The Kenya Development Corporation (KDC) has announced the appointment of Dr. Sakwa Bunyasi as Chairman of the KDC Board and Ms Norah Buyaki Ratemo as the Director General.
Dr. Bunyasi brings a wealth of expertise and experience from both public and the private sectors. He has a proven record as an exceptional leader with a visionary approach and dedication to economic development, which align with KDC’s strategic goals.
“I am deeply honoured to assume the role of the Chairman of the Board at KDC,” said Dr. Bunyasi. “I look forward to working closely with the board members and the dedicated team at the Corporation to ensure we achieve our objectives and help the country’s growth in manufacturing, increase exports and attract foreign direct investments.”
Ms Norah Ratemo, for her part, has over 15 years of experience in credit risk Management having formerly worked in various institutions including, Ecobank Kenya, Sidian Bank, and Tourism Finance Corporation. Ms. Ratemo holds a Master’s degree in Business Administration, with finance option from Jomo Kenyatta University of Agriculture and Technology and a Bachelor of Commerce with an accounting option.
She is also a Certified Public Accountant and a member of the Institute of Certified Public Accountants of Kenya (ICPAK) and the Institute of Certified Investment Financial Analysts (ICIFA).
“I am delighted to take up this exciting challenge as the Director General of the Kenya Development Corporation. I take on this role with critical awareness of the challenges and opportunities that lie ahead,” Ms. Ratemo said.
“We have an opportunity to build a world class organization that is fit for purpose to support the government on Bottom up Economic Transformation Agenda in partnership with various developmental partners and our Ministry of Investment, Trade and Industry and KDC Board,” she added.
The government, in addition, appointed new members to the Board namely; Ms. Faith Mwaura, Ms. Sigee Koech, Ms. Caroline Muigai, and Mr. Benjamin Muketha. They join Principal Secretary Abubakar Hassan Abubakar, State Department for Investments promotion, Ministry of Investments Trade and Industry, Michael A. Kahika, alternate Director to the Cabinet Secretary National Treasury and Planning and Judith Kerich. Together they bring a wealth of diverse skills and industry experience.
KDC’s mandate is to promote sustainable economic development by providing development finance, infrastructure finance, business support and advisory services to medium and large-scale industries, infrastructure projects, and commercial undertakings in target sectors in Kenya and elsewhere.