Wycliffe Nduga Ouma

Graduate Assistan

Wycliffe Nduga Ouma is a Ph.D. candidate and a Research Assistant at the Wits Business School, University of the Witwatersrand Johannesburg. Mr. Nduga has passion for research and Consultancy in the areas of Financial Markets, Financial Risk Modelling, Investments and International Trade. Mr. Nduga has worked as a Research Associate with the Kenya School of Monetary Studies, a Central Bank of Kenya Research Institute mainly concerned with the Monetary Policy, Exchange Rates Movements, and Balance of Payments.Mr. Nduga has also consulted and conducted trainings on Financial Markets and Investments for Organizations such as Knight Frank Commercial and Residential Properties, Kenya. He was part of the broad team that conducted research and wrote the Integrated Economic and Development Plan (Document) for the Turkana County, a regional government authority in Kenya. For the better part of 2017, Mr. Nduga consulted in Finance and Accounts Department for the Italian Chamber of Trade and Industry, Johannesburg. Currently, alongside the PhD dissertation, Mr. Nduga is assisting in Teaching and Facilitation of the Financial Investments Decisions for the MBA students, Finance and Accounting, Financial Risk Management, Research on the Connection Between Finance and Corporate Philanthropy, and advising on research and classwork for MBA and master’s Students at the Wits Business School. Publications
  1. Ouma, W. N., & Muriu, P. (2014). The impact of macroeconomic variables on stock market returns in Kenya. International Journal of Business and Commerce, 3(11), 1-31.
Conference Presentations
  1. Wycliffe N Ouma – University of Witwatersrand; “Asset pricing in developing equity markets” 2016 global development finance conference, Durban.
  1. Wycliffe Nduga Ouma- Wits Business School. Is South African volatility index priced into the Southern Africa stock indices? 2017 African Review of Economics and Finance Conference at Ghana Institute of Management and Public Administration (GIMPA) Business School Accra, Ghana.
Papers Under Review awaiting Publication
  1. Enhanced indexation of South African equities; Adaptive LASSO Approach
  2. Macro Fundamentals Approach to Asset Pricing in Frontier Stock Markets.
  3. Exchange Rates Volatility and Performance of Heavy Commodity-Linked Firms in South Africa.


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