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Kenya Investment Forum

8:00pm
Council on Foreign Relations

Foreign Affairs
58 East 68th Street (at Park Avenue)
New York, NY 10065

Questions? Write us at Kenya2014@cfr.org 

During this exclusive forum, Kenyan and U.S. business leaders, investors, and academic experts convened for important conversations on investment opportunities and challenges facing Kenya's growth and regional role.

Photos of the event can be found here

Video of the event can be found here

8:30am | Check-in & Welcome Reception


9:00am | VIDEO U.S.-KENYA RELATIONS

Opening Remarks: Gideon RoseEditor, Foreign Affairs

Presiding: Ali Velshi, Host, “Real Money with Ali Velshi,” Al Jazeera America

Eric Vincent Guichard, Chairman and CEO, Gravitas Capital Advisors; Founder & CEO, Homestrings, Inc. 
Moses IkiaraManaging Director, Kenya Investment Authority James Ndungu MureuChairman, East African Chamber of Commerce, Industry & Agriculture

The United States and Kenya have long-standing cordial diplomatic relations. Kenya is an important trading partner under AGOA and a vital player in keeping peace and security in the region. It has become the East African hub and host to diverse multinationals capitalizing on Kenya's immense potential, competitive advantages, rich tourism industry, and strategic location. Now more than ever, international investors and diaspora members are looking to invest in Kenya; for instance, remittances back to Africa can be achieved while optimizing investment impact and profitability.

  • What influence can the inaugural U.S.-Africa Leaders Summit have on Kenya's brand, investment, and trade potential in the West?
  • How can Kenya strengthen its position as the hub in the region?
  • What are the challenges and obstacles facing the nation, and what must develop for increased foreign investment, stability, and growth?
  • How could the two countries increase future cooperation and deepen political and economic ties?
  • How can Kenya's new political administration replace investor insecurity with interest?
  • What role can the East African Community (EAC) play in boosting regional tourism and commerce? How can Kenya differentiate its tourism product and bolster its national economy?
  • In what ways can Kenya boost business tourism as its services sector looks to diversify and evolve from a cultural to a financial and commercial tourist destination?

10:15am  | VIDEO BANKING, FINANCE, and TECHNOLOGY IN KENYA

Opening Remarks: John NgumiHead, Investment Banking Coverage, East Africa, Standard Bank

Presiding: Billy JackProfessor of Economics; Co-director, gui2de, the Georgetown University Initiative on Innovation, Development and Evaluation

Jake R. Bright, John C. Whitehead Fellow, Foreign Policy Association Mohamed A. Hassan, Chairman, National Bank of Kenya  John NgumiHead, Investment Banking Coverage, East Africa, Standard Bank

Kenya is an innovative leader in information technology and financial services in the region. Its renowned mobile payment platform M-Pesa has increased the reach of financial services offered to the general public twofold. Kenya's new and groundbreaking concepts are being transferred to various countries revolutionizing services like microfinance and the impact it can have. Digitization of a wide scope of government operations, particularly in the area of payments, is one of the key projects of the new government. As a result of this remarkable progress and the public's overwhelming embrace of new technology, Kenya is anticipated to become one of the top ten IT destinations in the world within the next decade. The spur of IT start-ups has confirmed the status of Kenya as a hotbed of young IT professionals. Moreover, Kenya has established itself as a center for capital markets, leveraging local and global financial markets for infrastructure funding, which has offered exceptionally lucrative returns. The banking sector in particular is playing a pivotal role in mobilizing funds for major projects, including IT projects, being developed under Vision 2030.

  • How can mobile payment platforms spread internationally and be replicated in diverse countries?
  • What opportunities exist for established players as well as newcomers in the financial and IT sectors?
  • The first IBM Innovation Center in East Africa has recently been established and headquartered in Kenya. This signifies the cooperation between U.S. and Kenyan innovators. Moving forward, what role should the United States play in Kenya's "Silicon Savannah," and how can this cooperation be further entrenched? 
  • What roles can the United States and investment banks play in the East African finance hub?

11:30am | Networking Coffee Break   


11:45am | VIDEO INDUSTRIALIZING THE NATION

Presiding: Inosi M. Nyatta, Partner, Sullivan & Cromwell LLP

Godana Doyo, Governor, Isiolo County 
Nyagaka Ongeri, Head of North America Multinational Corporates, Barclays  
Sev Vettivetpillai, Chairman of the Partners Council, The Abraaj Group 

Kenya continues to build its potential as the manufacturing center in East Africa. The Kenyan government has launched a strategy to add 5000MW to the national grid over the next three years to lower the costs of electricity and make Kenya a competitive manufacturing center. Kenya's vast opportunities for mining, hydrocarbon belts, and the already 90% oil discovery success rate in Turkana County are together predicted to further contribute to the decrease in energy costs associated with industrializing the nation. In turn, these resources are spearheading the development of the country. Infrastructure development is complementary to the national energy plan to ensure that Kenya succeeds in its industrialization process and capitalizes on the country's entrepreneurial spirit.   

  • What further infrastructure, including logistics and transportation, are needed to make Kenya more competitive in attracting manufacturing dollars?
  • What role can international companies and investors play in realizing Kenya's energy production from both renewable and nonrenewable sources?
  • How successful has AGOA been at strengthening the manufacturing industry in Kenya and promoting trade relations with the United States?  
  • What incentives, if any, are reasonable for investors to expect when investing in manufacturing in East Africa and Kenya?  

1:00pm | Networking Lunch & One-on-One Meetings

Jake Bright is a Whitehead Fellow of the Foreign Policy Association and writer with a special focus on African business. He contributes as an editor and independently, including for The Financial Times This Is Africa, Bloomberg LP, U.S. News & World Report and The Atlantic's Quartz. Mr. Bright is also active in driving thought leadership programming as a producer, moderator, and speaker in various forums. He is a frequent commentator on African business to media outlets such as Bloomberg News. He co-produces The New Business of Africa series at the Foreign Policy Association, which has included partners CNN, Newsweek, PwC, the Carlyle Group, and Blackstone. Mr. Bright has completed feature interviews on Africa's transformation story with leading figures Dambisa Moyo, Rosa Whitaker, Tony Elumelu, Bob Collymore, Erik Hersman, and IBM's Uyi Stewart. His Africa reporting includes features in Newsweek, The Daily Beast, and Bloomberg's proprietary Brief, and has received "Best Business Column" distinction by The Week magazine. Mr. Bright has worked in Africa in several capacities and traveled extensively on the continent. His first book on Africa's turnaround story led by business is in production with Macmillan/Thomas Dunne. Prior to his current activities, Mr. Bright spent 10 years in international finance as an officer at The Bank of New York Mellon. Before that he served in the Clinton administration in the Department of Commerce and on White House staff as a speechwriter and chief aid to senior international economic advisers. This included work and travel in Africa. Mr. Bright earned his Bachelor of Arts degree in International Relations with a certificate in African Studies from Michigan State University. He also attended Columbia University's School of International and Public Affairs, attaining a Master of International Affairs degree concentrated in international economics.

Governor Godana Adhi Doyo holds a bachelor's degree in law from the University of Nairobi and a master's in LLM by research from Murdoch University in Australia. He is currently pursuing a comparative PhD that focuses on native land rights in natural resources, focusing on mining and other extractive industries. Governor Doyo has worked hard to raise Isiolo County's profile. He worked with local organizations like WASO Trust Land to defend and preserve rights of local communities in the face of an unsettling and entrenched culture of corrupt land deals. He has represented Isiolo County at the Kenya National Constitutional Review Conference. In recognition of his active participation and services among pastoral communities, he was elected as the Chairman of The Pastoralists and Hunter-Gatherers Organization and the Chairman of the Northern Kenya Development Forum. Governor Doyo has managerial and financial experience gained at the Kenya National Commission on Human Rights and several NGOs. In Australia he worked as the Innovation Coordinator of the ASeTTS, a project funded under the Department of Education, Employment, and Workspace Rights. He is a fellow of the Chevening Scholarship where he did a course at the University of Glasgow, Scotland. He attended the Young Leadership Visitor Program organized by the U.S. State Department, where he visited over 10 states to gain experience on governance, human rights, global war and conflicts, international relations, and civil society. He is one of the governors who have hit the ground running in implementing the devolved system. He has set the pace on how county governments should be managed and run. Through his focus and leadership, he spearheaded several projects including a street program, installation of solar power systems in primary schools, and more.

Eric Vincent Guichard is the Founder and Chief Executive Officer of Homestrings Inc. With his experience of remitting money back to Africa, and the limitations of currently available investment options that truly make an impact and are profitable, he was driven to create Homestrings Inc., a web-based platform that facilitates Diaspora investments in their home country. Mr. Guichard is also currently Chairman and Chief Executive Officer of GRAVITAS Capital Advisors Inc., an asset management firm he founded in 1996. GRAVITAS Capital advises global and sovereign institutional assets. Prior to GRAVITAS Capital, Mr. Guichard was Portfolio Manager at the World Bank (1990-1996) where he also served as technical adviser to sovereign and multilateral institutions worldwide. He is a graduate of the University of Dakar in Senegal, of Duquesne University in Pittsburgh, and of the Harvard Business School, where he earned his MBA with a World Bank Scholar and Harvard Fellowship award. Mr. Guichard lectures internationally and has published articles on global finance and risk management. He is a frequent commentator in the broadcast, online, and print media including BBC Radio, Vox Africa, CNBC Africa, Radio-France Internationale, the Wall Street Journal Europe, Reuters, and the Financial Times. Furthermore, he was awarded “Entrepreneur of the Year--2013” by African Diaspora Awards--London. Homestrings has been twice nominated as “Best Innovation--2013,” by IC Publications, an African Diaspora Award.

Abdinasir Ali Hassan is the Executive Chairman and Strategic Advisor for Hass Petroleum Group of Companies. He is one of the founders of Hass Petroleum, which is a regional oil marketing company with a significant presence in East Africa and the Great Lakes regions. With the aid of cutting edge technologies and modern infrastructure, Abdinasir Ali Hassan has been positioning Hass Petroleum as the market leader in the regional oil industry. Mr. Hassan has ensured reputable partnerships on the supply and demand side through investing heavily in storage facilities, retail station networks, and supply chain infrastructures. He is recognized as one of the most entrepreneurial leaders in Africa. Through his guidance, Hass Petroleum has won major tender projects with the Ministry of Energy in Kenya. Mr. Hassan has previously been the Chairman of the Board of Directors for the National Water Conservation & Pipeline Corporation, as well as the Chairman of the Board of Directors for the Kenya Meat Commission.

Mohamed A. Hassan is Chairman of the National Bank Board, which he joined in June 2011. He holds a master's degree in Finance (MSc.) from the University of Strathclyde, Glasgow. He also holds a bachelor of Commerce (BCom. Hons.) finance major from the University of Nairobi. He holds the Chartered Financial Analyst (CFA) designation and is a graduate of the Advanced Management Programme (AMP) from Strathmore Business School and IESE Business School, Universidad de Navarra, Barcelona. Mr. Hassan has over 16 years experience in a variety of roles including: Team Leader and Project Manager of investment banking transactions in different sectors of the regional capital and money markets. He worked as a research analyst at Dyer and Blair Investment Bank Limited in 1996 then became Senior Bond Dealer between 1997 and 1999 before receiving a promotion to the position of General Manager at the investment bank. In 2003, he became the executive director. He is a former Chairman of Kenya National Trading Corporation. Mr. Hassan is a member of the Investment Committee of Kenya Community Development Foundation, Board of Trustee, Northern Kenya Education Trust, and NEPAD Kenya National Steering Committee.

Dr. Moses Ikiara was appointed the Managing Director of the Kenya Investment Authority (KenInvest), a position he took on February 11, 2013. KenInvest is the state agency charged with responsibility of promoting both foreign and domestic investment in Kenya, facilitating investors, and policy advocacy with respect to investment in the country. Previously, Dr. Ikiara was the Executive Director of the Kenya Institute for Public Policy Research and Analysis (KIPPRA) from December 2005 to May 2012, and Policy Analyst at the same Institute from July 2000 to December 2005. Dr. Ikiara holds a PhD in Environmental and Natural Resource Economics from the University of Amsterdam, The Netherlands. His previous academic qualifications include a Bsc. (Agriculture, First Class Honours) and MA (Economics), both from the University of Nairobi.

Billy Jack is Professor of Economics at Georgetown University and co-founder and co-director of gui2de, the Georgetown University Initiative on Innovation, Development and Evaluation, which conducts empirical field-based research to assess the impact and effectiveness of development interventions. Major research themes include governance and accountability, the promotion of agency in the delivery of health, education, and other public services, the role of mobile technology in development, and financial development and integration. Previously he held positions on the Joint Committee on Taxation of the U.S. Congress, the IMF, the Australian National University, and the University of Sydney. He holds a BSc in mathematics and physics from the University of Western Australia, and an MPhil and DPhil in Economics from Oxford University, where he was a Rhodes Scholar.

Governor William Kabogo of Kimabu County has a five-year county agenda that will work to tackle the county's main problems of insecurity, youth unemployment, and drug abuse. He has a strategic agenda that will counter these issues by assuring proper education, health, and urban planning in the county. The Governor attended Panjab University in India for a Bachelor of Commerce. Following his return to Kenya, he was employed as an auditor at the Auditor General's office in the early 1980s. Working as an accountant for an international NGO, he later became its chief executive, a feat credited to his hard work. He decided to relocate to Mombasa, Kenya, to venture in diverse business endeavors, by and large investing in the transport, real estate, and clearing and forwarding businesses. In 2002, Governor Kabogo joined politics as a young man and won the Juja parliamentary seat. Since, he has been known to have initiated numerous development projects, including provision of tapped water, installation of electricity, and road construction works. He is also responsible for the proper management of the bursary fund and the construction of health centers and schools. The management of Juja Constituency Development Fund was recently ranked fifth in the country. He has established the emergence of new health centers, construction of new classrooms, drilling of multiple boreholes that serve the locals, supplying electricity through the ‘Umeme Pamoja Schemes, construction of modern administration police houses, construction of county drainage systems, and ensuring every civic ward has a new primary and secondary school fitted with modern sanitation facilities. His Excellency Governor William Kabogo is a philanthropist and has aided in educating over 100 children via personal funds into secondary schools and universities.

Silvester Kasuku, MBS, CMILT is the Director General and CEO of LAPSSET Corridor Development Authority. LAPSSET is charged with the responsibility of planning, coordinating, and managing the implementation of the LAPSSET Corridor's seven infrastructure project components. Mr. Kasuku has a wealth of experience and expertise in infrastructure and services management policy, which he has gained over the years through academia, research, consultancy, and policy advisory services covering governments, private sector, and development partners. Mr. Kasuku has been a renowned international consultant in and outside Kenya where he has undertaken various assignments in Infrastructure and Transport Policy Analysis and development, Institutional and Legal Reform and studies on Infrastructure projects for close to 15 years. He has worked as a consultant/ technical adviser with the assistance of the World Bank to steer the Kenya Roads Sector Institutional and Legal Reform between 2002 and 2008. Mr. Kasuku was also Lead Member for the National Transport Policy Committee that formulated the Integrated National Transport Policy for Kenya, covering all modes of transport (Road, Air, Maritime, Railways and Pipeline). Mr. Kasuku has since 2002 been an Environmental and Social Development Consultant, for The World Bank Infrastructure Projects in Kenya and Tanzania. He is a member of various Professional Societies-Chartered Member of the Institute of Logistics and Transport (CMILT), Architectural Association of Kenya, Institute of Environmental Assessment, Kenya and Kenya Institute of Planners. Mr. Kasuku is published in both academic and professional journals.

Dr. Fred Matiang’i is the Cabinet Secretary in the Ministry of Information, Communications, and Technology (ICT) for the government of Kenya. Before his appointment, Dr. Matiangi was the Regional Representative in East Africa for the Center for International Development, Rockefeller College of Public Affairs and Policy at the State University of New York (SUNY/CID). He formerly served as Chief of Party for Kenya's Parliamentary Strengthening Program. Dr. Matiang’i held research and program implementation positions in various civil society organizations in Kenya and conducted research and training for the Commonwealth Parliamentary Association, the World Bank Institute, and the United Nations Development Programme (UNDP), among others. He taught at Egerton University and the University of Nairobi. Dr. Matiang'i's education includes a PhD in communication and comparative literature from the University of Nairobi, a master's in English from the University of Nairobi, and a bachelor's degree in education from Kenyatta University.

Lucy Muchoki is a Kenyan and the current Chief Executive Officer of Pan African Agribusiness and Agroindustry Consortium (PanAAC), a regional agribusiness platform that is mobilizing and supporting the domestic private sector in Africa at a national, regional, and global level. Ms. Muchoki is also the coordinator of the Kenyan Agribusiness and Agroindustry Alliance (KAAA), an organization created to support Kenyan agribusiness through enhanced productivity and competitiveness in the market in line with the Vision 2030 framework. She also serves on various advisory councils and steering committees for agribusiness leadership organizations both at the regional and global level. She is the current vice chair of CAADP non-state actors regional taskforce and has been instrumental in developing the agribusiness strategy for Africa through collaboration with African Union Commission (AUC) and Nepad planning and coordinating Agency (NPCA). She has been the private sector representative to the Executive Board of FARA-Forum for Agricultural Research in Africa and ASARECA-Association for strengthening agricultural research in East and Central Africa. She is a member of the advisory council tasked with guiding the UNDP report on inclusive business models. She serves as a member of the advisory council on the "scale up program," funded by the Dutch Government, which supports small holder farmers, in upscaling and outscaling best practices in agribusiness for improved livelihoods. Ms. Muchoki is a member of the advisory council of Sustainable Agriculture initiative (SAI), an international food industry network that supports sustainable agriculture. She is the private sector representative and steering committee member of Paepard, African Europe partnership program on research for development and GFAR-Global Form for Agricultural Research. She is an active member on postharvest control management initiative in Africa; she sits on the steering committee of the African Union Commission-led initiative on Aflatoxin control program for Africa (PACA), which is aimed at supporting small holder farmers in post-harvest control management. She is also a steering committee member of the rural infrastructure/ market access program and ecological organic initiative, both led by African Union Commission. She is also an accomplished entrepreneur and chairs the agricultural committee of Kenya's national chambers of commerce and industry.

Peter Munya is the first and current governor of Meru County. Between 2002 and 2013, he served as the Member of Parliament for Tigania East Constituency before successfully contesting for the Meru County Gubernatorial seat. In January 1995, Munya attended the University of Brussels, Belgium, where he graduated with a master's degree in International Law. He then proceeded to the University of Georgia in the United States, where he graduated with a second master's Degree in Law (Public International Law). In 1997, he was published in the Boston University International Law Journal, under the title "The Role of the Organization of African Unity in Conflict Resolution and Dispute Settlement in Africa." Upon his return to Kenya, he took a job as a law lecturer at the Kenya School of Professional Studies (KSPS) and Kenya School of Monetary Studies (KSMS). In 2000, he was appointed lecturer of law at Moi University, Eldoret. He was published in the Moi University Journal in 2002 under the title, "The Role of the International Court of Justice in Resolving African Disputes: Past, Present and Future Prospects." In 2002, he left Moi University to set up Kimaiyo and Munya Co. Advocates. As a Member of Parliament in Kenya, he initiated various development projects to include improving healthcare, infrastructure, and youth and women empowerment, a dream he plans to extend to the larger Meru County as the governor.

James Ndungu Mureu is Chairman of the Kenya National Chamber of Commerce & Industry, Mombasa County Branch, and Chairman of the East African Chamber of Commerce, Industry and Agriculture. An East African businessman, he worked at the Central Bank of Kenya as a banker for 14 years. He then went into business and founded Master Conveyors Ltd, a freight forwarding company that later became a very reputable logistics company. In 2001, he relocated to Australia and started Treasures of Africa, a company marketing and promoting Kenyan tea and coffee. Mr. Mureu successfully managed to get these two Kenyan cash crops into the Australian market and while there, he doubled as the Kenya National Chamber of Commerce & Industry liaison officer, handling most trade related issues on behalf of the Kenyan High Commission as de’facto trade attaché. In 2003, he was invited by the Ministry of Trade and Industry to join the team crafting a new export promotion strategy document. He returned to Kenya in 2005 and ventured into the construction industry as a paint manufacturer/supplier through his company Prolong Paints Kenya Ltd. He also has interests in the communications industry where he runs Mastrade Holdings Ltd, a leading data services provider company. Mr. Mureu is currently the Managing Director of Prolong Paints Kenya Ltd and Mastrade Holdings Ltd. He has participated in numerous forums that promote trade in Kenya and the region (EAC). He is a non-executive director at the Mombasa Water Company. He holds of a diploma in banking from the Kenya Polytechnic and a B.Sc. degree in Business Management from Hartford University. He is a Lion Scout, a holder of the Gold Award of the President's Award Scheme, and has attended the Outward Bound Mountain School in Loitokitok for endurance and the Corporate Governance course. He is a past Captain and Chairman of the Nyali Golf & Country Club. He is a founding member of the Kenya Private Sector Alliance, and the National Peace Committee, Coast Chapter.

Peter Mwangi is the Chief Executive of the Nairobi Securities Exchange. He is also a Director of the Central Depository and Settlement Corporation in Kenya, and a member of the Executive Committees of the African Securities Exchanges Association (ASEA) and the East African Securities Exchanges Association (EASEA). Before joining the Exchange, Mr. Mwangi was the Managing Director of Centum Investment. Centum is the largest publicly quoted investment company in the East African region. Mr. Mwangi has been at the Exchange since November 2008 and has steered various initiatives, including the demutualization and self-listing of the Nairobi Securities Exchange and spearheading the implementation of the Growth Enterprise Market Segment (GEMS) for mid cap companies. He has also been instrumental in the development of a derivatives market as well as the REITS market. Mr. Mwangi is a CFA Charterholder and holds a bachelor's degree in Electrical Engineering from the University of Nairobi. He is also a member of the CFA Institute (USA) and CFA Society of South Africa, the Institute of Certified Public Accountants of Kenya (ICPAK), the Institute of Certified Public Secretaries of Kenya (ICPSK), the Institute of Directors of Kenya (IOD)(K)), the Institute of Investment Professionals – East Africa (EASIP), and the Kenya Institute of Management (KIM).

Cyrille Nabutola is the Chief Executive Officer of the Export Processing Zones Authority (EPZA) of Kenya, a state corporation that is mandated to promote, facilitate, and create an enabling environment for incentivized export oriented investments in Kenya's free zones. Mr. Nabutola holds an MBA in Strategic Management from the Institute of Technology at Melbourne in Australia and a Bachelor of Commerce Degree in Marketing from the University of Nairobi in Kenya. He has previously held leadership positions in a number of multinational corporations in the fields of security, petroleum, milling, and media. He was previously Managing Director of the Broadcast Division of the Nationmedia Group in Kenya. At EPZA, Mr. Nabutola is responsible for providing strategic leadership and management oversight for the EPZ program which currently comprises 50 zones hosting over 110 EPZ enterprises engaged in a variety of sectors. These EPZ enterprises represent more than $350 million in investments from 16 different countries and account for over $1.5 billion in exports over the past 5 years. Mr. Nabutola is interested in engaging with U.S. investors seeking incentivized trade and investment opportunities in East Africa.

John Ngumi is Head of Investment Banking Coverage, East Africa for Standard Bank Africa in Nairobi. Mr. Ngumi joined Standard Bank in Nairobi in 2004, and heads Standard Bank's Investment Banking Coverage business in East Africa. Before taking up this role in 2009, he had established and headed the Bank's overall Investment Banking offering in East Africa, and oversaw its rapid emergence as the leading investment banking franchise in East Africa, principally in debt issuance and increasingly in the equity capital markets and M&A spaces. Prior to joining Standard Bank, Mr. Ngumi worked for Citibank, Barclays, Citibank, Grindlays, and National Westminster Bank. He was also a founder of one of East Africa's first independent investment banking groups, Loita Capital Partners. Over the last 25 years Mr. Ngumi has played a leading role in the development of Kenya's and East Africa's debt and equity capital markets; in the emergence of corporate finance and asset management as major market activities, in the establishment of regulatory institutions to support these markets: for instance the Capital Markets Authority and the Retirement Benefits Authority; and in leading East African public and private entities into the international capital markets. He is also a founder member of the Central Bank of Kenya's Market Leaders Forum, a consultative body responsible for the development of Kenya's Treasury bond programme, a pace setter in Africa. Mr. Ngumi is consulted regularly by the Kenyan government on financial markets. Mr. Ngumi is also the first Chairman of Konza Technocity Development Authority, the Kenya Government's agency set up in 2012 to develop Africa's first high tech city. Mr. Ngumi has a BA 1st Class Honours in Philosophy, Politics & Economics from St. Peter's College, Oxford University.

Inosi Nyatta is a partner in Sullivan & Cromwell's Corporate and Finance Group. She advises clients on a broad range of financing transactions, including project financings, capital markets offerings and cross-border and multijurisdictional corporate and structured financings. Ms. Nyatta has acted for a cross-section of financial institution, sponsor and corporate clients in financial, oil and gas, mining, infrastructure, power, consumer and other sectors in Africa, the United States, Europe, Latin America and elsewhere. She also has experience in a range of corporate transactions, including mergers and acquisitions, private equity investments, joint venture arrangements and project development arrangements. Her securities offering experience includes debt and equity offerings under Rule 144A and Regulation S, exchange offers and project bonds. She was assigned to the London office from 2006 through 2010 and relocated to New York in 2011. Ms. Nyatta has represented S&C client Eskom, the South African electricity utility, on several matters, including on an $800 million financing for its Kusile power project in South Africa; on the initial financing for the $10 billion Medupi energy project in South Africa; and on its Coega LNG/Power project in the Eastern Cape region of South Africa. Ms. Nyatta has worked on capital markets equity and project bond offerings by issuers in South Africa and Nigeria. She is currently advising sponsors in a geothermal energy project in Ethiopia and the South African government on certain of its IPP programs. Her areas of practice include: Project Development and Finance, Leverage and Acquisition Financing, Debt and Equity Capital Markets Transactions, and M&A and Private Equity Transactions. She holds a B.C.L. from the University of Oxford, an LL.M. from NYU, and an LL.B. from the University of Nairobi. Ms. Nyatta is on the Board of Directors for AMREF USA (African Medical and Research Foundation). She also serves on the Cyrus R. Vance Center for International Justice, which is part of the New York City Bar Association, and she was named a 2012 Fellow of the Leadership Council on Legal Diversity.

Ali Velshi is the host of “Real Money with Ali Velshi,” a half-hour nightly business news program on Al Jazeera America. He was the first on-air hire for the new cable news network, Al Jazeera America. Prior to that, Velshi served as CNN's Chief Business Correspondent, anchor of CNN International's World Business Today, and host of CNN's weekly business roundtable, "Your Money." In 2010, Velshi was honored with a National Headliner Award for Business & Consumer Reporting for “How The Wheels Came Off.” Velshi has reported extensively on the global financial meltdown; the financial collapses of Fannie Mae, Freddie Mac, AIG, and Lehman Brothers; the U.S. government's bailout plan; the battle over the fate of the American big three automakers; and the U.S. debt ceiling and budget debate.

Sev Vettivetpillai is Chairman of the Partners Council at The Abraaj Group. Mr. Vettivetpillai is a member of The Abraaj Group's Executive and Investment Committees and has 20 years of direct private equity investing experience. He previously held the positions of Chief Executive Officer of Aureos Advisers Ltd and Chief Investment Officer for the Aureos Group, where he was instrumental in implementing the Aureos investment philosophy and strategy of investing in small and medium-sized companies across global emerging markets. Prior to joining Aureos, Mr. Vettivetpillai was a Senior Investment Executive at CDC Group plc. Mr. Vettivetpillai’s other appointments were at Vanik Incorporation (Sri Lanka) as a Portfolio Manager and Mott Macdonald Group (UK) as an Engineer. Mr. Vettivetpillai holds the designation of Chartered Financial Analyst (CFA) and a BEng. (Hons) in Civil Engineering from Imperial College of Science, Technology and Medicine.

We'd like to thank our sponsors and partners for their contribution to this event and for their support of these serious conversations on Kenyan growth and potential.


SPONSORS

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(contact H.E. Governor Kabogo at kabogo@kiambu.go.ke) 

 


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