The TVET Authority Director General Dr. Kipkirui Langat today gave Kenya Institute of Bankers a detailed roadmap on how the institution can be transformed into a Centre of Excellence in the financial and banking sector.
The DG hosted the CEO of Kenya Institute of Bankers (KIB) Julius Alego and a member of the Board Mr. Julius Kubai who paid him a courtesy call at his office.
The duo had come to seek advice on how KIB can align itself with government regulation and accreditation guidelines.
Over the years, the Institute has been offering professional qualifications leading to the award of Diploma and Advanced Diploma in banking and financial services. However, the institution is not regulated by any agency and the qualifications are not equated under the Kenya National Qualification Framework (KNQF). This denies the students a chance to progress in any academic pathway.
TVETA DG welcomed the team for their proactive spirit to engage the Authority, which is mandated to coordinate and regulate training in the TVET sector through the licensing, registration, and accreditation of programes, institutions and trainers.
The DG took them through the mandate of the Authority and the training and regulation regime in the TVET sector in the country.
He advised them to consider working to have the institute legally recognized as a Centre of Excellence in the Banking and Financial sector in the country so that it can offer specialized training for the sector.
Like universities and National Polytechnics, Centers of Excellence have legal orders to train and award certification in their specific areas of excellence. Some of such colleges include, Kenya Medical Training College (KMTC), Utalii College, Kenya Water Institute among others.
The DG advised the team to map out all the stakeholders in the banking and financial sector in the country and form an advisory committee. The committee will help them to review the curriculum and come up with a market driven curriculum that address the needs of the sector and also help them to come up with the required compliance structures.
TVETA has already developed the Standards that guides the establishment of a Centre of Excellence.
The DG promised them that the Authority will be at hand to offer advisory until they meet all the requirements for accreditation as a Centre of Excellence. They will then apply to TVETA for assessment and once they get approval from TVETA Board, they can then apply to the Cabinet Secretary in the Ministry of Education for consideration.
If considered, they will get a legal order that allows them to train and award certification of various programmes in the Finance and Banking sector.