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Associate Professor Odongo Kodongo

Finance and Accounting

Job Title
Associate Professor
Qualifications PhD (Financial Economics), Wits; MBA (Finance), Kenyatta University; B. ED. (Hons), Kenyatta University; CSIA, Institute of Certified Investment and Financial Analysts (EA)
Organisational Unit Wits Business School
Biography

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).

Work

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

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.

Ad hoc reviewer for many journals such as Business Strategy and the Environment; Financial Innovation; International Review of Economics and Finance; Economic Modelling; International Review of Financial Analysis; Quarterly Review of Economic and Finance; Review of Development Finance; African Development Review; Oxford Development Studies; European Journal of Finance, and many others.

 

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