew Mullei (March 2003 – March 2007) * Nahashon Nyagah (April 2001 – March 2003) * Micah Cheserem (July 1993 – April 2001) * Eric Cheruiyot Kotut (January 1988 – July 1993) * ...
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Patrick Ngugi Njoroge
Patrick Ngugi Njoroge is a Kenyan economist, banker and the ninth governor of the Central Bank of Kenya. Background and education Njoroge was born in Kakuma, Kenya, . His father was an official in the education department and his mother was a teacher. Njoroge credits his parents involvement in education with inspiring his passion for learning. Njoroge attended Mangu High School from 1973 until 1976, for his O-Level education. From 1977 until 1978, he attended Strathmore College for his A-Level studies. He entered the University of Nairobi in 1979, graduating with a Bachelor of Arts in Economics in 1983 and a Master of Arts in Economics in 1985. From 1987 until 1993, he studied at Yale University, graduating with a Doctor of Philosophy in economics. While at Yale, Njoroge studied under professors such as William Brainard, Jim Tobin, and Robert J. Shiller. Career Following his master's degree, he worked in Nairobi as a planning officer at the Kenyan Ministry of Planning from ...
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Attorney General Of Kenya
The Attorney General of Kenya is the head of the Kenyan State Law Office, the principal legal adviser to the government of Kenya, and ''ex officio'' Member of Parliament and Cabinet (government), Cabinet. The current attorney general Justin Muturi was nominated by the William Ruto, President William Ruto in October 2022. His nomination was approved by the National Assembly on the 26 October2022, after the requisite vetting process. History The Office of the Attorney General draws its mandate from Article 156 of the Constitution of Kenya, Constitution of Kenya (2010), which vests on the Attorney General the responsibility of being the Principal Legal Adviser to the Government, to ensure that the rule of law is promoted, protected and upheld and defend the public interest. The Office of the Attorney General Act No. 49 of 201spells out the functions of the office that include Duties The attorney general's duties include the formulation of legal policy and ensuring proper administ ...
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Paul Kihara Kariuki
Paul Kihara Kariuki is a Kenyan lawyer and a former court of appeal president and judge. He was nominated for the post of Office of Attorney General of Kenya by President Uhuru Kenyatta on 13 February 2018 following the resignation of Githu Muigai. Background and education Paul Kihara Kariuki was born on 11, May 1954 in Kiambu, Kenya. His parents are the Late Bishop of Anglican Church, Bishop Obadiah Kariuki Obadiah Kariuki (1902–1978) was an Anglican bishop in Kenya during the last third of the twentieth century. enya Gazette 10 August 2007 Kariuki was born near Kabete where he attended the CMS school. He was baptized in 1922. He trained as a te ... and Lillian Wairimu the daughter of Senior Chief Koinange. He attended Nairobi School and graduated from the University of Nairobi with a Bachelor of Laws degree in 1977. Judicial career Between 1977 and 1980 Kariuki was a legal assistant at Hamilton, Harrison, and Matthews in Nairobi and then a partner from 1981 to 1986. In ...
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Chairperson
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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Republic Of Kenya
) , national_anthem = " Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , official_languages = Constitution (2009) Art. 7 ational, official and other languages"(1) The national language of the Republic is Swahili. (2) The official languages of the Republic are Swahili and English. (3) The State shall–-–- (a) promote and protect the diversity of language of the people of Kenya; and (b) promote the development and use of indigenous languages, Kenyan Sign language, Braille and other communication formats and technologies accessible to persons with disabilities." , languages_type = National language , languages = Swahili , ethnic_groups = , ethnic_groups_year = 2019 census , religion = , religion_year = 2019 census , demonym = ...
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