Kennedy Munyua Waweru

  • Personal Info

  • Prof. Kennedy Munyua Waweru
  • Contact & Designation

  • School of Business and Economics
  • Accounting and Finance
  • Associate Professor of Finance, and; Director, Quality Assurance
  • +254 (0) 20 2430127, (0)20 2679456 Ext
  • Mondays and Wednesdays 12.00 - 13.00 Hours,
  • Education

  • Level Qualification Institution Year


    PhD in Finance

    Gulu University




    Egerton University



    B.Ed (Science)

    Kenyatta University


    Level Qualification Institution Year

    Professional Certification

    Certified Investment and Financial Analyst (CIFA) (formerly Certified Securities and Investment Analyst- CSIA )



    Short Course

    International Training Workshop on African Countries on Science Park and Incubator Building and Development

    China's Ministry Education Science and Technology


  • Work Experience

  • Period Institution Position

    August 2017 - Present

    The Co-operative University of Kenya

    Associate Professor of Finance

    Jan 2015 - July 2017

    The Co-operative University of Kenya

    Senior Lecturer of Finance

    March 2014 - December 2014

    Karatina University

    Senior Lecturer of Finance

    December 2012 - March 2014

    Maasai Mara University

    Senior Lecturer of Finance

    September 2012 - November 2012

    Mount Kenya University

    Senior Lecturer of Finance

    September 2009 - August 2012

    Mount Kenya University

    Lecturer of Finance

    September 2006 - August 2008

    Bahir Dar University

    Lecturer of Finance

    January 1998 - August 2006

    Teachers Service Commission- Posted to:
    Rift Valley Institute of Science and Technology, and;
    Athinai Secondary School

    Graduate Teacher

  • Research Statement

  • General statement on area(s) of research

    Capital Markets, Asset Pricing and Financial Innovations

  • Research Project

  • Title Area(geographic) Funding Body Date

    Mobile Money Research Project


    The Co-operative University of Kenya


    Revenue diversification strategies and resource utilization in Ethiopian public universities


    Bahir Dar University


  • Grants and Projects

  • Project / Programme Title Partner / Agency Dates

    Book Chapter Writing Grant



    Index Based Livestock Insurance Training Manual Development



  • Publications

  • Journal Title/Name Date of Publication Volume and Pages Internet Link

    International Journal of Finance & Banking Studies


    Vol. 6 No. 3 pp 39 - 50

    International Journal of Business and Management


    Vol. 12 No. 4. pp 178 - 185

    Journal of Business Studies Quarterly


    Vol. 8, No 3 pp 52-64

    International Journal of Economics and Finance


    Vol. 9, No. 3 pp 257-265

    Journal of Economics and Finance


    Vol 7, No. 4 pp 72 – 83

    Journal of Finance and Accounting


    Vol 4 No 4 pp 225-233

    Journal of Business Studies Quarterly


    Vol 7, No. 2 pp 2-10

    Journal of Business Studies Quarterly


    Vol 7, No. 2 pp 221 - 230

    Journal of Modern Accounting and Auditing


    Vol. 8(9) pp 1371-1380

    International Journal of Business and Management


    Vol. 7(16) pp 119-124

    Journal of Business Studies Quarterly


    Vol. 3 (4) pp 105 - 118.

    Journal of Emerging Trends in Economics and Management Sciences


    Vol. 3(1) pp 7 - 14

    Journal of Business Studies Quartely


    Vol.2 (4) pp.17 - 26

    Journal of Research in International Business and Management


    Vol. 1(5) pp 119 - 123 management-challenges-in-saving-and-credit-cooperative-societies-saccos-in-nakuru-county-kenya.pdf?view=inline

    International Journal of Business and Public Management


    Vol. 1 No.1: 44-59

    Title/Book or Chapter Publication and/or Publisher Editor Date of Publication Page Numbers

    Funding Higher education in Sub-Sahara Africa

    Palgrave, Macmillan

    Damtew Teferra

    31/10/2013 372
    Title Conference Date

    Users’ Perceptions on the Effectiveness of Enterprise Resource Planning System in Enhancing the Performance of Accounting Information Systems of Public Universities in Kenya

    ICABUMPA- iN4iN Conference.

    27th - 29th October 2015 at the KICC Nairobi, Kenya.

    Revenue Diversification and Resource Utilisation in Ethiopian Universities

    Higher Education Conference in organized by Botswana Tertiary Education Commission

    March 18-20, 2013 Gabarone, Botswana

    Financing of higher education in Africa: A case of Ethiopia public universities cost containment measures

    Management University of Africa 3rd Annual International Conference on Industry and Higher Education

    28th – 30th September 2011 Nairobi Kenya.

    An Investigation into the Cash Balance Management Approaches in Saving and Credit Cooperative Societies (SACCOs) in Nakuru County

    Mount Kenya University Nakuru Campus 3rd Academic Conference

    16th – 17th June 2011, Rift Valley Sports Club, Nakuru, Kenya.

  • Courses Taught

  • Name Description Period

    Financial Management

    Working Capital Management
    Time Value of Money
    Capital Budgeting Decisions
    Corporate Financial Decisions
    Capital Structure
    Mergers and Acquisitions
    Financial Distress
    Dividends Policies and Theories
    Financial Statement Analysis

    2004 present

    Investment and Portfolio Management

    Portfolio risk and return
    Portfolio theory
    Asset Pricing Theories
    Securities Valuation
    Industry and company analysis
    Portfolio planning and construction
    Portfolio performance evaluation

    2006 to present

    Fixed Income Securities Valuation and Analysis

    Fixed-Income Markets: Types of fixed income Securities/instruments Issuance, Trading, and Funding
    Risks associated with fixed income securities
    Valuation and analysis of straight/plain vanilla bonds
    Valuation and analysis of bonds with embedded options
    Term structure of interest rates
    Interest rate volatility
    Fundamentals of Credit Analysis

    2006 to present

    Finance Seminar

    The seminar is focuses on the learner’s ability to research, analyze, synthesize knowledge in various topical areas and present it in a coherent and logical manner. The course exposes learners to the financial management practices and how these relate to finance theory. It also exposes the learner to examination of theoretical and applied models for financial decision making.

    2006 to present

  • Postgraduate Student Supervision

  • Name Institution Qualification Title of Dissertation Period

    Caroline Ndei

    Karatina University


    An assessment of the interactions between equity unit trust funds flow and the Nairobi Securities Exchange market return volatility

    2014 - Present

    Jackson Waweru

    Karatina University


    The Influence of Alternative Finance and Conduct on the Relationship between Characteristics and Efficiency of Small and Medium Enterprises in Kenya

    2015 - Present

    Jane Gathigia Muriithi

    Jomo Kenyatta University of Agriculture and Technology (JKUAT)


    Effect of Financial Risk on Financial Performance of Commercial Banks in Kenya

    2014 - 2016

    Kaino Bethsy Jepkaintany

    Karatina University

    Masters of Business Management

    Effect of Enterprise Resource Planning System on the Performance of Accounting Information System in Kenyan Public Universities


    Kimani Beth Wambui

    Karatina University

    Masters of Business Management

    Re-Engineering Investment in Students’ Accommodation Facilities in Public University Through Public-Private Partnerships in Kenya


    Nzioka Mbinda

    Mount Kenya University


    A Critical Analysis of Determinants of the Stock Market Performance on Listed Companies


    Odhiambo Silas

    Mount Kenya University


    Efficacy of Micro Financial Institutions on Growth of Micro and Small Enterprises in Turkana County, Kenya


    Okerosi Dickson

    Mount Kenya University


    The Contributions of Financial Institutions in Promoting Business Enterprises in Turkana County: A Case Study of Lodwar Town, Kenya


    Kariuki H. K.

    Mount Kenya University


    The Management of Public Education Funds by Public Day secondary Schools in Mombasa County


    Kamau P. K

    Mount Kenya University


    Performance of Internet Marketing as a Marketing Strategy in Private Colleges in Mombasa County


    Wekesa Evans

    Mount Kenya University


    Commercialization of Products for Company Y: A University - Industry Initiative in Kenya


  • Professional Affiliations

  • Organisation Role Period

    Institute of Certified Investment and Financial Analysts (ICIFA)

    Member, Education and Research Committee

    2014 - Present

  • Other Contributions

  • Other Contributions

    Editor and reviewer of journal articles and conference papers.

    External examiner of PhD dissertations for several universities