Dr Ambrose Jagongo

Position: Senior Lecturer and Chair of the Department 
Department: Accounting and Finance
Contact Address: P.O. Box 43844 Nairobi (00100)
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Area of Specialization: Entrepreneurship Finance
Research Interests: Entrepreneurship Financing and MSME Management



Dr. Ambrose O. Jagongo is the Chair of Accounting and Finance Department  and the immediate former Chair of Postgraduate Studies Board and Coordinator of Quality Assurance in the department of Accounting and Finance, and a Staff Mentor in the University Staff- to- Student Mentoring Program. He is the immediate former Head of Teaching Programs and Publication Section in the Academic Division at Kenyatta University. Previously, he served as Coordinator of KU - KIST Collaboration Learning Center. He also served as Assistant Registrar at the Examination section-KU. Dr. Jagongo is a holder of a PhD in Entrepreneurship Finance, MBA (Finance) and BA (Business Studies and Economics) all from Kenyatta University, Nairobi, Kenya. He is a full member of Kenya Institute of Management (KIM) and a member of the American Association of International Researchers (AAIR), a member of the Editorial Board for World Journal of Social Sciences (ISSN 1838-1184) and holds a Certificate in Corporate Governance from the Cooperative University of Kenya.

Dr. Jagongo is known for his prowess in Entrepreneurship Finance, where his main research area is Financial Management for MSMEs. Dr. Jagongo has been involved in various curriculum development/reviews, e.g. Curriculum development of Bachelor of Education (Technical and Vocational Education); Curriculum development of Doctor of Business Administration program; Review of the MSc (finance) program; Review of the PhD (in Business)program and Review of the Executive MBA Program. He has over the years effectively supervised several MSc (Finance), MBA and PhD students at Kenyatta University and in other universities. In addition he serves as examiner for MSc (Finance), MBA and PhD thesis for Kenyatta University, University of Nairobi, Kenya Methodist University, St. Paul’s University and Mount Kenya University. In 2021 he participated in a successful Multi-Institutional Collaborative Consortium Research Grant awarded by National Research Fund - Project title: Optimizing Parameters for the Proper Use of Face Masks to Reduce Severity of Underlying Infections for Enhanced Tolerance to COVID 19. He also negotiated a Development Grant from Agriculture and Food Authority (AFA) - Coffee Directorate for the establishment of KU Coffee House and Bakery.

He has attended several conferences/ workshops recently, including the following:-

  • 2021: 3 rd International Business Research and Industrial Conference (IBRIC), held on 26 th - 27 th August 2021, Virtually. Theme: Building Business Resilience and Sustainability in the Context of Economic Recession and Pandemics. Paper presented: Mwangudza C.K, Jagongo A. & Ndede F.W.S. (2021) “Liquidity Management and Financial Performance of Teachers Deposit Taking Savings and Credit Cooperative Societies in Kenya”. Pg. 24 of the book of abstracts.
  • 2020: International Business Research and Industrial Conference (IBRIC). Held on 3rd - 4th December 2020, Virtually. Theme: Academia-Industry Partnership for Competitive Innovations and Global Sustainable Development. Conference Chairman.

  • 2020: Approaches to Effective Change Management Seminar held at Prideinn ParadiseBeach Hotel, Mombasa 9th - 13th November 2020.

  • 2019: International Business Research and Industrial Conference (IBRIC). Held on 20th -21st June 2019, at Kenyatta University North Coast Beach Hotel, Mombasa, Kenya. Theme: Emerging Trends in Business Management for Global Sustainability Development. Conference Chairman and Paper Presenter on Jagongo (2019)“Micro Savings for Entrepreneurial financing (An Empirical Review of Impediments experienced by Women Entrepreneurs in Kenya.”

  • 2018: International Conference on Entrepreneurship, Business & Technology (ICEBUT2018). At Methodist university college Ghana, march 26 & 27, 2018, Paper presented: Okebe B.O & Jagongo A. (2018). “Implications of Mobile Money Services on the Performance of SMEs in Urban Centres in Kenya.” www.icebut.org

  • 2017, 3rd Africalics International Conference on 27th- 29th Nov. 2017, at University of Oran 2, Oran, Algeria.Theme: Emerging Innovation Systems for Sustainable Development in Africa Paper presented: Makori D. & Jagongo A. (2017). “Working Capital Management and Financial Performance: Evidence from Firms listed at the Nairobi securities exchange, Kenya.

  • 2017, 5th Business & Management Conference, Rome, organized by International Institute of Social and Economic Sciences (website: www.iises.net) on 5th -8th April 2017. Paper presented: “Strategic Resource Mobilization for Entrepreneurial Financing (A Review of Impediments for Growth of Women Owned MSMEs in Kenya.”

  • 2017: Facilitated Executive SME Banking Seminar (SBC Africa). www.suprian .co.ke.

  • 2016: Global Development Finance Conference: 23-24 November 2016: Gateway Hotel, Umhalanga, Durban, South Africa:
    Paper presented : “Jagongo A. and Obere E. (2016) Social Media (a platform for business communication among MSMEs in Nairobi, Kenya.” http://j.mp/2cr3feb

  • 2016: Corporate Governance Certification Course, by the Cooperative University of Kenya, 3-7th October 2016, at Water Buck hotel, Nakuru.

  • 2016: The 3rd International Interdisciplinary Conference (IIC) On “Innovative Research for Sustainable Development; September, 2016, at the University of Eldoret- Kenya. Papers presented:

      • a) “Financial Innovations and Financial Performance of Commercial banks in Kenya.”
      • b) “Mediating effect of Cash holdings on the relationship between Short-term financing and Performance of firms listed at Nairobi Securities Exchange, Kenya.
        c) “Innovative Communication and Marketing tool towards growth of Micro Small and Medium enterprises in Nairobi: The use of Social Media platform.”

  • 2016: 5th RVTTI International TVET and Interdisciplinary Conference: Theme: Transforming our World: Role of TVET in the Sustainable Development agenda; 26-28 May, 2016, in Eldoret.

  • 2016: Conference on Globalization and the changing business environment at Travellers Beach hotel Mombasa 15th-19th Feb. 2016

  • 2014: Workshop on Pensions Fund Management, Board of Trustees responsibilities and Corporate Governance Practices at College of Insurance, Nairobi, 2014

  • 2014 : The 1st International Cooperatives Summit, 29th to 31st November 2014,at Nyali International Beach Hotel & Spa, Mombasa from.

  • 2014: KIST Inaugural Research Conference 2014, at KIST from 9th to 10th Oct. 2014. Paper title: Social Media and Entrepreneurship Growth, (a new Business Communications Paradigm among SMEs in Nairobi, Kenya).

  • 2014: Workshop on Individual Lending Best Practices, held in Travellers Beach Hotel, Mombasa, 26th to 29th August 2014.

  • 2013: Annual SACCO Leaders Congress Held in Nyali International Beach Hotel, Mombasa from 9th to 13th December 2013.

  • 2013: Global Business Research Conference in Kathmandu, Nepal on 7-8th Nov. 2013.Paper title: Strategic Business Savings for Entrepreneurial Financing (An Empirical Review of Impediments for Growth of Women Entrepreneurial Ventures in Kenya).

  • 2013: Teaching Methodology and Evaluation workshop; by the Center for Teaching Excellence and Evaluation, Kenyatta University.

  • 2012: Workshop on Development Research Uptake in Sub-Sahara Africa (DRUSSA) in Kenyatta University Kenya, on 5th – 8th November 2012.

  • 2011: Workshop on Entrepreneurship for Agribusiness and Trade in Hargeisa, Somaliland on 1st and 2nd February 2011. Papers presented: Strategies of New Enterprise Organization. 2)Marketing and Sales Management for Profit Maximization.

  • 2010: Workshop on Domestic Worker’s Socio-economic Rights and Entrepreneurship, in Bujumbura-Burundi on 22nd -23rd November 2010.

  • 2010: Workshop on Effective Teaching Skills organized by Australian Studies Institute (AUSI) in conjunction with Edith Cowan University (ECU), on 19th -20th July 2010.

  • 2007: International Conference on Micro, Small and Medium Enterprises (MSMEs) at the Centre for Entrepreneurship and Enterprise Development (CEED), Kenyatta University, on 14 - 16th November 2007.

Publications in Refereed Journals

Articles in Conference Proceedings

  • 2021: 3 rd Kenyatta University International Business Research and Industrial Conference (IBRIC), held on 26 th -27 th August 2021, Virtually. Theme: Building Business Resilience and Sustainability in the Context of Economic Recession and Pandemics. Paper presented: Paper presented Mwangudza C.K, Jagongo A. & Ndede F.W.S. (2021) “Liquidity Management and Financial Performance of Teachers Deposit Taking Savings and Credit Cooperative Societies in Kenya”. Pg. 24 of the book of abstracts.

  • 2020: 2 nd Kenyatta University International Business Research and Industrial Conference (IBRIC), held on December 3 rd - 4 th , Virtually. Theme: Academia-industry Partnerships for Competitive Innovations and Global Sustainable Development: Paper presented Nthimba. A.N., Mwangi. L.M., & Jagongo. A. (2020) “Fund Size Effect on Performance of Unit Trust Funds in Kenya.” Pg. 20 of the book of abstracts.

  • 2019: 1 st Kenyatta University International Business Research and Industrial Conference (IBRIC), held on 20 th  -21 st  June 2019, at Kenyatta University North Coast Beach Hotel, Mombasa, Kenya. Theme: Emerging Trends in Business Management for Global Sustainability Development. Papers presented:-

     “Micro Savings for Entrepreneurial Financing. (An Empirical Review of Impediments Experienced By Women Entrepreneurs in Kenya.)” Jagongo A.
     “Asset Quality and Efficiency of Deposit Taking Savings and Credit Cooperative Societies in Kenya” Kimutai C.J., Jagongo A., & Omagwa J.
     “Impact of CBK Prudential Guidelines on MFI Operations in Kenya.” Chepkutwo D., Jagongo A. & Okech T.
     “Bank Size and Financial Risk Exposure on Financial Performance Of Commercial Banks In Kenya” Konya M. N., Jagongo A. & Kosimbei G.
     “Lending Interest, Inflation and Foreign Exchange Rates Relationship with Loan Delinquency in the Tea Subsector In Kenya. Kogei I., Jagongo A., Ndede F. W.S.
     “Digital Credit and Personal Finance Management in Kenya: A desk review of the related literature in the recent time. Wanyama Sara Ajiambo S. W & Jagongo A.
     “Agency banking transactions on financial performance of primary business of small scale enterprises in Kiambu Town, Kenya.” Thogori J.N., Jagongo A. & Ndede F. W.S.
     “Factors Hindering Growth of Women Owned Micro and Small Enterprises: A case Of Micro Finance Borrowers In Makadara - Nairobi.” Kiyai G., Namusonge M., & Jagongo A.
  • 2017, 3rd Africalics International Conference held on 27th-29th Nov. 2017, at the University of Oran 2, Oran, Algeria. Theme: Emerging Innovation Systems for Sustainable Development in Africa.
    Paper presented: “Working Capital Management and Financial Performance: Evidence from Firms listed at the Nairobi securities exchange, Kenya.

  • 2017, 3rd Africalics International Conference held on 27th-29th Nov. 2017, at the University of Oran 2, Oran, Algeria. Theme: Emerging Innovation Systems for Sustainable Development in Africa. Paper presented: “Working Capital Management and Financial Performance: Evidence from Firms listed at the Nairobi securities exchange, Kenya.

  • Jagongo (2017). “Strategic Resource Mobilization for Entrepreneurial Financing (A Review of Impediments for Growth of Women Owned MSMEs in Kenya.” 5th Business & Management Conference, Rome, organized by International Institute of Social and Economic Sciences (website: www.iises.net) on 5th -8th April 2017.
  • Ndede, F., Mbewa M. and Jagongo A. (2016) Regulatory framework and demographic determinants of acquisition of financial services by MSEs in Nairobi County, Kenya. Global Development Finance Conference: 23-24 November 2016: Gateway Hotel, Umhalanga, Durban, South Africa.
  • Jagongo A. and Obere E. (2016) Social Media (a platform for business communication among MSMEs in Nairobi, Kenya. Global Development Finance Conference: 23-24 November 2016: Gateway Hotel, Umhalanga, Durban, South Africa.
  • Jagongo A. and Makori D. M. (2016). Financial Innovations and Financial Performance of Commercial banks in Kenya. The 3rd International Interdisciplinary Conference (IIC) On “Innovative Research for Sustainable Development; September, 2016, at the University of Eldoret- Kenya.
  • Jagongo A. and Maubi A. M, (2016). Mediating effect of Cash holdings on the relationship between Short-term financing and Performance of firms listed at Nairobi Securities Exchange, Kenya. The 3rd International Interdisciplinary Conference (IIC) On “Innovative Research for Sustainable Development; September, 2016, at the University of Eldoret- Kenya.
  • Jagongo Ambrose (2016). Innovative Communication and Marketing tool towards growth of Micro Small and Medium enterprises in Nairobi: The use of Social Media platform. The 3rd International Interdisciplinary Conference (IIC) On “Innovative Research for Sustainable Development; September, 2016, at the University of Eldoret- Kenya.
  • Jagongo Ambrose (2013): Strategic Business Savings for Entrepreneurial Financing (An Empirical Review of Impediments for Growth of Women Entrepreneurial Ventures in Kenya). Global Business Research Conference in Kathmandu, Nepal on 7-8th November 2013.
  •  Jagongo Ambrose (2012): Entrepreneurial Financing (The Savings Approach for Growth   of Women businesses in Kenya). World Business Research Conference, 4th- 6th October 2012, Hotel Novotel Bangkok, Siam Square Thailand

External Examiner in other Universities.

  • 2021 to date : School of Business and Economics, Kirinyaga University

  • 2018 to date: Department of Finance and Accounting , University of Nairobi
  • 2017 to 2020: School of Entrepreneurship and Procurement Management, Jomo
  • Kenyatta University of Agriculture and Technology.
  • 2015 to date: School of Economics and Finance, Mount Kenya University.
  • 2013 to 2018: Faculty of Business and Communication, St. Paul’s University
  • 2013 to 2017: Business Studies department, University of Nairobi
  • 2012 to 2017: Masters Thesis, Kenya Methodist University
  • 2012 to 2017: PhD Thesis, Kenya Methodist University
  • 2010 to 2015: Business Studies department, the Technical University of Mombasa

Recognition awards

  • 2014 – Vice Chancellor’s Award: Received Kenyatta University Extra-mile Award, in recognition of his outstanding Service to the University as Chairman of Departmental Postgraduate Studies Committee.
  • 2002 – Vice Chancellor’s Award: Received Kenyatta University Worker of the Year Award in recognition of his outstanding Service to the University as an Assistant Registrar in Examinations section.

PhD Supervision (Completed)

  • 2020: Benson Odhiambo Apuoyo (D86/CTY/22848/12) “Venture Capital Financing and Growth of SMEs in Nairobi, Kenya”

  • 2020: Njagi Gilbert Nyaga (D86/CTY/22846/12) “Business Specific Factors and Credit Rationing among Registered SMEs in Kiambu County, Kenya”.

  • 2019: Bancy Wawira Muchira (D86/CTY /26889/2012). “Entrepreneurial and Firm Characteristics and Access to Venture Capital of SMEs in Nairobi, Kenya”.

  • 2019: Grace Muthoni Kairuki (D86/CTY/22851/12) “Financing Decisions and Shareholder Value Creation of Non-Financial Firms at NSE, Kenya”.

  • 2019: Carolyne J. Kimutai (D86/CTY/25310/11) Financial Soundness Indicators and Efficiency of Deposit Taking SACCOS in Kenya.

  • Nelly M. Konya, (2018). “Implications of Weighted Composite Index on Cost Management Efficiency among Commercial Banks in Kenya.”

  • Austin O. Onyango (2018). “Exchange Rate Overshooting: Implications on Stock Prices of Companies on Nairobi Securities Exchange, Kenya.”

  • Rajiv Argarwal, (2018). “Effect of Value Chain Financing and Financial Performance of Edible Oil Manufacturing Companies in Kenya.”

  • Ampah  S. N. (D86/CTY/26897/2013). “Microfinance Interventions and Poverty Reduction Among Enterpreneurs of Micro, Small and Medium Enterprises in the Central Region of Ghana.”
  • Phoebe Adhiambo Mical (2017) ”Relationship between Agricultural Entrepreneurship and Poverty Reduction among Farmers in Kisumu County, Kenya.”
  • Molonko B. Nolari (2017) “Government Expenditure and Sectoral Economic Growth in Kenya.”
  • Makori M. Daniel (2017): Short Term Financing and Financial Performance of Non –Financial Firms listed at the Nairobi Securities Exchange, Kenya
  • Lemein Korei Koitamet (2017) Tourism Environment and Entrepreneurship Development of Host Community on Maasai Mara National Game Reserve in Narok County Kenya.
  • Njoka Charity (2016): “Developments in the NSE and the effect on Capital Structure of the Listed Firms.”
  • Aminu Yakubu Abubakar (2014) “Effects of 2008 Global Financial Crisis on the Performance of Bank Shares traded in the Stock Exchange Market in Nigeria.”
  • Siaw Frimpong (2014). “Demand-Side Factors and Accessibility to Finance by Small and Medium Enterprises in Ghana”.
  • Nkirina Severina Peter (2013). “University - business linkages and access to Business Development Support Services by Micro & Small Enterprises neighboring St. Augustine University of Tanzania”
  • Evans Mwiti (2013). “Determinants of Initial Export Market Participation among Micro and Small Enterprises in the Commercial Craft Sector in Kenya.”
  • George K. N. Mbugua (2012). “An investigation of Enterprise Based Training on the Performance of Manufacturing Enterprises in Nairobi, Kenya.”

MSc (finance) Supervision (Completed)

  • 2021: Nyasu John Hakim Ali (MBA Finance). “Effect of Organization capacity on fundraising levels by non–governmental organizations in South Sudan.”
  • 2020: Christine M. Okumu (MBA Finance). “Financial Leverage and Profitability among Deposit-taking Microfinance Institutions in Nairobi City County, Kenya.”
  • 2020: Odidi Mercy Vera (MBA Finance). “The moderating effect of inflation on the relationship between Foreign Direct Investment, financial market development and economic growth in Kenya.”
  • 2020: Rutto Jelagat Prisca (MBA Finance). “Financial Technology and Customer Financial Management in Deposit Taking Savings and Credit Co-operatives in Baringo County, Kenya.”
  • 2020: Ngulale Majala Elizabeth (MBA Finance).” Digital Credit Borrowing and the Financial Risk Exposure of micro and small Enterprises in Nairobi City County.”
  • 2020: Paul Assumptah Mumbua (MBA Finance).”Microfinance Services and Financial Performance of small and medium Enterprises in Kitui County, Kenya.”
  • 2020: Nancy Atieno Oyugi (MBA Finance). “Microfinance Services and Financial Performance of Women Owned enterprises in Migori Township, Kenya.”
  • 2020: Kitivui John Kimanzi (MBA Finance).”Credit accessibility and success to women –owned enterprises in Kitui County Kenya”.
  • 2020: Ochieng’ Ruth Marenya (MSc Finance). “Working Capital and Financial Performance of Manufacturing and Allied category of Firms listed at the NSE, Kenya.”
  • 2020:Kwang’a Maureen Achieng” (MBA Finance). “Loan Characteristics and Repayment Performance at the Higher Education Loans Board in Kenya.”
  • 2019: Hassan Maalim Abdullahi (MBA Finance).”Financial Innovations and Levels of Risks in Commercial Banks in Kenya.”
  • 2019: Kogei Isabella (MSc Finance). Macroeconomic variables and Loan delinquency of tea manufacturing companys, managed by Kenya Tea growers Association.”
  • 2019: Alice Mwale Noah (MSc Finance). “Business Process Re-engineering and Financial Performance of Tier one Commercial banks in Kenya.”
  • 2019: Adbirashid Ali Abdi(MBA Finance). “Group lending and loans performance in micro-finance institutions in Nairobi city county, Kenya: a case of Women Microfinance Bank ltd.”
  • 2019: Peter Kibet Goin (MBA Finance). “Mobile Banking and Savings Practices among Residents of Kapsabet town, Kenya.”
  • 2018: Christine Ombaka (MBA Finance). Mergers and Acquisitions on Financial Performance among Selected Commercial Banks in Kenya.
  • 2018: Ruth A. Omondi (MBA Finance). “Microfinance Services and Financial Performance of Youth SMEs in Kisumu County, Kenya”.
  • 2017: Alex Mala Munyoki (MSc Finance).”Capital structure and Financial Performance of Commercial Banks in Kenya.”
  • 2017: Kamau John Thuo (MBA finance). “Devolution and its effects on Foreign Direct Investment in Kenya.”
  • 2017: Odongo Charles Omwanza (MBA finance).”Capital Structure and Financial Performance of listed Companies at the NSE  Market: a case of Commercial banks in Kenya.”
  • 2017: Mwangi Eratus Muchira (MBA finance).”Capital Structure and Financial Performance of listed Companies at the NSE  Market: a case of Commercial banks in Kenya.”
  • 2016: Mbajo Daniel Mutiria (MBA finance). “Effect of Financial Reforms on Efficiency of Public Sector Financial Management in Meru County , Kenya.”
  • Evah Nyawira Mwai (2017). ”The Relationship between Capital requirements on Financial Performance of Commercial Banks in Kenya”
  • Nganyi Muyela Silas (2016). Determinates of Government Expenditure on Public Flagship Projects in Kenya
  • Chen Nengwu (2016). Foreign Exchange Risk Management Practices and Financial Performance of Chinese owned Enterprises operating in Kenya.
  • Mourine A. Agunga.(2016). Effect of Financial Literacy on Financial Preparedness for Retirement among Permanent and Pensionable Employees in State owned Corporations in Nairobi, Kenya
  • Wesonga Brono Evans.(2016).The Impact of Political risk on Stock Market Returns in Kenya; A case study of Nairobi Securities Exchange.
  • Tuigong Wilson Kibet (2015) “An Investigation into the Effects of Dividend Policy on Share Price of Firms Listed at the Nairobi Securities Exchange, Kenya.”
  • Kavoya, J. Musyoka (2015) “The Effect of Market Structure on Level of Non-Performing Loans among Commercial Banks in Kenya.”
  • Maubi Andrew Mokaya (2014) “Corporate Loan Portfolio Diversification and Credit risk Management among Commercial Banks in Kenya.”
  • Mark M. Suva (2013). “The effect of integration on investment portfolio diversification in east African stock exchanges