The-Accountant-Jan-Feb-2018
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<strong>The</strong> FiRe AWARD 2017<br />
In the 16th edition of the FiRe Award,<br />
there were three hundred and sixty four<br />
entries in the public sector and ninety<br />
two entries in the private sector.<br />
<strong>The</strong> 2017 FiRe Award prize<br />
winners were announced at a magnificent<br />
event at the Carnivore in the evening of Friday<br />
17th November 2017. <strong>The</strong> Guest of Honour<br />
at the Gala Dinner and Award Ceremony was<br />
James Chan who represented His Excellency<br />
Dr. Mukhisa Kituyi, Secretary-General of<br />
the United Nations Conference on Trade<br />
and Development (UNCTAD). <strong>The</strong> FiRe<br />
Award Conference took place on Thursday<br />
16th November 2017 at the Crowne Plaza,<br />
in Upper Hill, Nairobi and was officiated by<br />
CPA Bernard Ndungu, the Chairman of the<br />
Kenya Public Sector Accounting Standards<br />
Board (PSASB) and the <strong>Accountant</strong> General,<br />
National Treasury.<br />
<strong>The</strong> FiRe Award is an initiative of the<br />
Institute of Certified Public <strong>Accountant</strong>s of<br />
Kenya (ICPAK), the Kenya Capital Markets<br />
Authority (CMA), the Nairobi Securities<br />
Exchange (NSE), and the Public Sector<br />
Accounting Standards Board (PSASB)-<br />
Kenya. <strong>The</strong> promoters aim to enhance<br />
excellence in financial reporting, the disclosure<br />
of sound corporate governance practices<br />
and the disclosure of both corporate social<br />
responsibility and environmental reporting<br />
in East Africa. Entries were received from<br />
Rwanda, Tanzania and Uganda, in addition<br />
to those from Kenya. A Tanzanian bank won<br />
the prize in the banking sector. This year<br />
there was a new prize – the best “Integrated<br />
Reporting” company.<br />
As is the case each year, many of the<br />
entries displayed a high degree of excellence.<br />
<strong>The</strong> judging process is carried out at three<br />
levels to ensure adequate quality in the<br />
process. A real thank you is extended to all<br />
those involved in the judging process.<br />
<strong>The</strong> winners are as follows:<br />
NO<br />
CATEGORY<br />
GROUP<br />
WINNER<br />
1ST RUNNER UP<br />
2ND RUNNER UP<br />
1<br />
Agriculture<br />
Sector<br />
KTDA HOLDINGS LTD<br />
WILLIAMSON TEA KENYA LTD<br />
LIMURU TEA COMPANY LTD<br />
2<br />
Bank<br />
Sector<br />
CRDB BANKING GROUP LTD<br />
BARCLAYS BANK OF KENYA LTD<br />
EQUITY GROUP HOLDINGS LTD<br />
3<br />
Independent Offices<br />
& Constitutional<br />
Commissions Reporting<br />
under IPAS CASH<br />
Sector<br />
OFFICE OF THE<br />
CONTROLLER OF BUDGET<br />
REGISTRAR OF POLITICAL PARTIES<br />
PUBLIC SERVICE COMMISSION<br />
4<br />
Industrial, Commercial<br />
& Services<br />
Sector<br />
SAMEER AFRICA LTD<br />
KENOL KOBIL LTD<br />
TRANS CENTURY LIMITED<br />
5<br />
Insurance<br />
Sector<br />
JUBILEE INSURANCE<br />
BRITAM HOLDINGS LIMITED<br />
BRITAM ASSURANCE<br />
6<br />
Micro Finance Institutions<br />
MINISTRIES /<br />
Sector<br />
FAULU MICROFINANCE<br />
BANK<br />
STATE DEPARTMENT OF<br />
FISHERIES<br />
KASNEB RETIREMENT BENEFIT<br />
SCHEME<br />
7<br />
DEPARTMENT/AGENCIES<br />
Sector<br />
NATIONAL INTELLIGENCE<br />
SERVICE<br />
KENGEN DEFINED BENEFITS (D.C)<br />
SCHEME<br />
STIMA SACCO<br />
8<br />
Not for Profit<br />
Sector<br />
STRATHMORE UNIVERSITY<br />
MWALIMU SACCO<br />
JOMO KENYATTA FOUNDATION<br />
9<br />
Sacco<br />
Sector<br />
UN SACCO<br />
KENOL KOBIL<br />
KENYA COPYRIGHT<br />
BOARD<br />
10<br />
SME<br />
Sector<br />
DUNE PACKAGING LTD<br />
IDB CAPITAL<br />
EQUITY GROUP HOLDINGS LTD<br />
11<br />
LISTED<br />
Category<br />
SAMEER AFRICA LTD<br />
BRAND KENYA<br />
KCB HOLDINGS<br />
12<br />
STATE CORPORATIONS<br />
AND SEMI-<br />
AUTONOMOUS<br />
GOVERNMENT AGENCIES<br />
(SAGAs) UNDER IFRS<br />
Sector<br />
KENGEN<br />
BARCLAYS BANK OF KENYA LTD<br />
SAMEER AFRICA<br />
13<br />
IPSAS ACCRUAL<br />
Reporting<br />
Framework<br />
COMPETITION AUTHORITY<br />
OF KENYA<br />
BARCLAYS BANK OF KENYA LTD<br />
BRITAM HOLDINGS<br />
14<br />
IFRS for SME<br />
Reporting<br />
Framework<br />
KENYA BANKERS<br />
ASSOCIATION<br />
CRDB BANK PLC<br />
15<br />
IFRS<br />
Reporting<br />
Framework<br />
CRDB BANKING GROUP LTD<br />
16<br />
Integrated Reporting<br />
Category<br />
SAMEER AFRICA LTD<br />
17<br />
Environmental & Social<br />
Reporting<br />
Category<br />
UMEME LTD<br />
18<br />
Governance<br />
Category<br />
SAMEER AFRICA LTD<br />
19<br />
Promoters’ Recognition<br />
Sector<br />
BARCLAYS<br />
20<br />
Rwanda<br />
Country<br />
BANK OF KIGALI<br />
21<br />
Tanzania<br />
Country<br />
CRDB BANK PLC<br />
22<br />
Uganda<br />
Country<br />
UMEME LTD<br />
23<br />
Kenya<br />
Country<br />
SAMEER AFRICA LTD<br />
24<br />
OVERALL<br />
Overall<br />
SAMEER AFRICA LTD<br />
<strong>The</strong>me: Inspiring Confidence through Excellence in Financial Reporting and Corporate Governance in East Africa<br />
JANUARY - FEBRUARY <strong>2018</strong> 25
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