The Treasury's decision to convert a Sh24 billion government debt held by Kenya Airways into equity has been called into doubt by Parliament, alleging procedural problems.
The National Assembly's Public Accounts Committee (PAC) has summoned Treasury Cabinet Secretary Ukur Yatani to provide information on the debt swap agreement and how the State's stake in KQ was recorded in government accounts.
After the State and domestic lenders agreed to convert debt into equity, the Treasury acquired 19.1 per cent interest . . .
Ken is a Quantitative Trader with experience in investments, quantitative finance, financial modelling and algorithmic trading in Global Investable Markets (GIM). He enjoys using Bayesian Statistics, Time Series and Machine Learning in developing Robust consistent Alphas in Equities Market, FX, ETPs and Derivatives instruments. He enjoys deep dives in understanding High Frequency Trading infrastructures and improving how the African financial markets work. He holds a Bachelor's in Actuarial Science from Strathmore Institute of Mathematical Sciences : An Executive Program in Algorithmic Trading (EPAT) certificate in Algo Trading from QuantInsti : A current MSc student in Financial Engineering at World Quant University.