NSE Launches 2020 FiRe Awards for Public and Private Sector

The Nairobi Securities Exchange (NSE) on Wednesday announced the launch of the 2020 edition, of the Excellence in Financial Reporting FiRe Awards’, which are key in improving reporting and corporate governance practices in the sector.

This year’s theme is “Financial Reporting Excellence in a Disruptive Environment”.

Geoffrey Odundo, Chief Executive, NSE said, “Excellent financial reporting will be critical in supporting the country’s economic recovery strategy as well as build confidence on Kenya’s economic prospects.”

The coveted FiRe Award is in its nineteenth year since it was launched in 2002. The awards seek to promote and recognise excellence in financial reporting, sound corporate governance practices and environmental reporting for both public and private sector entities in Kenya and within the larger East African region.

“We are glad to launch the #2020FiReAwards which seek to promote strong financial systems, robust governance and high quality financial standards among private and public institutions in East Africa.” @NSE_PLC Chief Executive, @geoffrey_odundo #FinancialExcellence pic.twitter.com/30sn3f2zfN

— NSE PLC (@NSE_PLC) August 19, 2020

“We are confident that our members will continue to discharge their responsibility with vigour and commitment to ensure public finances are safeguarded by those entrusted with public resources,” said ICPAK Chief Executive Edwin Makori.

The Capital Markets Authority Acting Chief Executive, Wyckliffe Shamiah, noted that good reporting and corporate governance practices are vital to Kenya as an ideal destination of choice for investors and firms in Africa. 

The awards are being supported by the NSE, Capital Markets Authority, Institute of Certified Public Accountants of Kenya (ICPAK) and Public Sector Accounting Standards Board, Kenya’s statutory, financial and internal-audit standard-setting body for Public Sector bodies in both National and County Governments established by the PFM Act.