Kenya Risk Summit 2026
Risks abound: is Kenya [becoming more] resilient?”
Moody's Ratings and GCR Ratings are back in Nairobi for the Kenya Risk Summit 2026. Join us as we explore a fundamental question shaping the financial landscape: Risks abound — is Kenya becoming more resilient?
Agenda
Registration
Welcome remarks
Refreshment Break
Are Kenya’s banks becoming more resilient? Capital, profitability and asset quality under scrutiny
- Kenya's banking sector is entering a new phase shaped by consolidation, capital strengthening and growing regional ambitions.
- As customer needs, technology and competition continue to evolve, how are banks positioning themselves for sustainable profitability and growth?
- Asset quality has improved, but what will determine the next phase of credit performance and resilience?
Pricing Risk in a New Era: IFRS 17, Capital and the Future of Insurance in Kenya.
- Kenya's insurance sector evolution amid regulatory change, growing competition, and elevated pricing risks.
- With IFRS 17, risk-based solvency and other regulatory reforms taking hold, the focus on profitability, capital and sustainable growth is increasing.
- Low insurance penetration, emerging distribution models, and digital innovation illustrate both challenges and opportunities.
Closing Remarks
Lunch
Networking Drinks
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David was appointed to the Board on 5th March 2026. He is the Chairperson of the President's Council of Economic Advisers, serving as the principal economic policy advisor to the president and leading the team responsible for implementing the country's economic transformation agenda. With over 30 years of experience, David is recognized as an accomplished economist, author, and strategist. He holds advanced degrees from the University of Oxford and the University of Nairobi and is a Rhodes Scholar and Eisenhower Fellow.
David has played significant roles in national economic policy, including leading the Economic Recovery Strategy for Kenya's NARC administration and advising on the country's constitutional review process. He has also served as an advisor to the President of Rwanda, consulted for international finance institutions, and held key positions such as Chief Economist at Equity Bank and economist at the World Bank. He is also known for founding the Institute of Economic Affairs (Kenya) and Africa Economics.
Christian Fang is a Vice President within the Sovereign and Sub-Sovereign Risk Group at Moody’s Ratings.
Based in Dubai, Christian serves as lead analyst for a portfolio of sovereigns in the Middle East, Africa and South Asia, including Jordan, Kuwait, Rwanda, Saudi Arabia and Sri Lanka.
He is also lead analyst for the Gulf Investment Corporation and the Islamic Corporation for the Development of the Private Sector, multilateral development banks serving the interests of the Gulf Cooperation Council and the Organization of Islamic Cooperation, respectively.
Christian was formerly based in Singapore covering a portfolio of predominantly Asia Pacific and Eurasian sovereigns and sub-sovereigns.
Prior to joining Moody’s, Christian was a Lead Portfolio Manager for the Monetary Authority of Singapore, where he was responsible for the investment of Singapore’s foreign reserves in European fixed income, global investment-grade credit, and global developed equity markets.
His time with the central bank included a two-and-a-half-year stint in London as its sole in-house investment representative. He also worked in monetary policy operations and macroprudential policy research, and was involved in the negotiation of Singapore’s renminbi swap line with China, as well as banking systemwide stress tests.
Christian holds an honors bachelor’s degree in Economics from the University of Chicago and a master’s degree in Finance from Princeton University.
Christos joined Moody’s banking team in Cyprus in April 2007, after previous experience in asset and portfolio management. Christos is a CFA charter holder and holds a master’s degree in International Securities, Investment and Banking(Distinction) and a bachelor’s degree in Management (1st Class Honours).Over the years Christos has led the assignment of a high number of new Moody’s ratings in Sub-Saharan Africa, including in South Africa, Mauritius, Kenya, Tanzania, the DRC, and Angola. He also has extensive experience in covering a number of countries across the Middle East and Eastern Europe. Christos has been a key speaker at Moody’s and third party events, discussing Moody’s banking system outlooks and views on financial inclusion, innovation and technology. He has also conducted high-profile broadcasts and other media interviews. Christos is now the lead banking analyst for Cyprus, Jordan, Kenya, Ghana, Mauritius and for a portfolio of financial institutions in Saudi Arabia. He is a frequent author of topical research on these banking systems and also has covered topics on financial inclusion, innovation and technology.
Corné Els started his Debt Capital Markets career at Eskom Finance Company (SOC) Ltd as a Securitisation Officer. During his tenure he managed the Nqaba Finance 1 (RF) Ltd RMBS Securitisation vehicle from June 2006 to May 2013. He was responsible for the day-to-day management, servicing reporting, accounting, analysis and investor liaisons for the vehicle. Nqaba Finance 1 won the EMEA Finance ‘Best securitisation vehicle of the year’ (February 2012) and The Banker ‘Deals of the Year 2014 – Africa’ (April 2014) for the May 2013 refinance.
In June 2013 he started at Global Credit Ratings as a Structured Finance Analyst responsible for reviewing several structured finance transactions across multiple asset classes in South Africa, Kenya, Ghana and Uganda. In March 2021 he transitioned to the Financial Institutions team as a Senior Analyst and was subsequently promoted to the Sector Head of Financial Institutions in 2023.
As Sector Head, Corné is responsible for overseeing the analytical work of a team of eight analysts located in South Africa, Zimbabwe, Mauritius and Kenya who between them process more than 115 ratings per year.
Ivy Musa is a seasoned insurance and credit risk professional with over a decade of experience in the financial services sector, currently serving as a Senior Analyst - Insurance at GCR Ratings. She specialises in analysing and rating the creditworthiness, capital adequacy, regulatory environments, and market dynamics of insurance companies, with a strong focus on African insurance and reinsurance companies.
In her current role, Ivy leads credit assessments for insurers and reinsurers, sits in rating committees, and engages closely with regulators and other key market participants. She contributes to sectoral research and risk assessments across African markets, providing clear, data-driven insights that support investor confidence and regulatory oversight. Her work also involves peer benchmarking, market surveillance, and ensuring analytical consistency in line with international credit rating standards.
Before joining GCR Ratings, Ivy spent a decade in the insurance industry, gaining hands-on experience in customer service, underwriting, and actuarial functions. She spent eight years as an actuarial analyst at Jubilee Health Insurance, Kenya, focusing on pricing, product performance, and portfolio monitoring, which provided a strong technical foundation for her analytical career.
Ivy holds a Bachelor’s degree in Actuarial Science from Jomo Kenyatta University of Agriculture and Technology (JKUAT). She has also completed specialised training in Data Analytics with ALX Africa, and the Young Insurance Professionals Programme offered by the London School of Insurance in collaboration with Africa Re, enhancing her expertise in data-driven decision-making and insurance market dynamics.
Based in GCR Rating’s Nairobi office, Ivy is passionate about advancing analytical excellence in credit ratings and supporting the growth and resilience of insurance markets across Africa. She participates in engagements with regulators and industry stakeholders to promote transparency and best practices.
Godfrey Chingono is an accomplished credit and investment professional with extensive experience spanning South Africa, Australia, and Zimbabwe. He currently serves as Sector Head: Insurance Ratings at GCR Ratings, where he provides analytical oversight across more than 25 countries.
With over eight years at GCR Ratings, Godfrey has developed deep expertise in credit rating methodologies, progressing from a Credit Analyst to his current leadership role. His strong analytical foundation is complemented by prior experience as a Research Analyst on both the buy and sell sides, where he played a key role in advancing strategic asset allocation through rigorous, insight-driven research. He also gained valuable exposure within the Australian banking sector as a Credit Analyst, further broadening his expertise in financial risk assessment.
Godfrey is passionate about leveraging innovative financial solutions to create meaningful societal impact. He is an active advocate of Environmental, Social, and Governance (ESG) principles, an interest shaped by his MBA research on the nexus between corporate governance and firm performance.
Christos joined Moody’s banking team in Cyprus in April 2007, after previous experience in asset and portfolio management. Christos is a CFA charter holder and holds a master’s degree in International Securities, Investment and Banking(Distinction) and a bachelor’s degree in Management (1st Class Honours).Over the years Christos has led the assignment of a high number of new Moody’s ratings in Sub-Saharan Africa, including in South Africa, Mauritius, Kenya, Tanzania, the DRC, and Angola. He also has extensive experience in covering a number of countries across the Middle East and Eastern Europe. Christos has been a key speaker at Moody’s and third party events, discussing Moody’s banking system outlooks and views on financial inclusion, innovation and technology. He has also conducted high-profile broadcasts and other media interviews. Christos is now the lead banking analyst for Cyprus, Jordan, Kenya, Ghana, Mauritius and for a portfolio of financial institutions in Saudi Arabia. He is a frequent author of topical research on these banking systems and also has covered topics on financial inclusion, innovation and technology.
Kevin is a strategic business leader operating at the intersection of Strategy, Finance and Business Transformation, with over 20 years of experience across insurance and financial services in Kenya, Uganda, Tanzania and Rwanda. He oversees a USD 1.7 billion (KES 215 billion) AAA-rated balance sheet, one of the largest insurance portfolios in Eastern and Central Africa.
Kevin has built a career on translating strategy into execution at scale, leading group-wide financial oversight, corporate strategy, capital management & allocation and multi-country performance management, while working closely with Boards, regulators and international investors, including global private equity and Prudential Financial Inc.
He is recognized for delivering complex transformation in highly regulated environments. Kevin led the implementation of the complex IFRS 17 for a large insurance group within strict regulatory timelines, positioning the organization ahead of comparable institutions in the region, and driving enterprise-wide initiatives, including ERP implementation, group restructuring and business process reengineering to enhance efficiency and customer experience.
He brings a strong foundation in corporate governance, business advisory and risk management, shaped through leadership roles in internal audit and financial advisory. His earlier experience includes leading financial and operational audits, M&A due diligence and regulatory reviews across East Africa, contributing to strong internal control environments, successful transactions and regional expansion initiatives.
Beyond his corporate responsibilities, Kevin is an active contributor to the financial services ecosystem. He has played a key role in industry CFO forums, contributing to policy outcomes such as the removal of VAT on insurance brokerage and participating in discussions to advance long-term capital market solutions. His leadership has also contributed to award-winning financial reporting and ESG excellence, recognized at the ICPAK FiRe Awards in 2022 and 2023 and the Kenya ESG Awards in 2025.
Kevin is known for combining corporate strategic clarity with financial discipline and for building alignment across complex stakeholder environments to deliver sustainable performance and long-term value.
Ezekiel Macharia is a Fellow of the Institute and Faculty of Actuaries (UK) and a Fellow of the Actuarial Society of Kenya. He holds a Bachelor’s degree in Actuarial Science from the University of Nairobi.
Ezekiel joined the financial services provider, Kenbright Holdings Limited, in the year 2016 as Group CEO and Chief Actuary in charge of its subsidiaries in Kenya, Uganda, Tanzania.
Kenbright is a leading financial services firm in East Africa dealing in reinsurance, employee benefits, a leader in actuarial advisory to insurance companies while supporting pension schemes on investment policy statements, administration and post-retirement benefits establishment.
Kenbright has set itself apart as an Insurtech leader in Kenya for digital insurance solutions where it launched the award wining insurance aggregators for health and car insurance.
In his professional career, Ezekiel has over fifteen years’ experience in the East African market.
Ezekiel is passionate about development of insurance and currently supports a significant number of private & public insurers as the statutory Appointed Actuary within Africa.
Henry MacNevin, who is based in London, is currently an Executive Director - Ratings, Financial Institutions Group responsible for bank ratings in the Middle-East, South-Eastern Europe and Turkey, and is also responsible for Moody’s global Islamic Finance initiatives. Mr MacNevin joined Moody’s London-based banking team in October 1996, initially as lead analyst for bank in Italy, the United Kingdom, the Nordic region, Belgium, Luxembourg and Hungary, and has also worked as a backup analyst for other banking systems, principally in Europe. He was also previously responsible Associate Managing Director for Moody’s bank ratings in Italy and the CEE region and was the Country Manager for Moody’s in Italy for several years.
Mr. MacNevin’s previous banking experience includes seven years with the Barclaysgroup, where he held positions in strategic planning, corporate banking, and credit risk management.Mr. MacNevin earned a B.A. (Hons) in Business Studies from PortsmouthPolytechnic in the United Kingdom
Christos joined Moody’s banking team in Cyprus in April 2007, after previous experience in asset and portfolio management. Christos is a CFA charter holder and holds a master’s degree in International Securities, Investment and Banking(Distinction) and a bachelor’s degree in Management (1st Class Honours).Over the years Christos has led the assignment of a high number of new Moody’s ratings in Sub-Saharan Africa, including in South Africa, Mauritius, Kenya, Tanzania, the DRC, and Angola. He also has extensive experience in covering a number of countries across the Middle East and Eastern Europe. Christos has been a key speaker at Moody’s and third party events, discussing Moody’s banking system outlooks and views on financial inclusion, innovation and technology. He has also conducted high-profile broadcasts and other media interviews. Christos is now the lead banking analyst for Cyprus, Jordan, Kenya, Ghana, Mauritius and for a portfolio of financial institutions in Saudi Arabia. He is a frequent author of topical research on these banking systems and also has covered topics on financial inclusion, innovation and technology.
Christian Fang is a Vice President within the Sovereign and Sub-Sovereign Risk Group at Moody’s Ratings.
Based in Dubai, Christian serves as lead analyst for a portfolio of sovereigns in the Middle East, Africa and South Asia, including Jordan, Kuwait, Rwanda, Saudi Arabia and Sri Lanka.
He is also lead analyst for the Gulf Investment Corporation and the Islamic Corporation for the Development of the Private Sector, multilateral development banks serving the interests of the Gulf Cooperation Council and the Organization of Islamic Cooperation, respectively.
Christian was formerly based in Singapore covering a portfolio of predominantly Asia Pacific and Eurasian sovereigns and sub-sovereigns.
Prior to joining Moody’s, Christian was a Lead Portfolio Manager for the Monetary Authority of Singapore, where he was responsible for the investment of Singapore’s foreign reserves in European fixed income, global investment-grade credit, and global developed equity markets.
His time with the central bank included a two-and-a-half-year stint in London as its sole in-house investment representative. He also worked in monetary policy operations and macroprudential policy research, and was involved in the negotiation of Singapore’s renminbi swap line with China, as well as banking systemwide stress tests.
Christian holds an honors bachelor’s degree in Economics from the University of Chicago and a master’s degree in Finance from Princeton University.