Executive Committee


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. Faith Nene is the Director Strategy, Research, Policy and Innovation at KDC.

She has significant knowledge and expertise in the fields of HR, Strategy and Policy formulation gained over a period of two decades, with over sixteen years being at Senior Management level. She has extensive Board Room experience having served on the Boards of Kenya Wines Agencies Ltd (KWAL), Mount Kenya Bottlers, Uchumi Supermarkets, Funguo Registrars, Njimia Kenya Limited (a pharmaceutical company) currently serving on the Board of Isuzu East Africa, Agro Processing & Food Company and Mountain Lodge limited.

Ms. Faith holds a Master of Science Degree in Human Resource Management from the University of Manchester, UK and a Bachelor of Arts degree from the University of Nairobi. She is a certified Executive Coach from the Academy of Executive Coaching, UK. She is a member of the Institute of Human Resource Management (IHRM) and the Kenya Institute of Management.


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).


Ms. Patricia N. Gachungi is the Manager, Supply Chain Management at Kenya Development Corporation.

She has solid experience in Supply Chain Management, with rich knowledge and understanding in Public Procurement and Logistics. Prior to joining KDC, she was the Head of Procurement at Tourism Finance Corporation. She has also worked at the Public Procurement Regulatory Authority in the Compliance Department.

Ms. Patricia holds a Master of Science Degree in Procurement and Logistics from the Jomo Kenyatta University of Science and Technology (JKUAT) and a Bachelor of Commerce Degree, Business Administration Option from Strathmore University. She also holds Graduate Diploma from The Chartered Institute of Procurement and Supply, United Kingdom. She is a Fellow of the Chartered Institute of Procurement and Supply (FCIPS-UK) and a Licensed Member of the Kenya Institute of Supplies Management (MKISM).



Mr. Herman Gacugi is the Manager, Risk Management and Compliance.

He has over 15 years’ experience in Financial and Commercial Services, with profound involvement in automated processes, e-commerce, corporate governance, enterprise risk management, financial services regulatory and policy frameworks, accounting, external and internal audit processes.

Prior to joining KDC, he was the audit manager ICDC. He also served at Davis & Shirtliff as a Management Accountant, supporting its East African subsidiaries and in middle and senior management positions at Chase Bank and Commercial Bank of Africa.

Mr. Gacugi holds a Master of Science degree in Information Communications Technology (ICT) from Jomo Kenyatta University of Science and Technology (JKUAT) and a Bachelor of Commerce degree in accounting from Egerton University, he is an Alumni of Strathmore Business School Senior leadership program. He is also a Certified Public Accountant (CPAK) and a Certified Information Systems Auditor (CISA).


Skip to content