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SUDigest May - June 2010 Volume 4. No.

3 The Strathmore University Staff & Students Newsletter

OUR PARTNERS!
CELEBRATING
Chase Bank
donates Kshs
22 million
to SBS for the
construction of a
library in the new

Article on page 2
SBS building, one
of the buildings
under the Uni-
versity’s Phase III
development.

Deputy Vice Chancellor Dr Charles


Chase
Sotz (left) and SBS Dean, Dr Ed-
Bank ward Mungai (right) after receiving
the cheque from Mr Duncan Kibui,
the CEO of Chase Bank (top)

Mr Paul Ochieng’, Strathmore’s


Dean of Students (left), receiving
the Scholarship cheque from Mr
Keith Obare, the EABL Foundation
Manager (bottom, right)

Vice Chancellor Prof John Odhia-


mbo receives a Kshs 14 million
cheque from I&M Bank’s General
Manager (Marketing and Prod-
uct Development) Mr Suprio Sen
EABL Gupta (bottom left)
I&M
Bank

Plus School of Finance


and Applied Eco-
nomics launched
SBS uses tech-
nology to beat
Iceland’s volcano
Chase Bank donates
Kshs 22 million to SBS
News

On Thursday 20th port important causes


May Chase Bank do- Chase Bank Mr Kibui said Chase in society especially
nated Kshs22 million Bank was proud to be education. He said that
to Strathmore Business
has been voted associated with the the gesture is a good
School (SBS) for the the fastest university’s expansion. example and urged
construction of a library “We are a young and other organizations to
in the new SBS build-
growing bank growing institution and follow its example.
ing, one of the buildings in Kenya for feel highly honored to Dr Mungai observed
under the University’s be a partner with SBS’s that although business
Phase III development.
two years in a efforts to transform schools usually develop
The cheque was pre- row. Africa,” he said. partnerships with the
sented by the bank’s “The green technology business community,
CEO Mr Duncan Kibui adopted here is a noble this is not yet the case
to the SBS Dean, Dr way to save energy and in Kenya. He praised
Edward Mungai, and the towards environmental Chase Bank’s step to
University’s Deputy Vice conservation. We are partner with SBS.
Chancellor (Planning happy to be part of it,” The new library will
and Development) Dr he added. Phase III is be named after Chase
Charles Sotz. designed to meet the Bank and will have a
requirements of the seating capacity for 150
Leadership in Energy people with open areas
and Environmental De- for discussions and
SU Digest Team sign (LEED) certifica- private reading. Chase
tion which is a “Green Bank has been voted
Editor: Building” Rating System the fastest growing
Eric Kathenya of the USA that sets bank in Kenya for two
Editorial Team: standards for environ- years in a row.
Luis Borrallo, Marcos Migeri, mentally sustainable
Paul Ochieng, Pauline Kuria construction. By Nick Walubengo
Dr Sotz welcomed the
Design:
Mass Inspire Ltd. bank’s support and said
www.massinspire.co.ke that the bank’s offer of
being associated with
Photography: the library, which is at
Enos Weswa,
Charles Okumu, the heart of any learn-
Isaac Mwangi, ing institution, shows
Jeremiah Persanini how African institutions
are willing to work to
The views expressed here are not necessarily those of
Strathmore University nor of the Editor. together to transform
the continent.
Contact: SBS Fundraising com-
Strathmore University mittee Chairman Mr
Ole Sangale Road
P.O. Box 59857-00200 Zeph Mbugua thanked
Nairobi, KENYA the bank’s management
for standing out to sup-
Tel: +254 020 6006155
email: ekathenya@strathmore.edu
www.strathmore.edu/newsletter

SU Digest | May - June 2010 pg 2


I&M Bank gives Kshs14 million

Student News
for scholarships

are Bachelor of Science in


Informatics degree (BSc.IF) and
Bachelor of Science in Telecom-
munications (BSc.TC).
And two master’s degree
programmes under the Institute
for Humanities, Education and
Development Studies (IHEDS).
These are Master’s of Science
in Education Management and
Master’s in Philosophy and Ethics
(MAPE).
The new programmes will bring
the total number of degrees of-
fered by the University to 18. The
University also offers five diplo-
mas, and several professional and
executive programmes.

Product Development) Mr Suprio


“I&M Bank is happy Sen Gupta said that I&M Bank
to contribute towards has continued to support vari-
ensuring that bright ous worthy causes in line with its
Corporate Social Responsibility
SOA honours
but needy students can
further their education at policy.
“I&M Bank is happy to contrib- prison officer
Strathmore... ute towards ensuring that bright
but needy students can further and inmate
their education at Strathmore. I
also wish to congratulate the Uni-
versity for broadening its degree A new page was written in
programs with new ones which Kenya’s and University’s history
On Wednesday 21st April, I&M will aptly prepare these students on Friday, 7th May when Pe-
Bank presented the Vice Chan- for the business world,” Mr Gupta ter Kamau, an inmate on a life
cellor Prof John Odhiambo with said. sentence at the Naivasha Maxi-
a Kshs14 million cheque to offer Strathmore will offer seven mum Security prison and Joseph
10 scholarships to students of new degrees in the next aca- Mutiria, a prison officer at Shimo-
the first intake of the Univer- demic year beginning July. la-Tewa, together with other SOA
sity’s new degrees in Actuarial These include three degrees in (School of Accountancy) CPA
Science, Finance, and Financial Bachelor of Business Science i.e. and ACCA finalists, were awarded
Economics. The courses will BBS in Actuarial Science, BBS in certificates for completing the
start in the next academic year Finance, BBS in Financial Eco- courses at a function held at the
which begins in July. nomics, which will be under the Univesity.
Speaking at the cer- School of Finance and Applied Mr Kamau and Mr Mutiria
emony, I&M Bank’s Gen- Economics. did their CPA (Certified Public
eral Manager (Marketing and Two degrees in the Faculty of Accountant) studies through a
Information Technology. These distance learning project the

pg 3 SU Digest | May - June 2010


University set up under the Community Outreach not to have any regrets and bitterness later in life.
Program (COP) in conjunction with the Kenya Prison’s He pointed out that in order to achieve excellence
Department. The programme was initially funded by they should hold close the positive attributes that have
people who benefitted from the activities of Opus raised them to where they are now. Mbaru credited his
Dei and who attended the canonization of Josemaria personal determination and success to several people
Escriva in Rome in 2002. he looked up to as role models and mentors starting
Strathmore alumni led by Mr and Mrs Kim Bhari with his mother. He told the young accountants to
started an endowment fund to keep the programme have someone they could emulate even in some small
going. However, the demand from those in prison is way.
greater than the funds available. Strathmore is seek- Mr Godfrey Madigu, the Director of SOA reminded
News

ing support from individuals and organizations to those present of the final objective of learning. “You
further the education and welfare of people in Kenya’s are called to answer the greatest call common to all of
prisons. you… To put the knowledge you have acquired in your
Strathmore alumnus Mr Jimnah Mbaru, an invest- study of accountancy for humanity’s benefit and not
ment banker, was the Chief Guest at the function. Ms just to enrich yourselves and others whose only objec-
Caroline Kigen, the ICPAK (Institute of Certified Public tive is to amass wealth,” he said.
Accountants of Kenya) CEO also addressed the assem- “Real wealth does not come only from growing
bly. Over 400 students were awarded certificates of profits, increasing cash flows, maximization of share-
completion. holder value or other financial indicators. Real wealth
Basing his remarks on the University motto “Ut is achieved when one becomes more human, when
omnes unum sint” – that all may be one – the Vice one serves the common good while driving profits up,
Chancellor, Prof John Odhiambo, said that unity was cutting costs or growing cash flows,” he added.
key to achieving economic development. He also said He also noted what the country was expecting from
that the University is looking up to the graduates to them. “Our recent graduate destination survey pro-
support COP projects such as the one Kamau went vides fresh insights into the expectations that others
through. have of Strathmore. The University is not the buildings
Ms Kigen said the finalists were joining a select nor the administrators and teaching staff of this ven-
group of about 18,000 Kenyans and urged them to erable institution. You, the successful candidates are
strive to become members of ICPAK so as to broaden not just mere ambassadors of this institution, you are
their opportunities in the profession. She added that the institution. If others speak well about Strathmore,
they were lucky to have pursued their studies at it is you they are speaking about. It is you… because
Strathmore since the University offers more than the they have worked with you and interacted with you,”
minimum requirements. he said.
Mr Mbaru urged the accountants to embrace a You can view a video and a photo gallery of the
culture of openness to learning at all times and urged event on the University’s website.
them to be relentless in whatever they venture so as

HISTORIC CPA FINALISTS


Our recent graduate
destination survey
provides fresh insights
into the expectations
that others have of
Strathmore...

Peter Kamau, an inmate on life sentence (left) and Joseph Mutiria (right) a prison officer

SU Digest | May - June 2010 pg 4


News
Students at the event

School of Finance and Applied


Economics launched

The University start in the next aca- in conjunction with the


launched the School demic year 2010-2011. industry so as to meet
of Finance and Applied The BBS will offer three the skills needed by the
...the new school Economics (SFAE) at specializations that concerned professions.
will foster leader- The Nairobi Serena are Actuarial Science, Dr Grenham’s address
ship and transfor- Hotel on Thursday, 13th Finance, and Financial focused on the acces-
mation of these May. Experts in eco- Economics. sibility of insurance
disciplines in the nomics, finance, and Vice Chancellor, Prof products especially for
East African region. actuarial sciences were John Odhiambo, said the poor. He said that
present. They included that the new school barriers to these ser-
Dr Dermont Grenham will foster leadership vices include the cost
of the London School of and transformation of involved, product de-
Economics; Prof Terry these disciplines in the sign, regulation and lack
Ryan, Chairman of the East African region. He of financial education.
University Council; and said that “success and “An affordable way to
Ms Fahima Zein, Chief survival of a business in address these problems
Investment Officer at the 21st century is not is to adopt and develop
Genesis Kenya Invest- only defined by its prod- micro insurance solu-
ment Management uct, management or tions,” he said.
Limited. innovation, but also by
SFAE will run three its effectiveness, timely
Bachelor of Business identification, quanti-
Science (BBS) degrees fication and manage-
which are among the ment of risk.”
seven degree courses The new degree
the University plans to courses were prepared

pg 5 SU Digest | May - June 2010


News

“We are very conscious of


EABL scholarships the essential role education
come of age plays in the communities in
which we operate...

EABL (East African Breweries foundation was looking forward for this year’s intake. He further
Limited) Foundation has an- to expanding beyond the East appealed to other corporates to
nounced this year’s scholarships African regional markets. “We are join in so as to improve the edu-
application drive that will give 20 in liaison with relevant stakehold- cation sector in the country.
students the possibility of join- ers with a view to getting into In the last nine years, EABL
ing private and public universities markets like Rwanda, Ethiopia Foundation has given scholarships
across East Africa. The scholar- and Southern Sudan.” to close to 140 students, worth
ships are open to bright but The EABL Foundation Scholar- over Kshs 130 Million.
needy students across the region ship programme started in 2001
wishing to study Business, Infor- as “The Guinness Strathmore
mation Technology, Engineering Scholarships” but later expanded
and Food Science. The scholar- to cover the entire region in order
ships cover tuition, accommoda- to allow more students to apply.
tion and a monthly stipend. Successful applicants in the last
“We are very conscious of the five years have been accepted to
essential role education plays Strathmore, Nairobi, Dar-es-Sa-
in the communities in which we laam, and Makerere Universities, The EABL Foundation
operate. We are not only empow- among others. Scholarship programme
ering people but also investing Paul Ochieng, Strathmore’s started in 2001 as “The
in their future and that of their Dean of Students thanked the Guinness Strathmore
communities,” said Mr Keith Foundation for the initiative when
Obure, EABL Foundation Manager. he received a cheque from the Scholarships”
Mr Obure also revealed that the Foundation worth KShs19 million

SU Digest | May - June 2010 pg 6


The competition brings together teams from all over the
world who present workable business proposals that have
measurable social impact and are profitable.

News
SU represented
in global
entrepreneurship
competition

Left to right: Catherine Mulekyo (Pursuing BCOM)


Dorcas Otieno (Team Leader), a professor from China;
AnnRita Njiru (Graduate Assistant in FOC); Elsie
Onsongo (Faculty Advisor to the team); in India for the
competition

The University entered a team pursuing an MBA or alumni who added.


in the Global Social Venture graduated in the last two years “It is exciting to see that we
Competition held in Hyderabad, thus the inclusion of Mr Owino went this far since this was our
India from 5th to 7th March. The who completed his MBA course first time. It shows we have what
team was made up of Faculty work in November. it takes to innovate and run
of Commerce’s Ms AnnRita The team’s project named businesses. I am happy we are
Njiru, Ms Catherine Mulekyo, Hodari Recyclers did not qualify the first African team to have
Ms Dorcas Otieno, and Ms Elsie for the final competition to be done this,” AnnRita said.
Onsongo; and Mr David Owino, a held in the USA because the
student at the Business School. business is not yet functional. All By Nick Walubengo
The competition brings togeth- the teams that qualified for the
er teams from all over the world final round had their businesses
who present workable business operational for at least a year.
proposals that have measurable The top three teams were
social impact and are profitable. ‘AYZH’ from Madras, India, ‘Bags
The Strathmore team’s busi- of Hope’ from Hong Kong and
ness proposal was centered on ‘Agrisolutions’ also from India.
turning organic garbage into “It was a good opportunity for
charcoal. us to put into practice our en-
The team made history being trepreneurial skills in terms of a
the first team from Africa to business proposal and analysis,”
ever qualify for the competition said Dorcas, the team leader
when it was short-listed for the and a Master’s of Commerce
competition. It then reached the student.
top six teams from the whole of “We have plans to implement
Asia and Africa at the competi- what we had on paper and we
tion. believe that our business will be
The organization of the event operational in a short while,” An-
required that a team should nRita, who is a graduate assis-
have at least one member tant in the Faculty of Commerce,

pg 7 SU Digest | May - June 2010


When SOA mem-
Mzima SACCO donates bers of staff visited
Kshs50, 000 to SU Mr Ahluwalia
News

Mr Randhir Ahluwalia called it a day


early this year after teaching for 32 years
at the School of Accountancy (SOA). On
26th of March, some members of staff
from SOA paid their former colleague and
his family a courtesy visit at his lovely
home at Kilimani
The Ahluwalias’ bungalow is surrounded
by an extensive compound adorned by
trees and flowers which give it a serene
atmosphere. Mr Ahluwalia remarked that
it was an honour to have his former col-
leagues (some of whom were once his
students) as guests at his home.
The staff members who paid the visit
Dr Charles Sotz (Deputy Vice Chancellor Planning and Development) receives were only too happy to acquiesce to Mrs
the Mzima Sacco cheque from Ms Carolyn Mage and Mr James Gathungu Ahluwalia’s offer of true Indian ‘chai’ (tea)
and savory bhajia. They also got a chance
Mzima Springs SACCO Ltd, a savings and to see the family photos. Owing to the nu-
credit union made up of members of the merous graduation caps counted on them,
University’s staff gave a Kshs50,000 contribu- an obvious inference was that the erudite
tion to the University. The Sacco draws its 350 family members were truly chips off the
members from the University and Strathmore old block.
and Kianda schools, among others. The lecturers offered a gift of a lion
Mr Geoffrey Injeni, the Chairman of the statuette to Mr Ahluwalia and family, a
SACCO said that over the past four years it small gesture of appreciation for his faith-
has been contributing to the scholarship funds ful service to Strathmore.
of the three institutions that make up the bulk
Mr Ahluwalia said that though his wife
of its members. This year, the SACCO had bud-
geted Kshs100,000 as donation, which was and himself were deeply moved by the gift
shared by the three large institutions with the and were pleased to accept it, the thought
University getting half of the amount. behind it and the visit itself were even
Kshs40,000 will go to the University’s schol- more appreciated.
arship fund and Kshs10,000 to the Phase III
development project. Kshs30,000 and Kshs20, By Susan Kibe
000 went to the scholarship funds of Strath-
more School and Kianda School respectively.
Mr Injeni explained that the reason for the
donation is that a SACCO is not meant to only
benefit members as individuals but should also
play a direct role in educating students in the
spirit of service of the institutions where its
members work. He added that the SACCO will
engage in other social activities and is plan-
ning to partner with the University’s Commu-
nity Outreach Program (COP).
The SACCO has grown very fast in the last
The SAC- five years with its share capital increasing
CO’s member- from Kshs25 million in 2005 to about Kshs45
ship is open to million as at April 2010.
all members of The SACCO’s membership is open to all
Susan Kibe presenting a gift to Mr and Mrs Ahluwalia
staff. members of staff.

By Nick Walubengo

SU Digest | May - June 2010 pg 8


SU students dominate Kiswa-
hili Wikipedia Challenge

News
Some of the education officials who attended the seminar

IHEDS holds
seminars for From left: Abbas Mahmoud, HP Pavilion winner; Patrick Kinyua, Google gear winner; Kimani

school heads Kihiu, Compaq netbook winner; Alex Wafula, Google gear winner; Erik Njenga, Samsung
mobile winner; and Mark Ekisa, Samsung mobile winner.

Abbas Mahmoud, an ACCA Agriculture and Technology, Nai-


Government education officers from Professional Level student was robi, and Dar es Salaam, among
Nairobi Province attended a manage- one of the four grand prize win- others.
ment seminar in the University from ners in the Kiswahili Wikipedia All participants attended a
26th to 30th April. The session dubbed Challenge sponsored by Google. videoconference at the Google
“Art of Leadership and Management” The challenge was a competition Kenya office on 11th March where
was organized by the IHEDs (Institute of that required candidates to either they shared experiences with of-
Humanities Education and Development create new Wikipedia articles ficials from Google and Wikipedia
Studies) Centre of Education (CoE). in Kiswahili or translate existing offices in Boston and San Fran-
Participants were drawn from the English articles to Kiswahili. cisco. Among the officials were:
Ministry of Education’s head office, the Abbas was among the four Christine Moon, Google’s Senior
provincial and district education offices, grand prize winners and was Manager for International Engi-
the City Director of Education’s office awarded an HP Pavilion laptop neering Operations Erik Moeller,
and TSC (Teachers Service Commission) worth $1,066 (about Kshs80,000) Deputy Director, Wikimedia Foun-
headquarters. They discussed the basic as well as a Zain internet mo- dation; Frank Schulenburg, Head
facilities that are essential to making a dem. There were six Strathmore of Public Outreach, Wikimedia
conducive learning school environment. students among the 21 listed win- Foundation; and Naoko Komura,
Most schools around the city, both ners, the highest number of win- Head of User Experience, Wikime-
primary and secondary have poor ners from a single university. See: dia Foundation.
facilities especially toilets. The officials http://www.google.com/events/ “I believe you have demonstrat-
said that adopting a business model in kiswahili-wiki/ ed leadership and I would defi-
the running of schools means to regard The winners were presented nitely want to reach out to you
the pupils as clients, thus improving the with their prizes on Thursday, for opportunities to stay involved
management of schools because client 11th March. BBIT student Daniel with Google. We are very thrilled
satisfaction will be their main driver. Kimani was among the six first to hear that many participants
Mr Patrick Kibui, the Director of CoE runners up and got a Compaq would like to continue to contrib-
facilitated most of the sessions through- netbook worth $336 (about ute articles and content to benefit
out the week. He emphasized the Kshs25,200) as well as a Zain the online community. As Kiswahili
importance of work ethics in a school internet modem. Wikipedia continues to grow and
because young people learn more from Mark Ekisa and Erik Njenga is referenced by more and more
what adults do than from what they say. were among the eight second users, all of you who participated
The seminar was part of IHEDS educa- runners up, and got a Samsung in this Challenge can be proud
tion managers training programme that mobile phone worth $120 (about about the critical role you have
went on throughout the month of April Kshs9,000). Alex Wafula and Pat- played in building up this rich
for school heads and other levels of rick Kinyua were among the three resource,” Moon said.
management. Previous seminars in the third runners up who won wear- Denis Gikunda, Google Africa’s
month were attended by school heads able Google gear, of approximated localization manager congratu-
from Kakamega and Meru regions. cost $30 (about Kshs2,250). lated the participants for their
The competition opened on contributions in the challenge and
25th November 2009 and closed said this is just the beginning.
By Nick Walubengo on 29th January 2010. Participat-
ing universities included: Strath-
more, Kenyatta, Jomo Kenyatta of

pg 9 SU Digest | May - June 2010


Students teaching
News

English to refugees
in Eastleigh
Stella Ndirangu teaching English to refugees in Eastleigh, Nairobi

Since February this year, Strath- “Here in Kenya if you don’t speak by washing clothes for a neighbour.
more students have been teach- Kiswahili or English it’s hard to shop, “Even coming to and from these
ing English to refugees in Nairobi’s seek health care or travel,” he added. classes you can be stopped by the
Eastleigh area in a project of col- Abshir Hassan Ali, who has been an police wanting to find out whether
laboration between IRC (International Eastleigh resident for 20 years, said: you are in the country legally or
Rescue Committee) and NGO, and “Being a refugee with no knowledge not; sometimes it is easier to move
the University’s Community Outreach of [local] languages is like being among schoolchildren,” she said,
Program (COP). blind… When someone gets sick and referring to her small stature. “It helps
Many Somalis and Ethiopians living is hospitalized he always needs help that I speak Swahili.”
in Nairobi’s Eastleigh District, often from someone who knows the lan- Ahmed is a member of a youth
after fleeing violence or persecution, guage… and many fear they will be self-help group - one of three being
do not speak English or Kiswahili, detained if they go to a hospital.” assisted with language classes sup-
which makes everyday life an uphill Sabria Ahmed, who fled Ethiopia in ported by IRC.
struggle. 2006 at the age of 17, losing contact See: http://www.irinnews.org/re-
“Language barriers are our main with her family in the process, is port.aspx?ReportID=88888
concern. For example, one night I was taking English lessons in Eastleigh. “I
caught by a policeman but I couldn’t decided to enroll because I want to By IRIN News
understand a word he was saying,” further my education. I hope eventu-
said Mohammed Ibrahim, a Somali ally to complete my secondary stud-
refugee. ies.” She currently makes ends meet

Strathmore Business Club (SBC) contribute as students and young


When Univer- hosted students from Dar-es-Salaam
University Business School (UDBS) on
leaders towards the integration of
East Africa.
sity of Dar Monday, 12th April. The visit was part
of UDBS’s accounting and finance They also shared views on con-

students visited students’ tour of business schools in


the region.
temporary issues in the financial
sector both nationally and interna-
tionally. The visitors had a tour of
The visit was organized by Dar-es- Strathmore’s geographically small
Salaam University Finance and Ac- facility. The Business School caught
counting Association (DUFA) as part their attention and in their flawless
of its efforts to live its goal of enrich- Kiswahili said they hoped to do their
ing its members with a deeper un- MBA here.
derstanding of the finance field using
real life examples from outside their “I did not know that we had such
country and a broader understanding facilities in Africa, leave alone East
of the East Africa community. Africa. I would love to learn in such
surroundings,” said Gerald Nyiti, a
The visitors exchanged ideas and member of DUFA. Having been told
views on a host of academic and SBS was building a better facil-
social matters in an interactive ses- ity, Gerald joked saying he did not
sion. These included what they can understand what better meant in that

SU Digest | May - June 2010 pg 10


I asked the
Pope to pray
for Kenya -
Marie-Anne

News
Pope Benedict receives a
bracelet from Marie-Anne

Marie-Anne Danataya Laurence, a I didn’t think it would be close range, offered it to the Pope. The Pope in
Bachelor of Commerce student had forget shaking hands with him,” she turn gave her a rosary which she says
the privilege of shaking hands with said. is making rounds among her family
Pope Benedict XVI during his audience In her short audience with the Holy and friends.
on 31st March at St Peter’s Square. Father, Marie-Anne told him that Ke-
Marie-Anne was in Rome for the UNIV nya loves him. She asked him to pray
Congress. for the country’s constitutional review
“I was chosen from a group of process since the issue of abortion
students to be the one to go up and was on the cards. And he said he
greet the Pope. The experience was a would!
mixture of emotions. It was great, fan- All she had when she was going to
tastic, exciting, and nervy all at once,” meet the Holy Father was a bunch of
she related. rosaries which she was to ask him to
Had she even dreamed of meeting bless. But she thought she ought to
the Pope when she set out to Rome? give him something. She remembered
No. “I knew I would see the Pope but she had a bracelet and she graciously

phrase.

DUFA members also had an opportunity to at-


tend Cost Accounting and Financial Accounting
classes in the University’s CPA program. The visi-
tors then had lunch with their hosts.

Chris Simiyu, the Chairman of SBC said Strath-


more students should also visit Tanzania and
the rest of the region. This, he said, would help
promote relationships and networking among
student organizations in different universities in
East Africa.

By Nick Walubengo

Chris Simiyu (right), the Chairman of SBC presents a


clock to Kenneth Nduluke, the Chairman of DUFA

pg 11 SU Digest | May - June 2010


Sammy encourages people to remain on course

Accounting and not to be swayed by enticing variables that


will come along their path – the attractive flowers
and shades along the way. He gives the example of
student strong winds and a rock. The wind is strong but it
can barely move a rock.

authors
‘Destiny’ is written in a unique style that uses both
News

poetry and prose. The author also used a number of


Sammy Aloyo quotes from world leaders and inspirational speakers.
motivational book Sammy, who is a CPA student and also member of
the University basketball team, was inspired to write
the book out of the motivational text messages and
emails he used to send to his friends. “I kept a diary
Have you ever pondered what your destiny is? of all encouraging messages I send to my friends and
Have you defined your path toward your destiny? one day, a friend came across the diary and told me
‘Destiny’ is the title of a new inspirational book that to make them more accessible by publishing it,” he
tries to define and give guidelines to one’s day-to- said.
day life. This insightful book has been authored by Sammy writes under the pseudonym Des-Bros
Sammy Aloyo, a CPA section IV student in the School derived from Destiny Brothers. He uses the pseud-
of Accountancy. onym because he would like the credit of the book
In his book, Sammy looks at the factors that line attributed to people who have helped him.
the path towards successful living and points out “I would like to change people’s perceptions of life
dangerous situations one is bound to come across for the positive through my writing,” he said adding
when walking and working towards their destinies. that he is working on a novel based on a true story
‘Destiny’ points out that success does not come about a friend of his.
to people who desire more ease and comfort, but to ‘Destiny’ is available in bookstores for Kshs300.
those who do not avoid hard work. This is an encour-
aging part that everyone would relate with because By Nick Walubengo
in our day to day lives, we face difficult moments but
we get through because we were relentless.

The University, on Monday 12th April, ar-


ranged with Rift Valley Railways to have
provide transport to bring evening course stu-
SU begins train
dents to the University. This much faster than
the buses. The programme involves the exclu-
sive use of some wagons for the University.
transport for evening
According to Mr Godfrey Madigu, the Direc-
tor of the School of Accountancy (SOA), there students
was an urgent need to make it easier for
students to get to the university in the short- Inside the dedicated wagons
est time possible so as to be on time for the
evening classes. “Many evening students are
held up in traffic for over half an hour and get
to class tired and late.”
It takes six minutes to travel from the Cen-
tral Railway Station to the Madaraka stop and
with this new service; the students can save
on travel time and also travel in a relaxed
mood as the University has secured exclusive
wagons for its students.
Students wishing to take the train will
have to show their student IDs at the rail-
way station where they will be guided to the
dedicated wagons on Platform2. The train is
scheduled to leave the station at 5:40 pm.

SU Digest | May - June 2010 pg 12


increasing demand for
Golf SBS leadership and
management pro-
tournament grammes.
Ambassador S. N.
SBS uses technology to putts in KShs Karanja emerged the
7.5 million overall winner at the

beat Iceland’s volcano tournament and even


recorded a hole-in-one
on the fifth hole. He
Overcast skies and

SBS
narrowly missed the
intermittent showers
prize of an ISUZU pickup
threatened to mar the
Prof Pont (on the donated by General
screen) talking to Strathmore Business
Motors pegged on the
TED seminar par- School (SBS) Golf tour-
ticipants in SBS live
score of a hole-in-one
nament but could not
from Barcelona on hole no. 13.
keep the players away.
Customarily, players
The fundraising tour-
lucky enough to score a
nament held on Friday,
hole-in-one buy a round
16th April at Muthaiga
of drinks for other play-
Golf Club raised Kshs7.5
ers at the club. Since
million.
SBS was already cater-
Many of the players
ing for the drinks, the
were Strathmore alumni,
handicap nine player
while others were spon-
agreed to donate KShs
sored by their organisa-
10,000 to the Muthaiga
tions to participate in
Junior Championships
the event. Participants
Prof Carlos García Pont’s 18th April. Then Prof Pont Competition.
paid Kshs 50,000 to
departure flight to Ke- realized he would not be During the dinner
play. The Minister for
nya from Barcelona was able to travel to Nairobi. hosted by SBS after
Information and Com-
scheduled for Saturday, That, however, did not pre- the tournament, Coca
munication, Samuel
17th April in the evening. vent TED Participants from Cola’s Country Manager
Poghisio was present,
An expert in international learning from his valuable for Kenya, Mr Peter
while SBS was repre-
and strategic management experience. The 46 partici- Njonjo presented a
sented by Paul Ouma,
and a member of Faculty pants, drawn from Kenya, cheque for KShs half a
the Senior Manager of
at the IESE Business School Rwanda, Sudan and Uganda million while Mr. Michael
Executive Education.
(Barcelona), he was to were able to interact with Macharia, CEO of Seven
Dubbed ‘Great
travel to Nairobi to address the Prof Pont in Spain Seas gave a cheque of
Africans transforming
participants of the Execu- through a video conference Kshs 200,000. Kenya
Africa’ the fundraising is
tive Director (TED) seminar. organised by Strathmore Wine Agencies Lim-
targeting the business
He was preparing for his Business School (SBS). ited and East African
community to invest in
session when news reached The TED seminar for Breweries donated the
quality post-graduate
him that the erupting board members of organisa- gift items for the prize
education on the conti-
volcano, Mt. Eyjafjallajökul, tions tackles issues related winners.
nent by helping SBS put
in Iceland was spewing ash to company board structure Mr Zeph Mbugua,
up its 800 seat facility.
into the atmosphere. The and accountability. The role Chairman of the
This could stem the tide
11 km ash plume settled of the board of directors in ‘Friends of Strathmore
of Africans traveling
into a cloud and began to the governance of financial fundraising’ committee
overseas for their stud-
wing its way across Europe. institutions has come under thanked the players on
ies, provide a solution to
This in turn raised fears for close scrutiny especially behalf of the organis-
the leadership vacuum
passenger safety due to the during the current global ing committee and said
in the country and train
possibility of glass, sand, financial crisis that was that the fundraising
future business leaders.
and rock particles clogging triggered by collapsing real team has applied for a
The facility will cost
up aircraft engines. The Eu- estate bubbles worldwide. tax waiver on donations
Kshs 265 million and
ropean Union slapped an air Good governance is becom- towards the project.
intends to meet the
travel ban in countries with ing increasingly important
high concentrations of ash. since directors bear the
Airports began to close brunt of any unsound finan- The Minister for
down in succession. Swit- cial decisions. Information and
zerland’s Zurich Airport, The next TED conference Communication
a stop-over point in Prof will be held in Kampala, Hon Samuel
Poghisio tees off at
Pont’s itinerary shut down Uganda from 26th to 28th the golf tournament
on the afternoon of Friday, July 2010.
16th April. Attempts to
re-route proved impossible
when Barcelona’s airport
followed suit on Sunday,

pg 13 SU Digest | May - June 2010


The book titled ‘High Quality late 1990s, and the audited
A review of Dr Financial Reporting: The Case
of the Nairobi Stock Exchange’
financial statements did not
provide early warning signals,

James McFie’s is nothing more, and nothing


less, than Dr McFie’s thesis for
has raised concerns among the
general public about the quality
his doctorate at the University of accounting and auditing in
recently pub- of Strathclyde. In late 2009,
LAP LAMBERT Academic Pub-
the country”.
In concluding its remarks on

lished book
News

lishing AG & Co. KG, a German the quality of financial report-


academic publishing firm, ap- ing by a sample of companies
proached Dr McFie after having quoted on the Nairobi Stock
examined a number of theses Exchange (NSE) with financial
at the University of Strathclyde year-ends in the year to 31
in Glasgow, Scotland. March 2000, the World Bank
The firm was of the opinion stated that “financial account-
that the study should be made ing practices are perceived to
available to a wider public and have improved significantly
asked Dr McFie if he would al- since the Institute of Certified
low them to publish the thesis. Public Accountants’ decision
He agreed. The result is the to implement international
book. standards in accounting and
The Review auditing”.
In late 1998, the International However, it went on to point
Monetary Fund (IMF) and the out that although compliance
International Bank for Recon- with the requirements of IFRSs
struction and Development and International Standards on
(IBRD), or the World Bank, Auditing (ISAs) was only partial
initiated ‘Reviews of the Obser- - due to inadequate enforce-
vance of Standards and Codes’ ment and insufficient resources
(ROSCs) in member countries. - an action plan would bring
In February 2001, a team about an improvement in com-
from the World Bank visited pliance within a period of three
Kenya to carry out an ROSC to five years. Also the assess-
in the country because “it is a ment exercise had assisted in
major economy in the East and identifying changes in Kenya’s
Central African region and be- institutional framework that
cause its success in improving were required “to ensure high-
Cover of Dr James McFie’s
economic performance is likely quality financial reporting by
book to have a significant demon- the corporate sector”.
stration effect on the region’s The book is highly techni-
economic development”. cal but readable. It presents a
Kenya was also chosen cross-sectional view of financial
because it was one of the first reporting disclosure of NSE
countries in Africa to formally companies for years ending
adopt International Account- between June 2002 and March
ing Standards (IASs) or Inter- 2003. Future generations will
national Financial Reporting be able to refer to the book
Standards (IFRSs), as they are to give them an overview of
now called. disclosure by NSE companies in
Reporting on its findings, the this period.
World Bank pointed out that Having been printed in
“weaknesses in corporate gov- Germany, it is pricey – it costs
ernance practices, lack of pres- seventy nine Euros. Those in-
sure from the users of financial terested can wait until a library
The book is highly technical but
statements for high-quality buys it so that they can read
readable. It presents a cross- information and the general it without a hole appearing in
sectional view of financial re- absence of transparency in the their purses.
porting disclosure of NSE com- corporate sector, pervade the
panies for years ending between corporate financial reporting
June 2002 and March 2003 regime in Kenya. The fact that
a number of banks failed in the

SU Digest | May - June 2010 pg 14


Leos runners
up in global
university

Sports
sevens rugby
Members of the rugby 7s team and
officials when they arrived from France

Leos, the University rugby team shine and not as windy as expected”, English, Romanian and Kenyan
and Kenya’s rugby 7s and 10s cham- said Leos coach Mitch Ocholla after crowds. They threw all they had
pions represented the country at the the first day of play. at the Japanese side but lost the
French Riviera Rugby Sevens held On Sunday, 11th April, the games tightly contested final 19-17 to be
from the 9th to 12th of April in Nice, kicked of at 10.00 am. Leos first the Globe’s second best in University
France. The tournament brought game of the day was against Lahore rugby sevens in 2010.
together University rugby champions and started at 11.15 am. In the 14 Maurice Mbai, Seth Machuki and
from all over the world. minute duration of the game, Mau- Michael Wanjala each touched down
Leos Michael Wanjala received the rice Mbai touched down four times, once in the final game. “The boys
top scorer’s award for the eight tries Anthony Nyandigisi thrice, Michael were gallant and brave, I am proud of
he made in 70 minutes of play. And Wanjala twice, Seth Machuki once them in spite of the result. We have
Leos emerged runners up after losing and Ken Andola. The final score was: learnt a lot from the tournament and
17-19 to Japan’s Waseda University 68-0. we hope to be back and triumph”
in the finals. Leos sterling performance saw said the Leos coach.
them in the semis where they Talking to the team after the medal
Leos faced INP Lausanne from played University of Toulouse. With a ceremony, Mr Isaac Mwangi, the
Switzerland, EM Lyon from France, number of their players in the France Sports Officer, congratulated the
Aston University from England, and under-21 rugby team, Toulouse team praising their focus and deter-
Lahore University from Pakistan at came into the game with a lot of mination throughout the games.
the group stage. In their first game confidence and scored first to put “Well done Leos, you gave all you
against INP Lausanne, Leos played the game at 5-0. They scored again had. We are proud of you. You have
their usual first paced game, and it shortly and Leos trailed 10-0. put your University in the global
took Seth Machuki two minutes to At the stroke of half time, Leos university rugby sevens map, but
score Leos first try in Europe and put Peter Kepha touched down and con- the Leos target still remains- to be
the score at 5-0. verted the try for the game to break the very best in Rugby,” said Mr
Leos never looked back and saw at 7-10. In the second half, Leos Paul Ochieng the University Dean of
off their opponents 38-0 thanks to roared and in a span of three min- Students who had also accompanied
points from Maurice Mbai, Ken An- utes they scored two tries thanks to the team to France.
dola, Peter Kepha and Michael Wan- Maurice Mbai and Michael Wanjala France Deloitte was the title spon-
jala who scored twice. Leos beat EM for the game to end at 17-10. Leos sor of the tournament. The team’s
Lyon 55-0 in their second game. The thus qualified for their first global participation would not have been
scorers were Michael Wanjala, Felix finals at first attempt. possible without support from the
Ayange, Davis Nyarige, Ken Andola, The Sunday 5.00 pm final was French Embassy in Nairobi, the
Anthony Abala and Peter Kepha. played at 8 degrees centigrade and Kenyan Embassy in France, the
Leos closed the first day on a high pitted Leos against Waseda Univer- Kenya Rugby Football Union and the
beating Aston University 27-5 with sity from Japan. Both teams had University. Leos are grateful for their
tries coming from Oscar Otindo, exhibited excellent rugby throughout support.
Michael Wanjala and two from Peter the weekend and the game was too
Kepha. “I was happy with the team. tight to predict.
They played well and am happy the Leos played their hearts out and
weather was good with plenty of sun were cheered by the Pakistani,

pg 15 SU Digest | May - June 2010


Music
Lecturer
launches
music CD

Ms Susan Kibe

Susan Kibe, a lecturer in the School of Accoun- Miss Kibe has been doing music since her high
tancy is a recording artiste. She has been record- school days at Moi Girls Nairobi and Huruma Girls
ing with a family trio that includes her father where she sung in the school choir. She also sings
Major (Rtd) David Kibe, a former member of the at the PCEA Kayole Church.
legendary Kenya armed forces band Maroon Her interest in music developed in her child-
Commandos and her sister Eva. hood. She idolized her father’s singing and the
Susan’s family band has just completed work on collection he listened to inspired her a great deal.
a gospel album. It was officially launched Saturday “I have always wanted to do music as I grew up
of 24th April at the Sports View Hotel at Kasa- with my father’s nurturing and inspiration,” she
rani. The album ‘Nibebee mizigo mizito’ (Carry my said. “I listened to Makeba, Michael Jackson and
heavy loads) is the trio’s first album with most of other great artistes whose albums my dad kept,
the songs composed by Major Kibe also featuring so I would say I learnt from the best.”
a number of re-styled Kiswahili hymns. Miss Kibe says she loves singing as it is a God
Major Kibe was behind Maroon Commandos hit given gift to be used for His glory. She urges
‘Usiniambie unaenda’ (Don’t tell me you are leav- everybody, especially young people, to use their
ing). Maroon Commandos also did Habel Kifoto’s talent in arts and sports productively. However,
ageless Taita language hit ‘Charonyi ni Wasi’. she is not looking at music as an all time career
‘Nibebee mizigo mizito’, the album title track as she intends to focus on doing further studies.
and the seventh number on the album is an
awesome blend of vocals done by the group. The
instruments are arranged in the benga and rumba
flavor.
‘Nimulikie mwangaza’ (Shine my light), the
ninth track, is also a great piece of art, as well
as the other songs on the album. The album also
has compositions by Ann Muchira a friend of the
Kibe’s.

SU Digest | May - June 2010