Board Of Directors

Chairman

Richard Kiplagat

Richard Kiplagat is the Chief Operating Officer at Africapractice, a Pan African Strategic Communications Advisory group. He leads Africapractice operations across our group offices in London, Dar es Salaam, Perth, Casablanca, Johannesburg, Lagos, and Nairobi.
Prior to joining the Africapractice, Richard was the Head of Global Strategic Alliances at Microsoft Africa for five years and was responsible for managing Microsoft’s strategic engagements with development partners and inter-governmental organisations across 47 countries in sub- Saharan Africa and the Indian Ocean islands. While at Microsoft, Kiplagat was instrumental in establishing Microsoft’s partnership with The African Union, (AU), African Development Bank (AfDB), United Nations Economic Commission for Africa (UNECA), Economic Community of West African States (ECOWAS), World Bank and the East African Community (EAC) among other to increase access to technology across the continent.
Richard is currently the Chairman of The Warren Foundation and Jamii Bora Bank and a Director at Brand Africa and Akiba Group of Schools. He has previously served as a director on several boards including Kenya ICT Federation, the Kenya ICT Board, Kenya Youth Business Trust and Kenya National Chamber of Commerce.
He studied economics and political science at the University of Toronto Canada, with a focus on the economics of development.
He was reappointed as member and Chairman of the Board on July 6, 2022.

Cabinet Secretary - NT

Prof. Njuguna Ndung’u

Prof. Njuguna Ndung’u is the Cabinet Secretary, National Treasury & Economic Planning. He was appointed Cabinet Secretary by President William Samoei Ruto on September 27, 2022. Prior to the current appointment, Prof. Ndung’u was serving as the Executive Director of the African Economic Research Consortium (AERC), a Pan African premier capacity building network of researchers, trainers, students, universities, policy makers and international resource persons. He is an associate professor of economics at the University of Nairobi, Kenya and the immediate former Governor, Central Bank of Kenya.

Prof. Ndung’u has been a member of the Global Advisory Council of the World Economic Forum, Visiting Fellow of Practice at Blavatnik School of Government, Oxford University, Director of Training at AERC, Program specialist at IDRC and Team Leader in Macro-modelling at the Kenya Institute for Public Policy Research and Analysis. He holds a PhD in economics from University of Gothenburg, Sweden. He is a Member of Brookings Africa Growth Initiative, Member of the Advisory Committee of the Alliance for Financial Inclusion, that coordinates financial inclusion policies in Africa, Asia and Latin America, and Senior Advisor for the UNCDF-based Better Than Cash Alliance.

Director

Daniel Mutua

Daniel Mutua is a Deputy Director, Investment at the National Treasury. He alternates the Cabinet Secretary, the National Treasury at the Board. He has over 23 year’s Public sector experience in various Ministries including – Ministry of Labour, National Heritage, and the National Treasury – Directorate of portfolio management. Intensive training in Investment appraisal, Enterprise Risk analysis, Corporate Governance, and Public-Private Partnerships. Mutua holds a B.Ed. (Economics/ Business) from Kenyatta University (1991), MBA from ESAMI/Maastricht (2006) and several certificates from IP3 Institute, Washington DC-USA.

Director

Mr. Peter N. Kanyua

Peter Ng’ang’a Kanyua is an accomplished business leader in Kenya and USA markets, running into insurance, security exchange, real estate, IT, security and betting. He began his career as an Investment Consultant in the commodities and derivatives market at the New York Stock Exchange (NYSE), National Association of Stock Dealers Association (NASDAQ) and the Chicago Board of Exchange (CBOE). With 18 years of experience, Peter has held several senior positions at John Power Ltd, EBET (K) Limited, Energy Tech Africa Limited, among others. He is a lead consultant at Gaming Solutions Company. Peter holds a Liberal Arts degree from the Baruch College, the City University of New York majoring in Finance and Economics. He joined the Board on September 20, 2018.He was reappointed on October 6, 2021

Mr. Mwai wa Kihu

Mwai wa Kihu is an Investment and Management consultant. He has a wealth of experience in Group Savings and
Investment Management, Capital Markets Investments and Portfolio Management. For over 20 years, he has
assisted people to form and manage investment groups to mobilize capital for investment.
He is currently the CEO and founder of Kenya Productivity Institute, an Investment, Management and Training
consultancy. He is a founding member of several organizations such as the Kenya Association of Investment
Groups, Fechim Investments Limited and Amalgamated Chama Limited, where he serves as a director. He is a
Fellow and Life Member of Kenya Institute of Management (KIM), Member of the Institute of Certified Investment
and Financial Analysts (ICIFA), Institute of Directors (IOD) and Institute of Economic Affairs (IEA) and the East
African Kennel Club.
He serves as Chairman, Board of Management (BOM) of Empakasi Secondary School in Kajiado North Sub County,
and Friends of Oloolua Forest and a member of the Institutional Scientific and Ethical Review Committee at
Kenya’s Institute of Primate Research (IPR).
He has previously served as a director of the Capital Markets Authority (CMA); Retirement Benefits Authority
(RBA); a member of the Governing Council for the Kenya Institute of Management (1983 – 2008) and the
Marketing Society of Kenya (1998-1999.
He holds a Bachelor of Technology (B. Tech.) degree from Bradford University, UK, (1977) and an MBA from the
United States International University – Africa (1983).
He was appointed to the Board on July 13, 2022.

Mrs. Grace Tole

Mrs. Grace Tole is a career banker with over 30 years of experience in Banking Operations and Management and is
currently an independent consultant. She has held senior management positions at Citibank NA Kenya, Victoria
Commercial Bank and M- Oriental Commercial Bank, Nairobi.
Mrs. Tole holds a Master of Business Administration Degree in International Management from Thunderbird
Graduate School, University of Arizona USA, and a Bachelor of Arts (Honours) from the University of Nairobi.
She was appointed to the Board on July 13, 2022.

C.E.O & Managing Trustee

FA. John K. Mwangi

FA John K. Mwangi is the CEO and Managing Trustee of the Unclaimed Financial Assets Authority. Prior to his appointment Mr. John Mwangi was the Manager, Unclaimed Financial Assets Line at UFAA, a position he held since year 2015. Mr. Mwangi has had a successful career in several financial institutions within investment and commercial banking. He has over 16 years’ experience having worked with leading Fund Managers, Investments and Commercial banking Industry in Kenya as a Relationship Manager. Mr. Mwangi joined the Authority in April 2015 from Bank of Africa (BOA) where he was a Relationship Manager in Institutional Banking. Prior to joining BOA, Mr. Mwangi also worked at African Alliance Investment Bank, Old Mutual Asset Managers, and ICEA Asset Managers. These institutions have their operations spread locally, regionally and globally, with diverse and rich corporate cultural diversity. Mr. Mwangi is a Certified Investment and Financial Analyst and Member of the Institute of Certified Investment and Financial Analysts (ICIFA). He is also a member of the Kenya Institute of Management (KIM). He holds an Executive MBA from Strathmore Business School and underwent a Modular course on Corporate Entrepreneurship and Global Strategy at IESE Business School, the University of Navarra in Barcelona. Mr. Mwangi is a Certified Trustee by RBA in conjunction with the College of Insurance and His undergraduate is in Economics and Business Studies from the University of Nairobi.

Njoroge Ng’ang’a

Njoroge Ng’ang’a is a C-Suite Level Executive with a remarkable professional legacy and a rich leadership history
that spans over 30 years in the East African region. He currently serves as the Executive Director for Progressive
Heritage, a family-owned group of businesses specializing in agri-business and real estate.
Prior to his current role, Njoroge served as the CEO of Home Afrika between 2013 and 2015 where he was
instrumental in leading a record achievement of revenue growth and a significant 171% year-on-year
infrastructure upgrade investment in his first full year. In the earlier years, Njoroge worked as an expatriate in
Uganda where he held numerous senior leadership positions. These include serving as the General Manager at
Dyer & Blair Uganda and DFCU Bank Uganda, Country Manager at Africa Online Uganda, and Head of Investments,
Housing Finance Bank of Uganda.
Njoroge is also a member of the CFA Institute of East Africa and the Institute of Directors in Kenya. He holds an
MSc in Financial Management from the University of London (SOAS), and an undergraduate degree in Accounting
& Financial Management from Ohio Wesleyan University. He also qualified with the California State Board of
Accountancy.

The Unclaimed Financial Assets Authority (UFAA) is an Authority created under the Unclaimed Financial Assets Act, No 40 of 2011 to administer unclaimed financial assets.

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