NAIROBI, Kenya, Jan 22- Renowned investment banker Jimnah Mbaru has officially retired as a council member of the National Economic and Social Council (NESC) which is a standing committee mandated to provide expert advice on economic and social matters to the president and the cabinet.
The current Chairman of Dyer and Blair Investment Bank Ltd, Jimnah Mbaru was appointed as a member of the Council by President Kibaki in September 2004 and has served in the committee for two consecutive terms.
Mbaru expressed his gratitude at having the opportunity to use his wide expertise in recommending to the President and Cabinet changes in policy direction that delivered economic growth, wealth and employment creation to all Kenyans.
“I am honoured to have had the opportunity to serve the country as a council member of such a prestigious body like the National Economic and Social Council where I dedicated my service for the past six years. I am very proud of my achievements and my track record speaks for itself, said Mbaru.
In the last six years that Mbaru has served in the advisory body, he is credited to have been part of the team that was involved in the development of Kenya’s development blueprint Vision 2030.
He also played a crucial role towards the establishment of the Brand Kenya Board, a body which is charged with the responsibility of building a positive image for Kenya.
He also played a crucial role in the reconstitution of the Monetary Advisory Committee of the Central Bank of Kenya and was also instrumental in mobilising funds for development needs in the infrastructure sector through the introduction of infrastructure bonds.
During the same period, in his role as the Council member, Mbaru initiated various studies and reports on unemployment, and as a result, ensured the development of a national employment policy for Kenya now underway.
He was also instrumental in ensuring the gazettement of International Financial Services Committee to progress issues aimed at making Nairobi an International Services Centre.
Other achievements that he is credited for includes; review of the mining policy to strengthen steel manufacturing as a basis for development; promoting Kenya’s productivity and competitiveness leading to the adoption of a cluster approach for economic development and development of a National Value System for the country.