Former Central Bank of Kenya Governor and current Commission on Revenue Allocation Chairman Micah Cheserem will be the keynote speaker at this years SOA Alumni Cocktail. The Cocktail is scheduled for Friday 23rd September 6:00 p.m. at Strathmore Business School. ‘Successes and Challenges of Devolution so
Far’ Charges: KES 1000 Click Here to make Booking: Mr. Micah Cheserem attended Strathmore College of Accountancy where he qualified as an Accountant in 1972. He was awarded fellowship of Chartered Certified Accountants of London in 1974. Between 1970 and 1993, he worked for several private sector companies which include Lonrho E. A., B.A.T. Kenya, Flouspar Kenya and for many years with Unilever where he worked in Kenya, Australia and Malawi. In 1993, when Kenya faced a very serious monetary and economic crisis, he was appointed the Governor, Central Bank of Kenya, a position he held for eight years. He is credited with achieving monetary stability and taming the then run-away inflation. He had previously held the position of a Non-executive Director of the Central Bank from 1984 to 1991. From Central Bank of Kenya, Mr. Cheserem returned to Unilever Kenya Limited as the Non-executive Chairman. He also held the position of the Chairman of the Jomo Kenyatta Foundation, a publishing firm, for three years from 2003. During the period, he also served as a Non-executive Director of Kenya Airways. In 2009, he was appointed as the Chairman, Capital Markets Authority. Again, this was at a time of great market instability caused by frauds committed by some stockbrokers. Mr. Cheserem was appointed to his current position as the Chairman, Commission on Revenue Allocation (CRA) in December 2010. The core mandate of the Commission is to recommend the basis for equitable sharing of revenues raised nationally between the National and the County Governments, and sharing of revenue among the County Governments. The Commission also makes recommendations on other matters concerning the financing of, and financial management by, county governments. Further, the Commission has the responsibility to define and enhance the revenue sources of the national and county governments.