About Kenya School of Monetary Studies
About Kenya School of Monetary Studies | Read on the History of Kenya School of Monetary Studies . Details of the establishment of Kenya School of Monetary Studies
Background & Mandate
Kenya School of Monetary Studies (KSMS) was established as a School of the Central Bank of Kenya and registered in 1997 as a corporate entity, limited by guarantee; under the Companies Act (Chapter 486 of the Laws of Kenya); with the primary mandate to build capacity for the banking industry and support the Bank deliver on its core mandate of fostering a stable and well-functioning financial system.
This was in response to the bank failures experienced in 1980/1990s, which were mainly attributed to inadequate staff with requisite skills in banking, financial management, implementation of economic reforms and inadequate postgraduate economists required to formulate economic policies. The Central Bank of Kenya and the Ministry of Finance therefore found it necessary to establish KSMS as a training institution dedicated to offering specialized education and training programs in banking, finance, economics and other related studies, which were not available in other training institutions and universities.
The school, which started off by taking over short term management and skill development programmes hitherto run by the defunct College of Banking and Finance (CBF), has continued to offer demand driven short term management development courses and filled in gaps for advanced knowledge and education in long term postgraduate programs tailored specifically for the financial sector.
Vision & Mission
The school is driven by the following Vision and Mission
To be World Class Knowledge based Capacity Building institution for the Financial Sector in Kenya and the Region.
To deliver international best practice knowledge based capacity building programmes driven by the demands of the financial sector in Kenya and the Region