EDWARD HAGGAI NTALAMI Friends will be meeting at his home in Kianjai daily and those in Nairobi will be meeting from Monday the 24th of October at St Paul’s Church opposite St Andrews near the UON halls of residence, to celebrate the distinguished life of Edward Haggai Ntalami who died on 20th November 2014 after a long battle with cancer at the age of 67. Please join friends at St Paul’s to celebrate the life summarized below: Ntalami was educated at Strathmore University (formerly Strathmore College; where in 1974 he qualified as a Fellow of the Association of Chartered Certified Accountants (ACCA) of the United Kingdom. He took up employment with Housing Finance Company of Kenya (HFCK) Limited then, aged 28, was awarded a three-year scholarship by the Government of Kenya to pursue Masters of Business Administration (MBA) degree from the University of Sheffield, England. He then returned to his homeland, where in 1979 he qualified as a member of the Institute of Certified Public Accountants (CPA), Kenya. Edward has served for over two decades in financial planning and management in the fields of commerce and industry, public sector which included serving as Chief Accountant, and later, was the Ag. CEO, of Kenya Airways for four years. Edward Haggai Ntalami was appointed Chief Executive, Capital Markets Authority (CMA) in December 2002 by President Mwai Kibaki. He completed his term in office on 17 December 2007. His tenure at CMA is memorable and is sometimes referred to as the Golden Age of the Kenya Capital renaissance as demonstrated by the following events: • Kenya Re initial public offering: • NSE revises stock market index: • Access Kenya initial public offering: • The Carbacid Investments vs. BOC Group tussle: • Electronic trading commences at the NSE: • Equity Bank listing: • ScanGroup Ltd. IPO: • KenGen IPO: • CFCStanbic Bank rights issue: • Uchumi Supermarkets rights issue: • KCB rights issue: In Addition; • Kenyas secondary bond market voted among the best in Africa: A report released by the International Monitory Fund (IMF), in April 2007, ranked Kenyas secondary bond market as among the most vibrant in Africa, coming only third to South Africa and Mauritius. The World Regional Economic Survey for April 2007 reports that, Kenyas lengthening maturities which has allowed better pricing of debt instruments, puts it among the few countries in Africa with a vibrant debt market. • The overwhelming success of the KenGen IPO was widely commended for generating a lot of awareness in investments among ordinary Kenyans of all ages, professions and income levels. The landmark IPO led to a massive interest in opening stock brokerage accounts and investing in Kenya. According to the Central Depository and Settlement Corporation (CDSC), the number of people with CDS accounts increased significantly and as at the end of June 2007 stood at over 750,000 accounts up from 78,300 in December 2005; a noteworthy tenfold increase in only one-and-a-half years. • Many have also commended Ntalami for his resolve in rejecting plans to use a bookbuilding approach to allocate the KenGen shares. The initial plan is said to have been abandoned after it appeared to be biased against the small investor. • Under Ntalamis watch at the healm, the NSE 20 Share Index posted a historic mark, surpassing its previous all-time high of 5,030 points, hit on 18 February 1994. As at close of trading on 10 November 2006 it stood at 5654.46 points. The NSE index has delivered an unprecedented growth in excess of over 300% over the last two and a half years.
Posted on: Fri, 21 Nov 2014 05:55:00 +0000
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