NAIROBI, Kenya, Jan 26 – A total of 563 analysts have enrolled to be members of the Institute of Certified Investment and Financial Analysts in 2018.
According to Chairman of the Institute Job Kihumba, the analysts completed rigorous minimum standards set by ICIFA, which includes being a CIFA graduate and having at least 3 years of relevant experience.
There was a total of 242 practicing members as at 31 December 2018 compared to 195 members as of January 2018.
“Any persons practicing as a finance and investment analyst needs to be registered by the institute. Firms that engage in public practice in securities and investment analysis also need to register with the institute,” Kihumba said.
About 81 firms were gazetted by ICIFA to be engaged in public practice of Securities and Investment Analysis.
The requirements to be a practicing member needs one to hold a practicing certificate license that is renewed annually.
ICIFA requires that a firm has at least one practicing member of the institute meeting the minimum requirements as stated above.
“As an institute, we continue to play our role as the regional resource and advocacy body for the investment and finance professionals even as we carry out our mandate in ensuring professionalism in those areas,” said Diana Muriuki, the Chief Executive Officer (CEO) of ICIFA.