INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
THE 27th ECONOMIC SYMPOSIUM
Theme: “Creating Jobs, Transforming Lives and Sharing Prosperity”
Date: 20th– 22nd February 2019
Venue: Intercontinental Hotel – Nairobi
Twenty-Six Years ago, Accountants came together to reflect on the state of the Kenyan economy. In 1992, just after the first multiparty elections, the economy was facing monumental challenges in the areas of corruption, depressed economic growth as well as spike in inflation. Times have changed and today Kenya has the largest and most diverse economy in East Africa, with an average annual growth rate of over 5% for nearly a decade. In terms of Human Development Index, Kenya ranks highest in the region. Its entrepreneurship and human capital give it huge potential for further growth, job creation and poverty reduction. The recent discovery of oil and other mineral resources creates great potential for the Kenyan economy. The need to stop, pause, reflect and engage with government on how to best grow the economy has however remained at the top of the accountancy profession as well as other professions in Kenya.
2.0 ABOUT THE THEME
The 2018/19 national budget had as its theme a bold statement aimed at improving the lives of Kenyans through targeted financing as well as continue the path of reforms aimed at making Kenya a prime destination for capital. It is for this reason, and in keeping with tradition that the Institute of Certified Public Accountants of Kenya (ICPAK) has organized a three-day symposium, invited public finance experts to drive discussions and deliberations on the following key areas.
Motion 1: The 2018/2019 Budget; Are we on course?
Year in Year Out, National Government with the participation of citizens lays out its expenditure and revenue plans with twin aims of keeping a functioning state and importantly to drive the government’s development agenda. In this presentation, we shall reflect on government revenue collections, pace of reforms contained in the budget speech, the budget making process and reflect on the role of national treasury in economic stewardship.
Motion 2: The County Government Experience – Lessons for the Future
Key debating points here will include a general review of success of devolved units, the revenue sharing formulae and its base, and review of efforts in making regional economic blocks. Has the time come for consolidation? Is it time we made an avenue for willing counties to pull together?
Motion 3: The Big Four Agenda; Gaining Traction or A source of Distraction?
In this motion we shall review progress both by resource allocation as well as legal and policy reforms intended to drive the big 4 agenda as outlined by H.E the President. Poignant questions include;
- The Agricultural Revolution Lie; The combination of demand and supply side interventions by the state, i.e. subsidies to farmers and buying of produce by the state at non-market rates. Is it time we gave up on state interventions and how else can we create a comparative advantage for agriculture?
- The Housing Dilemma; Is state the best provider or should a facilitative environment be created for private sector players?
- Universal Health Care; Even Private Sector Medical Insurance hasn’t worked, NHIF is embroiled in corruption scandals, which way for a reliable health care for Kenyans?
- Manufacturing Sector; Focusing on the cost of energy, tariff and non-tariff barriers, which way for Kenyan manufacturers producing for local, regional and international markets.
Motion 4: The Corruption Puzzle
Discussion will be geared to newer and innovative ways in which to address the challenge of corruption now that most past interventions seem less educating for economic growth.
Motion 5. Case Study; The Israel Miracle
The small nation of Israel with 8 million citizens yet it is a powerhouse in areas of science, technology and innovation. Just what makes them tick and what can the nation of Kenya learn from their experiences, culture and way of life.
Motion 6: The Changing Economic Landscape in Region and its Impact
Financial Services Sector, Real Estate, Telecommunication, Blue Economy and Cooperative sector.
Motion 7: Regional Infrastructural Development – Collaboration or Competition?
Motion 8: Taking Back Nairobi County; A Time for Candid Conversation
Nairobi being Kenya’s metropolis is and has been planned to be a jewel in the region and on the continent. Lofty plans including making it a city in the sun, a commercial hub, a financial capital is but among the many plans and intentions of present and past leaderships. The reality of traffic gridlock, absence of decent affordable housing, challenged public health and educational institutions is what defines Nairobi’s reality. This motion will seek answers on what needs to be put in place to ensure an efficient and working metropolis.
Motion 9: Public Sector Accountability
CEO Turnovers, Board Changes, Scandals, Qualified Audit Reports and Outright Theft seem to be defining aspects of Public Sector Entities. This motion will by way of panel discussion establish a mechanism of how to revert to public service ethos and principles.
Over the last 26 years in which ICPAK has held the Economic Symposium, it has traditionally been officially opened by National Treasury who engage participants on matters central to our economy. Others who have found the Symposium particularly useful include Economists, National & County Budget Officers & Committee Members, Board members, CEOs, CFOs, CIOs, Senior Managers and Executives, Tax Planners, Academia, Researchers and professionals keen on economic matters
|Category||Early Bird Registration
Booking & Payment on or before 6th February 2019
Booking & Payment or LSO/LPO received by ICPAK after 6th February 2019
|Associate Members /Students||Ksh. 35,000||Ksh. 36,000|
|Kenyan based Members/ACCA Members and IFAC PAOs||Ksh. 39,000||Ksh. 40,000|
|Non-members & International Delegates||Ksh. 49, 000
4.0 CPD UNITS
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all seminar sessions
6.0 National Industrial Training Authority (NITA) Reimbursement for Kenyan Delegates
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Kenyan participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyans.
7.0 Partnership Opportunities.
The Symposium presents a perfect opportunity for organizations to showcase their products and services to a target group with high purchasing power, both on personal and corporate levels. The event further presents a unique opportunity for brand positioning and communication for optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship/partnership opportunities range from cocktail, gala, media sponsorships, exhibitions and advertising. For more information or enquiries please email email@example.com
*We encourage members to regularly visit our website www.icpak.com for updates.