The Chartered Institute for Securities & Investment (CISI) has opened its first African office in Nairobi, Kenya. The Nairobi office will be the Institute’s eighth office outside of the UK.
CISI is a London-based securities and investment global professional body that has offices in the Philippines, the United Arab Emirates, Spain, India, Ireland, Singapore, and Sri Lanka. The professional body has also been providing exams and membership across Africa since 2012 while ten countries have issued regulatory approval for its exams. The Institute represents professionals in capital markets, financial planning, and wealth management.
CISI in Kenya
The Institute has been actively present in Kenya after signing a memorandum of understanding with the Capital Markets Authority in 2014. So far, more than 2,500 candidates in Kenya have taken the CISI exam which indicates the continuous growth the capital markets in Kenya is undergoing.
“In addition to the commitment demonstrated by capital markets practitioners towards increased professional standards by sitting the exams in their numbers, it was heartening that Kenya has one of the highest pass rates for the Kenya Introduction to Securities and Investments module (ISII Kenya) at 83 per cent against a global average of 59 per cent,” CMA chief executive Paul Muthaura said.
”Choosing Kenya as the first country in Africa to open a full-fledged CISI office is a strong validation of Kenya’s gateway position as we edge closer to achieving the goal of making Nairobi an International Financial Centre as envisioned in Kenya’s Vision 2030. Through the improved support for the uptake of the global standard programs of CISI in Kenya, this can only serve to further increase the knowledge, skills and behaviour of practitioners to catalyze market growth over the coming years,” he added.