Then in November 2016, Mr Makove, the man who had been the face of Insurance Regulatory Authority (IRA) for 15 years since its formation in 2007, bowed out. The Cabinet recently approved the state-sponsored Financial Services Authority (FSA) Bill 2016 which will see four financial regulatory bodies merged. They are IRA, Capital Markets Authority (CMA), RBA and Sacco Societies Regulatory Authority (Sasra). ALSO READ: NSE wipes out Sh156.4b investors' cash despite gains in some countersIn the energy sector, ERC, Kenya Power and Kenya Electricity Generating Company (KenGen) among other bodies are also looking for new bosses. “Following the retirement of the immediate former Managing Director and CEO, the board of Kenya Power is seeking to recruit an exceptional and visionary leader.....,” Kenya Power said in an advert last week.

Source: Standard Digital April 18, 2017 05:37 UTC