The Institute of Certified Investment and Financial Analysts (ICIFA) has launched a college to address the need for professional investment and finance education. The college targets students and practitioners who wish to gain professional investment and finance education qualifications. Located in Upper Hill, the college will be offering training for the Certified Investment and Financial Analysts (CIFA), Certified Public Accountants (CPA) qualifications as well as short courses. They are aimed at advancing competence in investment decision making and provision of sound investment advice. Online training will also be available.
This is a milestone for ICIFA which is the only professional body in Kenya mandated by the Investment and Financial Analysts Act, No. 13 of 2015 (IFA Act) to register and license investment and financial professionals both in public and private sectors. Mr. Abubakar Hassan, Principal Secretary (PS) at the State Department for Investment Promotion, said the college will play a critical role in honing the skills of investment and finance professionals in a rapidly changing business environment. “This college is not just about academics; it is about creating an environment that will nurture the holistic development of students and practitioners in the investment and finance industry,” he said.
Mr. Hassan further observed that the government was working closely with financial institutions, training institutions, training providers and other stakeholders in the investment industry to develop policies that facilitate investment training and talent retention in the sector. The state department for investment promotion is legally mandated to establish and implement policies that promote, attract, develop and retain both domestic and international direct investments, besides providing an enabling business environment for investors to do business. The department, the PS noted, will facilitate the creation of an enabling environment for investment training and development by identifying bankable projects and investment opportunities. It will also promote the investment sector, fostering collaborations and advocating for favourable policies.
Ms. Diana Muriuki-Maina, the ICIFA chief executive officer said the college would soon introduce short courses such as presentation and communication skills for investment and finance professionals, big data and data analytics, fintech, personal financial planning, finance for non-finance professionals, investment decision making for boards, investment performance monitoring, investment banking and transaction advisory training, investment and wealth management, climate finance as well as ESG for listed companies and risk management.