The promoters of the prestigious Financial Reporting (FiRe) Award have officially launched the 2026 edition, with this year’s theme, “Advancing High-Quality Financial and Sustainability Reporting for Sustainable Growth.”
It reflects a growing global shift toward broader corporate accountability beyond traditional financial disclosures.
The FiRe Award, widely regarded as the most prestigious financial reporting recognition in East Africa, is jointly organised by the Institute of Certified Public Accountants of Kenya (ICPAK), the Public Sector Accounting Standards Board (PSASB), the Nairobi Securities Exchange (NSE), the Capital Markets Authority (CMA), and the Retirement Benefits Authority (RBA).
ICPAK CEO and FiRe Award Executive Committee Chair CPA Dr. Grace Kamau described the award as more than a recognition exercise.
“The FiRe Award is more than a recognition award, it is a catalyst for building a culture of transparency, accountability and long-term value creation. As expectations around financial and sustainability reporting continue to evolve, organisations that embrace high-quality disclosures position themselves to earn greater stakeholder confidence, attract investment and contribute meaningfully to Kenya’s sustainable economic growth,” she said.
She also invited organisations across the public, private, and not-for-profit sectors to participate.
CMA CEO Wyckliffe Shamiah underscored the timely nature of this year’s theme, linking sustainability reporting directly to investor confidence and capital attraction.
“Companies that report transparently on their sustainability practices build more trust with investors, attract more capital, and position themselves for long-term resilience. Participating in the FiRe Award is not just about winning recognition, it is about benchmarking against the highest standards of disclosure,” he said.
On the public sector side, PSASB CEO FCPA Georgina Muchai highlighted a significant development on the international stage, noting that the International Public Sector Accounting Standards Board recently issued its first Sustainability Reporting Standard on climate-related disclosures, set to take effect on January 1, 2028.
“Sustainability reporting is emerging as the next frontier of public sector accountability,” she said, describing the shift as a response to citizens demanding greater transparency on how governments create economic, social, and environmental value.
RBA CEO Charles Machira called on all pension schemes to take part in this year’s awards, describing high-quality reporting as foundational to securing member funds and building long-term trust.
“Elevating our reporting standards isn’t just about regulatory compliance, it is foundational to building long-term stakeholder trust, securing member funds, and driving sustainable growth across the entire industry,” he said.
NSE CEO Frank Mwiti added that recognising excellence in reporting strengthens investor confidence and reinforces Kenya’s position as a competitive investment destination.
“By recognising excellence in reporting, the Award strengthens investor confidence, attracts capital inflows, and reinforces Kenya’s position as a competitive and attractive investment destination,” he said.
The FiRe Award has been running annually for several years, recognising the best reporting entities across East Africa in a gala evening hosted by its joint promoters.
Organisations across the public, private, and not-for-profit sectors are invited to participate in the 2026 edition.
The promoters of the prestigious Financial Reporting (FiRe) Award have officially launched the 2026 edition, with this year’s theme, “Advancing High-Quality Financial and Sustainability Reporting for Sustainable Growth.”
It reflects a growing global shift toward broader corporate accountability beyond traditional financial disclosures.
The FiRe Award, widely regarded as the most prestigious financial reporting recognition in East Africa, is jointly organised by the Institute of Certified Public Accountants of Kenya (ICPAK), the Public Sector Accounting Standards Board (PSASB), the Nairobi Securities Exchange (NSE), the Capital Markets Authority (CMA), and the Retirement Benefits Authority (RBA).
ICPAK CEO and FiRe Award Executive Committee Chair CPA Dr. Grace Kamau described the award as more than a recognition exercise.
“The FiRe Award is more than a recognition award, it is a catalyst for building a culture of transparency, accountability and long-term value creation. As expectations around financial and sustainability reporting continue to evolve, organisations that embrace high-quality disclosures position themselves to earn greater stakeholder confidence, attract investment and contribute meaningfully to Kenya’s sustainable economic growth,” she said.
She also invited organisations across the public, private, and not-for-profit sectors to participate.
CMA CEO Wyckliffe Shamiah underscored the timely nature of this year’s theme, linking sustainability reporting directly to investor confidence and capital attraction.
“Companies that report transparently on their sustainability practices build more trust with investors, attract more capital, and position themselves for long-term resilience. Participating in the FiRe Award is not just about winning recognition, it is about benchmarking against the highest standards of disclosure,” he said.
On the public sector side, PSASB CEO FCPA Georgina Muchai highlighted a significant development on the international stage, noting that the International Public Sector Accounting Standards Board recently issued its first Sustainability Reporting Standard on climate-related disclosures, set to take effect on January 1, 2028.
“Sustainability reporting is emerging as the next frontier of public sector accountability,” she said, describing the shift as a response to citizens demanding greater transparency on how governments create economic, social, and environmental value.
RBA CEO Charles Machira called on all pension schemes to take part in this year’s awards, describing high-quality reporting as foundational to securing member funds and building long-term trust.
“Elevating our reporting standards isn’t just about regulatory compliance, it is foundational to building long-term stakeholder trust, securing member funds, and driving sustainable growth across the entire industry,” he said.
NSE CEO Frank Mwiti added that recognising excellence in reporting strengthens investor confidence and reinforces Kenya’s position as a competitive investment destination.
“By recognising excellence in reporting, the Award strengthens investor confidence, attracts capital inflows, and reinforces Kenya’s position as a competitive and attractive investment destination,” he said.
The FiRe Award has been running annually for several years, recognising the best reporting entities across East Africa in a gala evening hosted by its joint promoters.
Organisations across the public, private, and not-for-profit sectors are invited to participate in the 2026 edition.
Citizen TV
Kenya’s private and public sector organisations have been urged to embrace International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS) as tools to attract capital, boost investor confidence, and enhance global competitiveness.
Speaking during the official launch of the 24th edition of the Financial Reporting (FiRe) Award in Nairobi, key sector regulators reaffirmed their commitment to promoting transparency, accountability, and comparability through internationally recognised financial reporting frameworks.
The event in Nairobi brought together executives from the Capital Markets Authority (CMA), Institute of Certified Public Accountants of Kenya (Icpak), Nairobi Securities Exchange (NSE), Retirement Benefits Authority (RBA), and the Public Sector Accounting Standards Board (PSASB).
Theme: “Championing for effective sustainability reporting through technology and innovation to enhance transparency”.
CALL FOR ENTRIES 2024
The Financial Reporting (FiRe) Award is the most prestigious and coveted Award in East Africa for financial reporting. The award is held annually by the joint Promoters; Institute of Certified Public Accountants of Kenya (ICPAK), Capital Markets Authority (CMA) Kenya, Nairobi Securities Exchange (NSE), Public Sector Accounting Standards Board-Kenya (PSASB), and the Retirement Benefits Authority (RBA). The Award is aimed at promoting quality reporting through enhancing accountability, transparency and integrity in compliance with appropriate financial reporting frameworks and other disclosures on governance, social and environmental reporting by private, public and other entities domiciled in East Africa.
The period for holding the FiRe Award 2024 is here with us and this year’s event is focusing on sustainability reporting through technology and innovation to enhance transparency of non-financial information. The award will highlight the important role that technology plays in providing a wholesome view of a company’s performance and providing stakeholders with relevant information for decision-making. The theme of this year’s Award is “Championing for effective sustainability reporting through technology and innovation to enhance transparency”.
Submission of Entries
Private and public sector entities are invited to submit their entries between Tuesday, 27th August 2024 and Friday 27th September 2024 for review by a panel of experts in advance of the award. Public sector entities will receive an extension of up to 11th October 2024 for submission of their entries. The Award promotes financial reporting excellence, fosters sound corporate governance practices and enhances corporate investment and environmental reporting for financial transparency and accountability.
Participating entities should avail a softcopy version of their latest Annual Report and Audited Financial Statements to [email protected] and complete the Participant’s entry form which can be accessed on the FiRe Award website: https://www.fireaward.org/ or by clicking this link: https://forms.gle/e3kmfMYfaazz5LhW7
For more information on submission of Annual Report and Audited Financial Statements, please contact:
FiRe Award Technical Committee,
Email: [email protected]
Phone Contact:+254719074000
Sponsorship
FiRe Award welcomes partnership and provides various sponsorship opportunities. For more information, please get in touch with Raphael Nguli via [email protected]
The Conference and Award Ceremony
The 2024 FiRe Award Conference will be held on 5th December 2024 at Serena Hotel while the Award Ceremony and Gala Dinner will be held on 6th December 2024 at Safari Park Hotel. Booking for both events can be done via the ICPAK website using the following link: xxxx
By Eddah Waithaka
On August 27, the initiators of the prestigious Financial Reporting (FiRe) Award launched the 2024 edition of the FiRe Award, with a mission to advocate for integrated financial reporting practices that span both the private and public sectors, ultimately increasing accountability and transparency in the management of the nation’s resources.
The theme of this year’s Award centers on advocating for impactful sustainability reporting through the utilization of technology and innovation to bolster transparency. This highlights the increasing significance of sustainability disclosures in business operations, emphasizing their mandatory inclusion for both private enterprises and public sector organizations.
Speaking at the launch of the 23rd edition of the FiRe Award, Dr. Grace Kamau, CPA, who serves as both Chair of the Award Executive Committee and CEO of ICPAK, emphasized the critical importance of sustainability reporting in advancing sustainable development goals and promoting corporate accountability.
She emphasized that through the adoption of International Financial Reporting Standards (IFRS), with particular focus on IFRS S1 and S2, ICPAK is striving to provide guidelines and structures that will enable companies to competently monitor, control and disclose their sustainability impacts along with climate-related risks and prospects.
“Soon, we will release a communique to guide the market on the envisioned phases of adoption, assurance of sustainability reports, and disclosure of sustainability information while continuing to create awareness through curated workshops and roundtable events to ensure a just transition.”, stated Dr. Kamau.
By: Israel Ojoko
Published: December 7, 2023 at 6:03 pm EST | Updated: Dec 8, 2023 at 12:07 am EST
In an anticipated gathering of Kenya’s financial sector giants, the 23rd Financial Reporting (FiRe) Awards are set to take center stage this week.
The annual event signifies a celebration of excellence and strict adherence to international financial reporting standards among Kenyan businesses.
As the event draws closer, it serves as a clarion call for all Kenyan companies to adopt and uphold these international standards – integral for ensuring transparency, accountability, and comparability in financial reporting.
The FiRe Awards, since their inception, have been an emblem of best practices in financial reporting. The recognition conferred by these awards is perceived as a prestigious incentive for entities to maintain and raise their financial reporting standards.
The awards intend to foster a culture of comprehensive, accurate and transparent financial disclosures, thereby enhancing the accountability and governance in the Kenyan business landscape.
With the financial community’s eyes set on this event, the FiRe Awards are set to highlight the accomplishments of companies that have exhibited outstanding financial reporting.
The winners’ list, thus, is an exemplar of the companies that not only adhere to the international financial reporting standards but also go above and beyond in their financial transparency and accountability endeavours.
While the FiRe Awards acknowledge the efforts of individual companies, their implications run deeper and wider, touching the core of Kenya’s economic fabric. Promoting transparency and accountability in financial reporting, the awards indirectly influence investor confidence, business partnerships, and company reputations.
They underline the importance of ethical business practices, thereby helping in shaping a more resilient and robust financial ecosystem.
By Moses Omusolo | Oct 06, 2022 www.standardmedia.co.ke
By Moses Omusolo | Oct 06, 2022 www.standardmedia.co.ke
II 5th October 2022 II www.ntv.co.ke
