The Chairman of the Strathmore University Council, Professor Terry Ryan, presented a paper titled "The monetization of Kenya: 1824 to 1924" at the Money in Africa Conference held at the British Museum in London from 9 to 11 March, 2007.

"In his paper, Professor Ryan looks at the ways in which monetization first began along the East African coast and subsequently spread inland through trade, the movement of monetized peoples into the interior and the creation of colonial financial and monetary institutions. Among the attractive features of the paper is an Appendix outlining the various coins and notes circulating as "money" during the period between 1888 and 1924."

Professor Ryan holds a PhD in economics. He taught at the University of Nairobi for many years before he was appointed Kenya's Economic Secretary. He now consults on macro-economic issues.

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