Board Of Directors


Hon Dr. Bunyasi was appointed as the Chairman of the Corporation’s Board on 23rd June 2023.

He brings with him a wealth of experience having worked with the World Bank in various capacities as Principal Economist & Portfolio Manager in South Asia.  He also worked with the African Development Bank as Principal Economist.  He holds a Doctorate in Economics and Public Policy from the George Washington University, USA, Master of Science (Agricultural Economics) from the University of Nairobi and BA (Economics) from the University of Nairobi.

He was a Member of Parliament for ten (10) years (2013 – 2022) representing Nambale Constituency, Busia County.

He has served on Boards of various companies and is the immediate former Chairman, Kenya Vision 2030 Delivery Board. 


Director General Kenya Development Corporation (KDC)

Ms. Norah Buyaki Ratemo is the Director General and Board Member of Kenya Development Corporation (KDC). She was appointed on 4th July 2023.

Ms. Ratemo’s previous role at KDC was Director, Investments. She has over 15 years’ experience in Credit Risk Management having worked at Ecobank Kenya as a Credit Analyst, and before then, was engaged as Assistant Manager, Securities and Documentation with Sidian bank.

Her specialties are in Risk Management, Credit Assessment, Accounting and Finance. She is also well versed in Strategic Leadership, Project Management, Corporate Governance, Communication, Teamwork and Client relations. She currently serves on the Board of Kenya Wines Agencies as Member.

Ms. Ratemo holds a Master’s degree in Business Administration Finance option from Jomo Kenyatta University of Agriculture and Technology (JKUAT) and a Bachelor of Commerce (B.Com.) Accounting option.

She is a Certified Public Accountant, CPA (K) and a Member of the Institute of Certified Public Accountants (ICPAK) and the Institute of Certified Investment Financial Analysts (ICIFA).

Ms. Ratemo is into Philanthropy and has deep passion on issues on Climate Change, Green Energy and Sustainable Development.


Ms Kerich was appointed a director to KDC Board on 17th May 2021

She has a wide experience spanning over 25 years in Public and Private Sector. She is the Deputy Project Coordinator (Strategy and Policy Guidance) with World Bank, Kenya, providing strategic guidance, insights and perspectives at senior leadership level. Previously she has served as Director Corporate Service with National Transport & Safety Authority, Manager Human Resources Services, Kenya Airport Authority and Human Resources Officer at Jomo Kenyatta International Airport.

She also serves at executive board committees, oversight committees and senior leadership teams working in complex multi-stakeholder environment with accountability the public sector the Government of Kenya, private corporations, NGOs and communities.

Ms Kerich, holds Masters degree in Public Policy and Management from Strathmore Business School, a Masters of Business Administration Strategic Management both from Strathmore Business School and Bachelor of Commerce degree from Catholic University of Eastern Africa (CUEA)



Faith Mwaura, Entrepreneur in Real Estate and Marketer

Ms Mwaura was appointed a Director to KDC Board on 16th June 2023.

Faith Mwaura is a Passionate International Award Winning Entrepreneur with a keen interest in Developing Superior Affordable Housing and Communities. She was awarded the Best Female Real Estate Developer by KNCCI Women in Business 2019, Best Woman in Business Excellence by the Women Economic Forum in Amsterdam 2018 among other achievements.

She is the Managing Director at IHL a position she has held for the past 10 years and has spearheaded its dynamic growth from a small agency to a medium sized company and expanded its clientele into the Diaspora market in partnership with the Ministry of Foreign Affairs in a bid to attract the Diaspora remittances into investments locally. She has over Fifteen Years Experience in Real Estate and is very deliberate to make a positive impact in everything she does and adding value. She loves nurturing the Environment and founded a Tree Planting initiative named Miti Millioni that has planted more than 100,000 trees across the Country.

Faith is a graduate student at Heriot Watt University Scotland in Master of Science Real Estate Management and Development and a Bachelor of Commerce with Majors in Marketing and Business Development and Management from Daystar University. She is a Young African Leadership Initiative (YALI) Fellow. A member of Marketing Society of Kenya, Kenya National Chamber of Commerce and Industry, a Committee member of Kenya Property Developers Association and a Board Member of Care for A Child’s Heart that fundraises for heart surgeries for needy children with congenital heart diseases. Faith is keen on making meaningful relationships, mentorship and charity work which she engages in when not spending time with her family. She carries out numerous charitable activities at her local community mostly reaching out to children in need and social work for women groups.

She is also interested in matters of National Interest and is the current Vice Treasurer at Centre for MultiParty Democracy (CMD) which is an organization that provides a platform of dialogue to build consensus on important National Development issues between Citizens, Civil Societies and Political Parties.

She is involved in other Businesses in the sectors of Agriculture, Health and Manufacturing which are all involved in the use of Information Technology to foster innovation and efficiency.


Sigee Koech was appointed to the Board of KDC on 23 June 2023.

Sigee is an advocate of the High Court of Kenya of 11 years standing holding a Bachelor of Laws (LL. B Upper Class Hons) from Moi University and a Master of Laws (LL.M) (International Laws) from the University of Pittsburgh, USA.

She is a seasoned legal professional with over 14 years of experience in practice. She is a Partner in the law firm of Dentons Hamilton Harrison & Mathews Advocates specializing in banking and finance and has been ranked by various international legal directories as one of Kenya’s leading lawyers in banking and finance law. Sigee also significant experience in real estate/conveyancing law where she advices real estate developers and in general corporate commercial law with a bias in business set-up in Kenya and advising on continuing corporate governance matters.

In addition to her legal practice, Sigee is passionate about education and ESG matters. She has served as a director of Kenya Hotel Properties Limited and is a member of the Law Society of Kenya.


Ms Muigai was appointed a director to the Board of KDC on 23 June 2023

Ms Muigai, holds Masters degree in Educational Leadership & Performance Management, Middlesex University, Trent Park, London and BSc in International Business Administration, USIU, Nairobi.

She has over 20 years’ experience in Insurance, real Estate & Education.  She serves as a Marketing Director at Muigai Commercial Agencies Ltd, a renowned real estate company in Kenya with Branches in Nairobi and Nakuru.  She manages Carol Academy & Junior Secondary School together with Rongai Teachers Training College.  She is in charge of all institutions operations and has perfected her skills in leadership, policy formulation, budget and staff administration among other skills.


Mr. Muketha was appointed Director to the board of KDC on 30th June 2023.

Muketha is a commercial banking executive with over 30 years’ experience. He has worked in leading commercial banks in Kenya and the Africa region. He brings wealth of knowledge and experience in leadership, business development, credit risk management and information technology. Muketha is credited with leading successful initiatives in business growth and operational transformation across several countries in Africa.

Muketha has served on the boards of Egerton University Council and Meru County microfinance Corporation. He is currently the Managing Director / CEO of a regional bank based in Kigali Rwanda.

Muketha holds Master’s degree in Business Administration from Strathmore University and Bachelor’s degree from University of Nairobi.  He is also accredited member of Centre for Corporate Governance in Kenya

Muketha is passionate about business growth and improving lives. He is currently leading projects in agriculture and education sectors.


Mr. Kagika was appointed a Director to KDC Board on 1st August 2022.

 He is a certified Trustee having accumulated over thirty (30) years of progressive experience in leadership and management in the Public Service. His tour of duty has seen him work as a District Commissioner (DC), Chief Executive Officer of the Rent Tribunal, Administrator in the Ministry of Public Works and Housing, Social Secretary and Administrator at both State House and the Cabinet Office and Chief Executive Officer and Secretary of the Constitutional Power of Mercy Advisory Committee.

Mr. Kagika is the Pensions Secretary / Director of Pensions and also serves as a Board Member in; The Kenyatta National Hospital, The Public Service Superannuation Scheme and the Kenya National Entrepreneurs Savings Trust (KNEST).

He holds a Bachelors Degree in Public Administration, Master in Public Administration degree and an array of Diplomas and certifications in Management from both local and foreign institutions including Kenya School of Government (Kabete), Entrepreneurial Development Institute of India (India), East and Southern African Management Institute (ESAMI) Tanzania, Civil Defence Academy (Singapore) and Centre of Excellence for Stability Police Units (Italy).

In the year 2017, Mr. Kagika was honoured with the award of the Order of the Elder of Burning Spear (EBS) in recognition of his distinguished public service.


Mr. Abubakar Hassan Abubakar – Principal Secretary, State Department for Investment Promotion, Ministry of Investments, Trade & Industry.

Mr. Abubakar was appointed a director to KDC Board on 18th January 2023.

Abubakar Hassan is a holder of Masters in Financial Services Law (Project ongoing), Masters of Business Administration (Strategic Management) and Bachelor’s Degree in Law all from the University of Nairobi. He is an Advocate of the High Court of Kenya, Certified Public Accountant, Certified Public Secretary, Certified Fraud Examiner, Certified Investment & Financial Analysts and holds a Certification in the Management of Banking Risks. He is a member of the following professional bodies; Law Society of Kenya (LSK), Institute of Certified Public Secretaries of Kenya (ICPSK), and Institute of Certified, Investment and Financial Analysts (ICIFA).

From his background in law, finance and investment, he has wide experience in facilitating and mobilization of capital, allocation of the said capital into productive areas of the economy and protection of the investors’ interests.

Prior to appointment as Principal Secretary in December, 2022, he was the Director Market Operations at Capital Market Authority. He was in charge of market oversight and investors’ confidence.

Abubakar is committed to steer upwards investments (both Foreign and Domestic) into the Kenyan economy.


Mrs. Grace Magunga is the Director Legal Services and Corporation Secretary.

She is the Legal advisor to the Corporation and has vast experience spanning over 25 years in Corporate & Commercial law, Property law, Employment law, Litigation & dispute Resolution and Governance. She has served as Company Secretary in various Board that include Industrial and Commercial Development Corporation (ICDC), Almasi Beverages Limited – Group of Companys, Funguo Investments Limited (FIL), Kenya National Trading Company (KNTC) Limited, Freshpick Processors (EPZ) Limited, Mountain Lodges Limited and Focus Container Freight Station Ltd.

Mrs. Magunga holds a Master of Science degree, Human Resource Management from Jomo Kenyatta University of Agriculture and Technology and a Bachelor of Law degree from the University of Nairobi. She has a Diploma in Legal Practice and is a Certified Public Secretary (CPS K).

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