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Dr. Freshia Mugo – Waweru Appointed to CMA Master Plan Implementation Committee

Dr. Freshia Mugo-Waweru, a senior lecturer at the School of Management and Commerce has been appointed to the Capital Markets Master Plan Implementation Committee (CMMPIC). The committee, drawn from financial markets professionals, is tasked with implementing the 10 year Capital Markets Master Plan (CMMP) that was officially launched by Hon. Henry Rotich the CS, The National Treasury, on November, 2014.


Dr. Mugo-Waweru has a PhD in International Finance from Sogang University in Seoul (South Korea), a Masters in Business Administration (MBA) and Bachelors of Commerce from Kenyatta University. She is also a Certified Public Accountant of Kenya (CPA-K). Among other duties, she will be bringing to the committee her expertise on security markets, particularly on derivatives markets. Dr. Waweru was also part of the Master Plan Steering Committee that successfully developed the CMA 10 year Master Plan.


She teaches undergraduate and graduate courses mainly in derivatives markets, Financial Management, International Finance and Investment Analysis and Portfolio Management. She has also written and reviewed several papers. Her main research interests are in the areas of Derivatives Markets, Stock Markets, International Finance and Financial Management.


The Capital Markets Master Plan Implementation Committee (CMMPIC) will be the anchor of the implementation process, and the success of the master plan will heavily depend on the Committee’s organization and commitment. The committee is also expected to facilitate the Kenya capital markets master plan alignment, with the establishment of Kenya as the heart of capital markets financing and investment in Africa as well as the establishment of Nairobi as an international financial centre.


The master plan is one of the Vision 2030 flagships projects under the deepening of Capital Market.  The plan envisions that by 2023, 30% of county financing will be done through the market. Currently, county governments are dependent on funds from the National Treasury and revenue collections.