The International Monetary Fund (IMF) has appointed a Kenyan to head its internal audit unit.

Nancy Asiko Onyango will be the new director of the monetary body's Office of Internal Audit and Inspection (OIA) effective February 2018, replacing Clare Brady after a near four-year tenure.

Her appointment was announced Monday by IMF managing director Christine Lagarde, who expressed confidence in the Kenyan national's ability to steer the key unit.

“Ms Onyango brings to the Fund more than 25 years of experience in internal audit, strategic risk management, corporate governance and IT risk management,” Ms Lagarde said in a statement today.

Ms Onyango has worked in several sectors, including financial services, and with several governments, development agencies and non-governmental organisations.

Most recently, she was the CEO of Nairobi-based Reliance Risk Advisory Solutions.

Before that, she was a Partner at PricewaterhouseCoopers (Kenya) and also served as EY's Governance, Risk and Compliance Leader for Africa.

Ms Onyango is a Certified Public Accountant (CPA) and holds a doctorate degree in Business Administration from the United States International University — Africa (USIU) in Nairobi in conjunction with the Columbia Business School, specialising in gender leadership and organisational change management.

She also holds several international certifications from global institutions such as the Information Systems Audit and Control Association and the Institute of Internal Auditors.

She currently sits on the boards of KCB Bank Group and Cytonn Investments.

Cytonn Investments plans to list by introduction on the Nairobi Securities Exchange’s Growth and Enterprise Market Segment before the end of March next year as the firm moves to grow its capital.

The move is aimed at diversifying the investment firm’s revenue sources.

“We expect to have listed by introduction by the first quarter of 2018,” Cytonn Investments chief executive officer Edwin Dande said.

Listing by introduction will allow the firm to put its shares on the exchange without necessarily raising money from the public.

“We want to first see how the shares trade and allow people a chance to get familiar with the company,” Dande said.

He added that the Initial Public Offering geared towards funding growth will be expected in 18-24 months after listing by introduction.

It would be interesting to look at theyre cashflow statement...stripping fair value gains there is an trading loss & why are staff costs so high like that?