Associate Professor Odongo Kodongo
Finance and Accounting
Courses and Disciplines taught at WBS:
Advanced Corporate Finance and Corporate Governance; Capital Budgeting and Project Finance; Investment Banking; Investments
Other notable graduate teaching experience
Wits School of Property Studies (Real Estate Finance; Commercial Real Estate Investments)
Visiting professor at African Economic Research Consortium (Financial Economics); University of Cape Town (International Finance for Development); Strathmore University (Investments); United States International University, Africa (Money and Capital Markets – undergraduate)
Research Interests
Development Finance, Economic Growth, Asset Pricing, and Corporate Finance
Industry and professional experience
Odongo has consulted for or advised many organizations and governmental agencies, notably Libya Oil (Uganda), USAID (South Africa), ActionAid (Kenya), African Development Bank, African Capacity Building Foundation, Development Bank Southern Africa, CATTHSETA (South Africa), Government of Limpopo (South Africa), and Department of Public Enterprises (South Africa).
Recent publications
Kodongo, O., Mukoki, P. and Ojah, K., 2023. Bond market development and infrastructure-gap reduction: The case of Sub-Saharan Africa. Economic Modelling 121, 106230. https://doi.org/10.1016/j.econmod.2023.106230
Asafo-Agyei, G. and Kodongo, O., 2022. Foreign direct investment and economic growth in Sub-Saharan Africa: A nonlinear analysis. Economic Systems 46(4), 101003. https://doi.org/10.1016/j.ecosys.2022.101003
Ojah, K., Muhanji, S. and Kodongo, O., 2022. Infrastructure threshold, quality, and economic development in Africa: Do income level and geography matter? Economic Change and Restructuring 55(3), 1587–1627. https://doi.org/10.1007/s10644-021-09360-6
Selebogo, M. and Kodongo, O., 2022. The Fama-French five-factor model and emerging market equity returns. Quarterly Review of Economics and Finance 85, 55-76. https://doi.org/10.1016/j.qref.2020.10.023
Ojah, K., Muhanji, S. and Kodongo, O., 2020. Insider trading laws and price informativeness in emerging stock markets: The South African case. Emerging Markets Review 43, 100690. https://doi.org/10.1016/j.ememar.2020.100690
Kodongo, O., 2018. Financial regulations, financial literacy, and financial inclusion: Insights from Kenya. Emerging Markets Finance and Trade 54(12), 2851–2873. https://doi.org/10.1080/1540496X.2017.1418318
Other scholarly contributions
Ad hoc reviewer for many Finance/Economics journals including Business Strategy and the Environment, International Review of Economics and Finance, Journal of International Financial Markets Institutions and Money, Financial Innovation, Quarterly Review of Economics and Finance, Journal of Economic Development
Associate Editor: Journal of African Development; Scientific Committee Member: Review of Development Finance
Keynote Address, Kenya’s capital markets master plan: Five years later, what are the economic impacts? at Capital Markets Indaba of the Financial Services Regulatory Authority (FSRA), Mbabane, Eswatini.
Recent Media
Kenya’s stock market has suffered steepest losses in the world: an expert view on why and how to reverse it. The Conversation
Kenya’s first budget under Ruto – three experts review its key points. The Conversation
Kenya has breached its public debt ceiling – how it got there and what that means. The Conversation
Uhuru Kenyatta’s economic legacy: big on promises, but weak on delivery. The Conversation
States have a role to play to help Africa’s struggling capital markets. Business Day
Vaccines could prevent the exploitation of Africans. Voices360
Why Kenya’s public debt overhang must worry us. Business Daily
China’s One Belt, One Road may be a dead end for African countries. Business Day
Kenya’s public debt is rising to dangerous levels. The Conversation
The economic cost of corruption in Kenya. The Conversation