Monday, 24th October 2016
For Kenya's democracy to flourish, we have to end the Kenyatta economic vampire machine.

According to a Forbes magazine wealth report that was released in 2013, the Kenyatta family is worth about 400 million dollars. If we add illicit hidden money flows plus corruption money, this wealth could easily topple one billion dollars. In other words, President Kenyatta is richer than US President Barrack Obama, German Chancellor Angela Merkel, and British Prime Minster Teressa May all put together. You must not forget that these people run a combined economy of 17 trillion dollars, while Kenyatta runs a 100 billion dollar economy. In other words, they run an economy 170 times larger than the economy Kenyatta runs, and yet, they only have an annual income of $100,000 dollars (10 million shillings). This just confirms that Africa is not poor in anyway, it just has thieves managing its affairs. Look, I love what Kenyan pundits’ say- that President Uhuru Kenyatta cannot steal because he already has enough money. This cannot be the premise on which we judge someone’s anti corruption credentials.

The fact is that President Kenyatta has never made a genuine shilling in his life. For every shilling that his company- Brookside- makes- KCC loses a shilling. The farmer in Central, Rift Valley, and Western suffers twice as much. For every shilling that K24- and his Media Max company makes- KBC loses a shilling, and the Kenyan taxpayer loses twice as much in quality programming from the national broadcaster. KCC cannot compete precisely because Kenyatta's Brookside has to make money. For the same reason, KBC is in deep debt precisely because K24 and the Media Max stable has to make money. There are no two ways about this. For the fact is that Mr. Kenyatta sought the big house on the hill ostensibly to expand his financial empire.

President Kenyatta intends to use his billions of ill gotten money to finance his 2017 reelection campaign. Look at the people trooping over to Jubilee. All of them ‘wanakaa wameparara’. Isn’t this the same way a rich family throws food crumbs to their dog under the dining table? Mr. Kenyatta knows that these defectors are after his ill gotten money- and that’s why he uses and discards them at will. I believe that there is a place for healthy profits for someone that has risked to start a business and provide an essential product or service that a society needs. I have no problem if someone becomes a billionaire through sheer hard work, pain,and sweat. Genuine billionaires add value to society by providing jobs and taxes to the government, thus ensuring political, economic,and social stability. However, the path to become a billionaire should not be your closeness to power. It should be because of your hard work, tenacity, and innovation.

The thing is that for Kenya to be liberated, the Kenyatta family wealth has to be reduced to zero. And that is as clear as I can get. For big money and politics should not mix as one destroys the other. The Kenyatta family economic vampire machine, that is several billion dollars and growing by the second, is a true testament to this. My point is that stolen money has no place in our democracy, nor our society. It only makes us slaves. It is time to vote Kenyatta out in 2017.

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Wednesday, 24 August 2011

Bachelor of Science in Actuarial science – The course and where you can work.

The Bachelor of Science in Actuarial science is a relatively new course in Kenya, having been introduced some time around 1999 at the University of Nairobi.
Many universities are offering actuarial courses: University of Nairobi, JKUAT, Maseno, Moi, SEUCO, Mt. Kenya University, Strathmore. If we were to include the constituent colleges, they would add up to around 13.. Statistics is likely to be a major component of the course. One will be taught to calculate complex premiums such as in the insurance companies, calculate such risk events as floods, mortality etc. The insurance industry is one of the major employers of actuaries.

 After getting the degree, one will need to do the specialized actuary exams in order to become a fully qualified actuary. There have been hundreds, if not thousands of actuarial science graduates that have been trained in the past decade, but very few qualified actuaries; the ones who have done the professional exams. As of 2008, there were about eight qualified actuaries in the country. Major employers include the insurance companies, investment firms, banks where one can be employed as a risk analyst. Alexander Forbes seems to be the preferred employer that many actuaries would want to work for.

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  1. Many universities are offering actuarial courses: University of Nairobi, JKUAT, Maseno, Moi, SEUCO, Mt. Kenya University, Strathmore. If we were to include the constituent colleges, they would add up to around 13.

    Visit to learn more about the actuarial profession in Kenya

  2. Thanks for the clarification, I will take that into account and edit the article to reflect those changes. Thanks again.

  3. how many proffessional papers b4 u become a professional actuary after you have your degree? THank you

  4. Hi what was the cut-off points for acturial science in south eastern university college for students who did their Kcse in 2010?

  5. About the number of professional papers before one becomes an actuary, there are stages, much like there are stages in accuntancy exams. I suppsoe they would be more than four stages, but let me do some research, will get back to you in a short while.

    Hi! I don't have the 2010 KCSE cut off points for south eastern university college acturial science program as yet.

    However, the cut off points for the 2009 KCSE candidates was 37.0 .So, the 2010 cut off points shouls be slightly higher than that.

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  7. The cut-off points for various Universities differ.I agree for UON it's 47, but for other Universities,it goes down considerably.According to the JAB website, the 2009 Actuarial Science cut off point for South Eastern University College was 37.0

  8. What was the cut off of computer science in south eastern university college for 2010 kcse students?

  9. i completed my kcse in 2010 my cut points were 46.3 can i qualify for acturial science in UoN?

  10. where do you sit for the professional papers?

  11. do you offer distance learning for the actuarial science course?and if so,can you do credit transfer if one was previously an actuarial science student at a public university?