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).
Mr. Dominic Ndewa is the Deputy Director, Strategy, Planning and Performance Management.
He has over 25 years of practical experience spanning from public sector to financial and commercial services enterprises. Before joining KDC, he was the Head of Investments at Tourism Finance Corporation (TFC). Prior to joining TFC, he also served at The National Treasury, then Ministry of Finance, as Principal Economist. He has further worked as Counterpart to the Privatization Adviser at Bank Restructuring and Privatization Project, a World Bank Project.
Mr. Ndewa holds a Masters Degree in Economic Policy Management and a Bachelor of Arts Degree in Economics all of them from the University of Nairobi. He is also a Certified Public Accountant (CPAK) and a Certified Investments and Financial Analysts (CIFA) and he is a member of ICPAK and ICIFA. Mr. Ndewa has attended many managerial short-term courses both locally and internationally.
Mr. Kennedy M. Wanderi is the Ag. Director Corporate Services and Deputy Director, Finance and Accounts.
He has wide experience spanning over 30 years in accounting, financial and investments management as well as strategy formulation and execution gained mostly at ICDC. He served as the Finance Manager at ICDC from May 2014 to June 2021. He also served as the Ag. Investment Manager between April 2019 and August 2020 and previously as the Ag. Executive Director from July 2015 to June 2018.
He has served on the Board of Directors of various companies including Centum Investments PLC, Isuzu East Africa Ltd, Almasi Beverages Limited, Kenya Wine Agencies Ltd and Development Bank of Kenya Ltd. He is currently a member of the Board of Directors of Minet Kenya Insurance Brokers Limited and Uchumi Supermarkets Limited.
Mr. Kennedy holds a Master of Business Administration degree in Finance and Banking, and a Bachelor of Business Management degree from Moi University. He is a Certified Public Accountant.
Ms. Mbatha is the Deputy Director Research Policy & Innovation since 1st October 2023.
Prior to this appointment, she was the Deputy Director Partnerships and Resource Mobilization, a position she held from July 2021 to September 2023. From 1st July 2017 to June 2021 she was ICDC’s Marketing Manager and previously held the position of Chief Manager Operations in the same institution from 1st September 2009 to 30th June 2017.
She has a solid background in Finance, Banking and Investment having worked in middle and senior management positions in five commercial banks with her last position being Head of Credit at Family Bank Ltd. She serves on the Boards of International Hotels Kenya Ltd (Hilton Hotel) and Agro Chemical & Food Company Ltd.
Ms. Mbithi is an alumnus of the Strathmore/IESE Business Schools Advanced Management Program 2013. She holds a Master in Business Administration degree in Strategic Management from Moi University and a Bachelor of Science Degree in International Business Administration from the United States International University. Mbatha is a member of the Kenya Institute of Management and the Chartered Institute of Marketers.
Mrs. Misoi is the Deputy director, Human Resource and Administration.
She has over 20 years of experience in the Human resources field, serving as an HR Generalist. During this period, she was involved in establishing the Human Resource Department at KCA University, HR Strategic Planning and streamlining all HR functions for the over 350 staff of the organization. She was also involved in Industrial Relations at National Oil Corporation where she served as HR and Administration Manager.
Mrs. Misoi is passionate about supporting individuals in the development and self-management of their working and academic lives, both in her professional and private capacity. She is a member of the Board of Management at Chebara Girls’ Secondary School, Elgeyo Marakwet County.
Mrs. Misoi holds an MBA from the University of Salford in the UK, a Bachelor of Arts degree in Sociology and Literature from Kenyatta University and a Diploma in PR and Personnel Management. She is a full member of the Institute of Human Resource Management (IHRM) and Kenya Institute of Management (KIM).
Andrew A. Wanga is the Manager, Internal Audit (MIA) in the Internal Audit Department.
He has nineteen (19) years of experience in accounting and audit profession with passion to excel in people networking, leadership, management, business risk management, corporate governance, information systems control and compliance.
Andrew has practical finance and auditing experience at Total Kenya and AFC with broad-based business skills and managerial competencies in a rewarding financial management, credit portfolio management, financial systems implementation and people management career. Previously he worked at Total Oil Kenya for almost two years in the Finance Department prior to joining AFC.
Mr. Wanga holds a Master of Global Food & Agriculture Business from the University of Adelaide in Australia and a Bachelors degree in Commerce from The Catholic University of Eastern Africa (CUEA) in Nairobi, Kenya. He is a Certified Information Systems Auditor (CISA) and a Certified Information Security Manager (CISM) Finalist having studied at The Strathmore University, Nairobi.
Mr. Andrew Wanga is also a qualified ISO Lead Internal Auditor – ISO 9001:2015 (QMS) System Requirements & Documentation with proficiency and hands-on experience and working knowledge of various ICT operating systems and their implementation.
Mrs. Judith Omachar is the Deputy Director Business Development and Advisory.
She has over 20 years experience in investments including deal origination, appraisal and portfolio management gained at IDB Capital Limited where she was working as the Manager Credit.
Mrs Omachar holds a Bachelor of Commerce degree (Accounting Option) from the University of Nairobi and is a Certified Public Accountant (CPA-K) and is a member of ICPAK.
Mr. Richard Limo is the Deputy Director ICT.
He is a dedicated and professional technology expert with over 10 years of experience in ICT within the Banking and Higher Education sectors. He previously worked as ICT Manager at IDB capital, Lecturer of Information Science, Information Technology and Computer Science at Moi University and the University of Eldoret, Corporate Relationship Manager and Senior credit officer at Corporative Bank of Kenya.
Mr. Limo holds an M.Sc. Degree in Information Technology (Business Intelligence) from Strathmore University and a B.Sc. Degree in Information Technology from Jomo Kenyatta University of Agriculture and Technology (JKUAT). He is a professional member at ICTA, CSK and ISACA.
Mr. Erastus is the Deputy director, Portfolio management.
He is responsible for managing equities and loans portfolio with a view to maximizing returns and mitigating risks and achieve corporate objectives.
Prior to this, he was the Chief of Credit at IDB Capital Ltd where he was in charge of Credit Management. Before joining IDB Capital Ltd, Erastus was a Senior Credit Manager at Equity Bank in Rwanda. He has previously held the roles of Senior Credit Analyst at Housing Finance, Credit Analyst at GT Bank Ltd (Formerly Fina Bank), Relations officer at Afrika Investment bank (AIB) as well as a part time lecturer at various institutions within Nairobi.
He is an experienced finance expert with a demonstrated history in the financial services sector. He has hands on experience on Credit Risk Management, Portfolio Management, Relationship Management, Business Development, Credit Analysis and Banking in general.
Mr. Erastus holds a Master’s degree in Financial Economics as well as a Bachelor’s Degree with specialization in Mathematics and Economics. He is a member of the Economist Association of Kenya.
Mr. John Karia is the Deputy Director Legal Services.
He is a seasoned legal and governance professional with wide and varied experience gained in the financial services industry and has previously worked for Kenindia Assurance Co. Ltd, Laptrust/CPF Group and Tourism Finance Corporation where he was the Head of Legal Services and Corporation Secretary.
Mr. Karia is an Advocate of the High Court of Kenya and a Certified Secretary. He is an active Member of the Law Society of Kenya, the Institute of Certified Public Secretaries of Kenya and an Associate Member of the Chartered Institute of Arbitrators (Kenya Branch). He holds a Master’s degree in Law (LLM) from the University of Exeter (UK), a Postgraduate Diploma in Law from the Kenya School of Law and a Bachelor of Laws degree (LLB) from University of Nairobi.
Mrs. Anne Gitau is the Deputy Director Debt Management.
She has over 30 years’ experience in finance and accounting gained while working at IDB Capital Ltd where she rose through the ranks to the position of Manager Finance and Accounts.
She is a holder of a Bachelor of Commerce Degree (Accounting Option) from the University of Nairobi and is a Certified Public Accountant and Secretary, (CPA-K, CPS– K) and is a member of ICPAK
Andrew A. Wanga is the Manager, Internal Audit (MIA) in the Internal Audit Department.
He has nineteen (19) years of experience in accounting and audit profession with passion to excel in people networking, leadership, management, business risk management, corporate governance, information systems control and compliance.
Andrew has practical finance and auditing experience at Total Kenya and AFC with broad-based business skills and managerial competencies in a rewarding financial management, credit portfolio management, financial systems implementation and people management career. Previously he worked at Total Oil Kenya for almost two years in the Finance Department prior to joining AFC.
Mr. Wanga holds a Master of Global Food & Agriculture Business from the University of Adelaide in Australia and a Bachelors degree in Commerce from The Catholic University of Eastern Africa (CUEA) in Nairobi, Kenya. He is a Certified Information Systems Auditor (CISA) and a Certified Information Security Manager (CISM) Finalist having studied at The Strathmore University, Nairobi.
Mr. Andrew Wanga is also a qualified ISO Lead Internal Auditor – ISO 9001:2015 (QMS) System Requirements & Documentation with proficiency and hands-on experience and working knowledge of various ICT operating systems and their implementation.
Mrs. Anne Gitau is the Deputy Director Debt Management.
She has over 30 years’ experience in finance and accounting gained while working at IDB Capital Ltd where she rose through the ranks to the position of Manager Finance and Accounts.
She is a holder of a Bachelor of Commerce Degree (Accounting Option) from the University of Nairobi and is a Certified Public Accountant and Secretary, (CPA-K, CPS– K) and is a member of ICPAK
Mr. Dominic Ndewa is the Deputy Director, Strategy, Planning and Performance Management.
He has over 25 years of practical experience spanning from public sector to financial and commercial services enterprises. Before joining KDC, he was the Head of Investments at Tourism Finance Corporation (TFC). Prior to joining TFC, he also served at The National Treasury, then Ministry of Finance, as Principal Economist. He has further worked as Counterpart to the Privatization Adviser at Bank Restructuring and Privatization Project, a World Bank Project.
Mr. Ndewa holds a Masters Degree in Economic Policy Management and a Bachelor of Arts Degree in Economics all of them from the University of Nairobi. He is also a Certified Public Accountant (CPAK) and a Certified Investments and Financial Analysts (CIFA) and he is a member of ICPAK and ICIFA. Mr. Ndewa has attended many managerial short-term courses both locally and internationally.
Mr. Kennedy M. Wanderi is the Ag. Director Corporate Services and Deputy Director, Finance and Accounts.
He has wide experience spanning over 30 years in accounting, financial and investments management as well as strategy formulation and execution gained mostly at ICDC. He served as the Finance Manager at ICDC from May 2014 to June 2021. He also served as the Ag. Investment Manager between April 2019 and August 2020 and previously as the Ag. Executive Director from July 2015 to June 2018.
He has served on the Board of Directors of various companies including Centum Investments PLC, Isuzu East Africa Ltd, Almasi Beverages Limited, Kenya Wine Agencies Ltd and Development Bank of Kenya Ltd. He is currently a member of the Board of Directors of Minet Kenya Insurance Brokers Limited and Uchumi Supermarkets Limited.
Mr. Kennedy holds a Master of Business Administration degree in Finance and Banking, and a Bachelor of Business Management degree from Moi University. He is a Certified Public Accountant.
Ms. Mbatha is the Deputy Director Research Policy & Innovation since 1st October 2023.
Prior to this appointment, she was the Deputy Director Partnerships and Resource Mobilization, a position she held from July 2021 to September 2023. From 1st July 2017 to June 2021 she was ICDC’s Marketing Manager and previously held the position of Chief Manager Operations in the same institution from 1st September 2009 to 30th June 2017.
She has a solid background in Finance, Banking and Investment having worked in middle and senior management positions in five commercial banks with her last position being Head of Credit at Family Bank Ltd. She serves on the Boards of International Hotels Kenya Ltd (Hilton Hotel) and Agro Chemical & Food Company Ltd.
Ms. Mbithi is an alumnus of the Strathmore/IESE Business Schools Advanced Management Program 2013. She holds a Master in Business Administration degree in Strategic Management from Moi University and a Bachelor of Science Degree in International Business Administration from the United States International University. Mbatha is a member of the Kenya Institute of Management and the Chartered Institute of Marketers.
Mrs. Misoi is the Deputy director, Human Resource and Administration.
She has over 20 years of experience in the Human resources field, serving as an HR Generalist. During this period, she was involved in establishing the Human Resource Department at KCA University, HR Strategic Planning and streamlining all HR functions for the over 350 staff of the organization. She was also involved in Industrial Relations at National Oil Corporation where she served as HR and Administration Manager.
Mrs. Misoi is passionate about supporting individuals in the development and self-management of their working and academic lives, both in her professional and private capacity. She is a member of the Board of Management at Chebara Girls’ Secondary School, Elgeyo Marakwet County.
Mrs. Misoi holds an MBA from the University of Salford in the UK, a Bachelor of Arts degree in Sociology and Literature from Kenyatta University and a Diploma in PR and Personnel Management. She is a full member of the Institute of Human Resource Management (IHRM) and Kenya Institute of Management (KIM).
Mrs. Judith Omachar is the Deputy Director Business Development and Advisory.
She has over 20 years experience in investments including deal origination, appraisal and portfolio management gained at IDB Capital Limited where she was working as the Manager Credit.
Mrs Omachar holds a Bachelor of Commerce degree (Accounting Option) from the University of Nairobi and is a Certified Public Accountant (CPA-K) and is a member of ICPAK.
Mr. Erastus is the Deputy director, Portfolio management.
He is responsible for managing equities and loans portfolio with a view to maximizing returns and mitigating risks and achieve corporate objectives.
Prior to this, he was the Chief of Credit at IDB Capital Ltd where he was in charge of Credit Management. Before joining IDB Capital Ltd, Erastus was a Senior Credit Manager at Equity Bank in Rwanda. He has previously held the roles of Senior Credit Analyst at Housing Finance, Credit Analyst at GT Bank Ltd (Formerly Fina Bank), Relations officer at Afrika Investment bank (AIB) as well as a part time lecturer at various institutions within Nairobi.
He is an experienced finance expert with a demonstrated history in the financial services sector. He has hands on experience on Credit Risk Management, Portfolio Management, Relationship Management, Business Development, Credit Analysis and Banking in general.
Mr. Erastus holds a Master’s degree in Financial Economics as well as a Bachelor’s Degree with specialization in Mathematics and Economics. He is a member of the Economist Association of Kenya.
Mr. Richard Limo is the Deputy Director ICT.
He is a dedicated and professional technology expert with over 10 years of experience in ICT within the Banking and Higher Education sectors. He previously worked as ICT Manager at IDB capital, Lecturer of Information Science, Information Technology and Computer Science at Moi University and the University of Eldoret, Corporate Relationship Manager and Senior credit officer at Corporative Bank of Kenya.
Mr. Limo holds an M.Sc. Degree in Information Technology (Business Intelligence) from Strathmore University and a B.Sc. Degree in Information Technology from Jomo Kenyatta University of Agriculture and Technology (JKUAT). He is a professional member at ICTA, CSK and ISACA.
Mr. John Karia is the Deputy Director Legal Services.
He is a seasoned legal and governance professional with wide and varied experience gained in the financial services industry and has previously worked for Kenindia Assurance Co. Ltd, Laptrust/CPF Group and Tourism Finance Corporation where he was the Head of Legal Services and Corporation Secretary.
Mr. Karia is an Advocate of the High Court of Kenya and a Certified Secretary. He is an active Member of the Law Society of Kenya, the Institute of Certified Public Secretaries of Kenya and an Associate Member of the Chartered Institute of Arbitrators (Kenya Branch). He holds a Master’s degree in Law (LLM) from the University of Exeter (UK), a Postgraduate Diploma in Law from the Kenya School of Law and a Bachelor of Laws degree (LLB) from University of Nairobi.
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).