User:Joyce wachira
| Abubakar Hassan Abubakar | |
|---|---|
| PS Abubakar Hassan Abubakar | |
| Office | |
| Principal Secretary | State Department of Investment Promotion |
| Assumed office | 2022. |
| Personal information | |
| Year of birth | 1980 |
| Nationality | Kenyan |
| Education | |
| Post Graduate | Harvard Law School |
| Undergraduate | University of Nairobi |
| Job history | |
| February 2016 | Capital Markets Authority |
| 2014-2016 | Central Bank of Kenya |
| Jan. 2006-Dec. 2008 | Grant Thornton |
| Jan 2005-Dec. 2005 | Swaleh and Company Advocates |
| Lawyer by Profession | |
Abubakar Hassan Abubakar (born on 12th October 1980) is a Kenyan Citizen. He is the Principal Secretary State Department for Investment Promotion, Ministry of Investments,Trade and Industry.Having been appointed by President William Ruto, and successfully vetted by the 13th Parliament of Kenya.[1]
Biography
[edit]Achievements
[edit]- Facilitated and enabled new Kenyan Corporates to raise over K.shs 40 billion (Acorn,Centum, Family Bank, EABL, KMRC) Debt Financing in the Corporate Bond Market, which was channeled to support National Development Priority Agenda, immediately after the default of Imperial Bank, Chase Bank and Real People Corporate Bonds in the year 2016
- From 2016 to date, Facilitated and enabled Kenyan Corporates to raise over K.shs 24 billion in Equity Financing in the Corporate Equity Market ( Kengen, Loghorn and Crown Paints).
- Facilitated Governments to bridge budget deficits through issuance of Treasury Bonds and Infrastructure Bonds every year
- Facilitated and enhance mobilization of retails savings to investment through collective investment schemes from K.shs 75 billion in the year 2020 to K.shs 145 billion in the year 2022 and non-collective schemes to K.shs 1.9 trillion in 2022 (exclusive of public service pension schemes)
- Enhanced corporate accountability through administrative retributive justice and restorative Justice in the biggest Kenya corporate scandals ( CMCH, Uchumi, Mumias,National Bank of Kenya, Imperial Bank, Chase Bank , Real People and Kenol Kobil).
- Enhanced safety and stability of the capital markets by avoiding collapse of market intermediaries through risk-based supervision. The last collapse was in the year 2019.
- Member of the Kenya National Task Force on Anti Money Laundering which came up with the proceeds of Crime and Anti Money Laundering Act to enhance financial market integrity
- Member of the Technical Committee of Joint Financial Sector Regulators to assist in the promotion of deepening of the financial markets in terms of access, efficiency and stability.
Experience and Career
[edit]- Director, Market Operations of CAPITAL MARKETS AUTHORITY- KENYA
- Assistant Manager Legal Services of Central Bank of Kenya (NOVEMBER 2014 TO MARCH 2016)
- Senior Legal Office of Capital Markets Authority – KENYA (JANUARY 2011 – OCTOBER 2014)
- Legal Officer of CCapital Markets Authority (JANUARY 2009 – DECEMBER 2010)
- Associate - Corporate and Special Advisory Services of GRANT THORNTON CONSULTANTS – KENYA (JANUARY 2006 – DECEMBER 2009)
- Legal Intern of SWALEH & CO. ADVOCATES – (OCTOBER 2004 – DECEMBER 2005)
Recognition
[edit]- Associate of Toronto Centre- Global Leadership in Financial Supervision
- Senior Leadership Development Program – Kenya School of Government
- Global Certificate Program for Securities Regulators – Harvard Law School
- Management and Leadership Course- Kenya Institute of Management
- Quality Management Systems for Top Management – Millennium Management Consultants
Membership
[edit]- Member of the Law Society of Kenya
- Member of Certified Public Secretary of Kenya
- Member of Certified Securities and Investment Analysts of Kenya
References
[edit]