Prof. Barako is currently, Director, Financial and Sectoral Affairs Department at the National Treasury. He works at the Central Bank of Kenya and served as Head of Academic Division at the Kenya School of Monetary Studies (KSMS). He taught at Curtin University (Australia), Strathmore University and Moi University through the postgraduate collaborative programs at KSMS. He also served as Policy Advisor at the Commission on Revenue Allocation. At the Central Bank of Kenya, he worked in various Departments: Banking, Bank Supervision and Research.
He completed his PhD study at the University of Western Australia in 2005, and Bachelor of Commerce (1993) and Master of Business Administration (1996) Degrees at the University of Nairobi. He has co-supervised a number of PhD students and supervised several masters’ research students. He has examined several postgraduate theses. He also served as external examiner for Curtin University, Australia (Curtin Business School) and Strathmore University, Kenya (Strathmore Business School). He served as Adjunct Professor at Curtin University, School of Business; Moi University, Associate Professor, School of Business and Economics, and Adjunct Professor at the KCA University.
He is a member of the Institute of Public Accountants, Australia as well as the Accounting and Finance Association of Australia and New Zealand (AFAANZ). He is also a practicing member of the Institute of Chartered Investment and Financial Analysts of Kenya (ICIFA). He served in various boards: Chairman of Council, Dedan Kimathi University of Technology; Chairman of Council, Meru University of Science and Technology; Treasurer of Council, Moi University; and board member, Agricultural Finance Corporation.