Constantine Kandie is an Executive Director in MiDA Advisors’ East Africa Office, focusing on institutional investors capacity development advisory services. She is a Founder Trustee of the Kenya Pension Fund Investment Consortium (KEPFIC), which she spearheaded as Director at Kenya Revenue Authority (KRA) and Chair of the Board of Trustees. She is a Board Director at Moi Teaching and Referral Hospital (MTRH) and a member of the pension fund. Constantine is also a Board Member and Treasurer at Practical Action UK, Secretary General of Professional Women Empowered (PROWE) and served as IFC/World Bank Technical Advisor to the PS State Department for Trade. She has over 20 years’ experience in governance, strategic management, and leadership of diverse professionals and staff teams.
Eric Watnik, a career member of the Senior Foreign Service, became the Counselor for Public Diplomacy at the U.S. Embassy in Nairobi in August 2020. Prior to that, Eric led the Office of Inspector General’s public diplomacy sections inspections. Eric started his Foreign Service career in 1999 after working in public relations in Manhattan. His overseas assignments have included public diplomacy positions in Santiago, Chile; La Paz, Bolivia; Singapore; and Budapest, Hungary. In Washington he served in the Bureau of Western Hemisphere Affairs as the spokesperson. He has also served in Colombia, Iraq, the Bureau of Intelligence and Research, and as Deputy Chief of Mission in the Marshall Islands.
Eric received his undergraduate degree in English and Japanese from the University of California, Davis, and his master’s degree in international affairs from Columbia University. Eric is married to Kathy Ford Watnik, an editor. They have two children.
** Mr. Watnik was Chargé d’Affaires of Embassy Nairobi at the time the remarks were recorded. **
Philip Dyk has more than 30 years of financial advisory, banking and equity investment experience. Having spent his entire career in the infrastructure sector, in 2015, Mr. Dyk’s passion led him to start Everstrong Capital, to assemble and manage investments in energy, transport, communication and water infrastructure in Sub-Saharan Africa.
Mr. Dyk is a founding partner of Alinda Capital Partners, one of the largest private infrastructure management firms. From 2006 to 2014, he served on the investment committees of Alinda’s funds and on the board of various portfolio companies, including a multi-state regulated gas utility, a multi-state parking company, a municipal lighting company and a company providing wastewater treatment under a 30 year concession. Mr. Dyk has over 20 years of portfolio management experience and was instrumental in setting up Alinda’s portfolio management function.
Prior to Alinda, Mr. Dyk was the Managing Director of Pacific Capital Resources and Atlantis Water Fund, Regional Vice President of Foster Wheeler Capital & Finance Corporation, President of Ahlstrom Capital, and head of the project finance team at Union Bank of California.
He is a former member of the advisory board to the Institute for Infrastructure Finance and holds a B.A. with honors from Claremont McKenna College. He is the proud father of five daughters and is a member of the board of directors to the National Parents Organization.
Aymeric Saha is the CEO of MiDA Advisors. More recently, he was the Managing Director of the NASP-USAID Investment Partnership for Mobilizing Institutional Investors to Develop Africa’s Infrastructure or “MiDA.” He previously spent fourteen years at the World Bank and led the quantitative risk finance function responsible for overseeing market and credit risks for $200 billion in banking operations in over 100 countries; and an investment portfolio of over $100 billion invested across developed and emerging markets. In 2013, he was appointed Financial Policy Director in the United States Congress for the House Subcommittee on Financial Institutions to oversee the implementation of banking and capital markets reforms in the aftermath of the 2008 financial crisis. Cumulatively, he directed initiatives to boost U.S.- Africa trade and investments, particularly within the Power Africa initiative. In 2005, Mr. Saha co-founded New Bridge Development/1438 Street LLC, a boutique real estate and retail investment firm that developed and managed commercial and residential properties in the Washington, DC region.
Mr. Saha holds two MA degrees in Finance and Business Management from Johns Hopkins University Carey Business School, and his BA degree in Finance and Economics from McGill University. He previously lived abroad in Africa, Europe, and Canada, and is fluent in French.
Mr. Mudiwa is a business leader with expertise in the financial sector. His vast experience of over 20 years includes setting up a bank from scratch as well as leading stock exchange listed financial institutions. He is currently the CEO at Stanbic Bank – Kenya.
His key achievements include successfully setting up Agricultural Bank of Zimbabwe(Agribank); launching of the first interbank financial inclusion product in South Africa (SA); growing Standard Bank Malawi from bank number 3 to number 1 on PAT and being recognised as the Banker magazine bank of the year for 6 years in a row 2007-2013; Best Employer 2011 and Best Equal Opportunity employer.
Charles is passionate about making change in every environment he works in. At Standard Bank South Africa he was part of an Interbank team that set up Mzansi Bank Account, a solution aimed at providing banking services to the unbanked. He was responsible for the roll out of banking services in the previously disadvantaged areas of SA, formulating and implementing the mass markets value proposition. In recognition of this work he has addressed various conferences including the Commonwealth Business Council and Micro Finance Association of UK on Low Income Banking.
He is a change agent who believes in providing an enabling environment for employees, allowing for leaders to emerge at all levels. He is a champion for Women and continues to provide structures that enable women to not only have a voice but equal opportunities. Notable In this regard was having Women dominated Executive Committees in Standard Bank Malawi and Stanbic Bank Zambia where he was the Chief Executive.
As Chief Executive at Stanbic Bank Zambia Limited, Charles was instrumental in the launch of Anakazi in 2017. Anakazi is the Women’s banking proposition. This solution has grown to become THE Women’s banking solution for Women in Zambia way after he has left. He also achieved several successes including taking the bank to the top most profitable bank in Zambia in 2015.
It’s been more than two year since Charles became the Stanbic Bank Kenya Chief Executive, and within this time he has instituted various initiatives. These include a bank wide training on Diversity and Inclusivity and Gender Intelligence. He has also led a cross-functional team to work on a Women’s proposition-DADA and which was successfully rolled out in the Market place.
Charles believes in family. He is a committed husband and father. He is also an avid reader and enjoys good music and art.
Present Directorships: Stanbic Bank Kenya Limited; Chairman Liberty Life Assurance; Stanbic Nominees.
Born in 1969, Mr. Mutuku, is the Chief Executive Officer of the Retirement Benefits Authority and an ex-officio member of the Board of Directors.
He holds a Masters of Arts degree in Economics as well as a first class honours Bachelor of Arts Degree (Economics) and is a Fellow of the Economists Society of Kenya.
Prior to his appointment, Mr. Mutuku had been seconded to the National Treasury & Planning as a Senior Adviser, Financial Sector and Acting Director, Financial and Sectoral Affairs Department. Previously he was the Chief Manager, Research & Development at RBA, and had worked with RBA since 2000 when he joined from the Central Bank of Kenya.
Mr. Mutuku has a wealth of experience in the operations and activities of the financial sector. He has undertaken training in pensions and financial markets in various countries including the UK, Canada and USA at Harvard University and the Wharton Business School.
He was the founder Chairman of the Technical Committee on Collaboration between Financial Sector Regulators in Kenya and has authored a number of papers and made several presentations at international forums on issues relating to the retirement benefits industry. In September 2019, Mr. Mutuku was appointed as the Interim Chair of the African Pension Supervisors Forum (ASPF).
Amyn Mussa is a Partner and the head of Projects & Infrastructure department at A&K, and is generally considered the leading energy and projects lawyer in the country. Amyn is the only lawyer in Kenya ranked in Band 1 in the projects and Energy category by Chambers Global 2019. He specialises in energy, projects, infrastructure, natural and renewable resources, as well as real estate and privatisation. Under Amyn’s leadership, A&K has developed a dynamic and market-leading energy and projects practice and is regularly engaged on the most significant power, infrastructure, large scale real estate development and natural resources projects in Kenya. Amyn is involved in advising on, drafting and negotiating construction and O&M contracts; advising on government contract work, including drafting and negotiating concession agreements, PPAs and offtake agreements; structuring debt financing for clients; structuring project equity financing, including all operative agreements such as share purchase agreements, shareholder agreements and share subscription agreements; structuring unique partial risk guarantees and developing political risk guarantee products for clients (covering a variety of risks, including non-payment, termination compensation, associated infrastructure and fuel risk) with counter parties such as MIGA, IDA, ATI, ADF and Government of Kenya; and providing project-related advice on land acquisitions and all regulatory matters; amongst other work.
Chief Executive Officer, East Africa Venture Capital Association (EAVCA)
Eva Warigia is a self-professed Afro-optimist. She leverages her passion for analytics and storytelling to champion, and influence for: Africa’s position in global trade and economics, SME innovation and financing, gender and youth equality. Her professional experience spans ten years working at the intersection of the private sector finance and development; supporting institutional investors, governments, regulators and leading African companies with market insights, strategy design, policy formulation and fundraising.
She is currently the Chief Executive Officer of The East Africa Private Equity and Venture Capital Association, a regional network of private capital investors covering five countries of Eastern Africa. Eva holds an MBA from Strathmore Business School and a Bachelor of Arts(hons.) from the University of Nairobi.
Fahima has over 25 years experience in Investment Management with her last position being Chief Investment Officer at GenAfrica Asset Managers, one of the largest Asset Managers in the region. At GenAfrica, Fahima managed key client assets worth over Kshs 100 billion and oversaw the investment management, dealing, research and business development functions. Prior to this, Fahima also held the roles of Head of Operations and Investment Manager. She also sat on the Board of GenAfrica and was instrumental in growing the business both locally and regionally. Prior to joining GenAfrica, Fahima worked with the Trustee and Investment Services arm of Kenya Commercial Bank.
Additionally she was a founding member and first Vice President of the CFA Society of East Africa and also sat on the Capital Markets Authority Steering Committee that developed the 10 year capital markets plan.
She holds an Honors Degree in Computing from the University of Greenwich, an Executive MBA from Strathmore Business School and earned her CFA Charter in 2006. Fahima is currently pursuing the Financial Risk Manager qualification offered by the Global Association of Risk Professionals in the US.
Henry has over 18 years’ experience in pension fund administration and investment management. Prior to joining Everstrong, Henry was CEO and Trust Secretary of Kenya Power Pension Fund (KPPF), one of the leading occupational pension Funds in Kenya, and was responsible for strategic management; benefits administration; investment, financial and risk management; and portfolio management of diverse assets of the Pension Fund.
Henry was team leader in the origination and execution of several real asset investments including leading KPPF to becoming the region’s first pension fund to make commitments to a PE Fund and to invest in energy infrastructure assets. Henry has served on the Advisory Boards of various private equity (PE) funds that have an East African focus and served on the boards of KPPF’s investee companies, including two electricity generation companies. Henry has over 10 years of portfolio management experience and was instrumental in developing KPPF’s alternative investment management function.
Prior to KPPF, Henry was with Co-optrust Investment Services one of the largest asset management firms in Kenya, where he gained experience in investment analysis and portfolio management.
Henry graduated with a Bachelor of Science in International Business Administration and an MBA, both from the United States International University – Africa (Nairobi). He is a Certified Investment and Financial Analyst (Kenya) and a Certified Pension Fund Trustee (Kenya).
Martha Cheruto holds a Bachelor of Science degree in Mechanical Engineering from Jomo Kenyatta University of Agriculture and Technology (JKUAT), a diploma in Efficient Energy Use & Planning from Swedish International Development Cooperation Agency (SIDA, Sweden), a Masters in Management & Leadership from Management University of Africa (MUA).
Ngatia Kirungie is the founder of Spearhead Africa, a Nairobi based property and infrastructure advisory business and the head of the Kenya Pension Fund Investment Consortium (KEPFIC) secretariat. KEPFIC is a consortium of local pension funds with approximately USD 2 billion in assets who have come together to jointly assess and invest in housing and infrastructure opportunities in the East African region and Ngatia is responsible for investment screening and engagement with institutional investors (including non-KEPFIC members), project sponsors, government, policy makers and external stakeholders. Ngatia has extensive experience from large financial institutions in New York, London and Nairobi and leads Spearhead Africa’s project structuring efforts developing innovative and bespoke financing structures and capital solutions to meet client project requirements. He is also responsible for developing the firm’s investment capital networks with local and international commercial and development banks, insurance companies, pension funds and asset managers.
Fixed Income and FX Strategist / Economist, Stanbic Bank Kenya
Kuria is a strategist and economist with Standard Bank Research primarily handling the East African region. His role involves conducting macroeconomic research on African countries and then communicating those views to external and internal clients. As part of the role, he also carries out fixed income and currency research to produce executable trade ideas in African fixed income and currency markets.
Prior to his current role, Kuria had been in equity research and corporate advisory for over 8 years where he was responsible for looking at Pan-African companies in multiple sectors i.e. Banking, Telecommunications, Tobacco, Beverage, Cement and Energy sectors. He joined Standard Bank/Stanbic Bank in 2017 and over the past four years, he has consistently been ranked amongst the top 3 analysts in Africa by institutional investors at the prestigious Financial Mail awards.
He holds an MBA from the University of Warwick, a BSc. in Actuarial Science from the University of Nairobi and is a CFA and CAIA charter holder. Kuria is also an affiliate of the Association of Certified Chartered Accountants (ACCA).
Senior Political Economist, Research, Standard Bank Group
Having joined Standard Bank in 2008 Simon first spent 2 years working from the bank’s Nairobi office as an East African Economist. In his current role, Simon is the bank’s dedicated South Africa political economist, primarily serving both the local and international corporate and institutional investor communities. For the past seven years (2015 – 2021) Simon has been ranked 1st in South Africa in the Political Analysis category of the Financial Mail’s annual Ranking the Analysts Awards; while in 2010 Simon also led a team which was ranked 1st in the Other African Economies and Markets category.
Cameron is Senior Investment Advisor to Prosper Africa, a U.S. Government initiative to substantially increase two-way trade and investment between the United States and countries across the African continent. Previously, he directed the INVEST initiative, a $167 million collaboration platform that aligns the skills and capital of donors, investors and corporates to achieve development outcomes. INVEST deploys USAID resources globally to create viable investment opportunities with social and financial returns. Over the last six years, he has also managed the Mobilizing Institutional Investors to Develop Africa’s Infrastructure (MiDA) Initiative, a collaboration between USAID and the US and African pension communities that has mobilized over $1 billion in institutional capital commitments. He has been a Silicon Valley entrepreneur and managed development projects in a variety of frontier and emerging markets. His focus areas include capital markets development, project finance, SME finance, capacity building and private sector development.
Nick Davies is a Partner with Mercer in Washington DC. Nick’s global consulting responsibilities include serving as a senior investment consultant for sovereign wealth funds, defined benefit and defined contribution pension plans, as well as other investment trusts. Strategic focus across asset allocation, implementation and monitoring.
This includes helping set investment policy and guidelines and assisting clients with investment strategy, implementation and monitoring.
Focus on transformational investment ideas for large, complex clients including developing procedures and policies, consideration of ESG factors as well as implications for broader strategic asset allocation.
Previously US investment consulting business leader, enhancing the US value proposition across investment tools, advice and delegated solutions. Also Wealth office business leader, driving the growth of the retirement and investment businesses across the mid-Atlantic geography.
Prior to rejoining Mercer Investment Consulting in 2017, Nick was the Area President for Arthur J. Gallagher & Co.’s institutional investment and fiduciary services practice.
Nick was previously with Mercer from 2008 to 2013 and also brings prior plan sponsor experience, as well as investment and actuarial experience from the UK. Nick holds a BA and MA in mathematical sciences from the University of Oxford in the UK and is also a Chartered Alternative Investment Analyst (CAIA).
Daniel Bond is an Economist with over 35 years of experience focused on the study of emerging market countries. Mr. Bond was the Chief Economist for the Export-Import Bank of the United States, Group VP of Duff & Phelps Credit Rating Company and First VP of Ambac Assurance Corporation. In recent years, he has served as a Consultant on infrastructure financing for the World Bank and the U.N. Capital Development Fund.
Swee Ee Ang is a Senior Financial Sector Specialist at the World Bank, specialized in long-term financing for infrastructure and capital markets with the World Bank Finance, Competitiveness and Innovation (FCI) Global Practice Long Term Finance Division. She has more then 5 years of experience in the World Bank providing technical assistance and advisory in financial sector programs that are focused on mobilization of long-term local currency sustainable finance programs through capital markets for infrastructure, as well domestic capital-market development. Her program and experience in the bank extends across various countries in the Sub-Saharan Africa Region, South East Asia and South Asia.
Prior to the World Bank, she spent 9 years as a credit analyst in RAM Ratings, a credit-rating agency domiciled in Malaysia and the largest in amongst (Association of Southeast Asian Nations – ASEAN) countries – covering project and infrastructure finance and asset backed securitization (ABS) transactions. In 2011, Swee Ee joined BNP Paribas Malaysia Berhad as the ‘Head of Credit Analysts’ but returned to RAM Ratings to head the Business Development team in 2013, focusing on the Malaysia, ASEAN and Islamic bond market development.
Roselyn H. Spencer is a Managing Director at MiDA Advisors. She has over 25 years of experience in the financial services industry primarily working with pension plans. Her broad experience covers all aspects of pension plan management, investments and operations. As a Managing Director, Ms. Spencer is responsible for developing and managing strategic client relationships and overseeing investment advisory projects.
Prior to MiDA, Ms. Spencer served as Executive Director and Chief Investment Officer to the City of Baltimore Employees’ and Elected Officials’ Retirement Systems. She was responsible for managing and directing all aspects of the City’s four pension plans and OPEB Trust Fund with assets over $2.0 billion. Ms. Spencer holds a BA degree in Economics from Cuttington College in Liberia, (West Africa) and an MBA degree in Banking and Finance from Pace University in New York. She also completed a Certified Financial Planning (CFP) certification from Adelphia University in New York.
Financial Analyst, Kenya Pipeline Company Retirement Benefits Scheme (KPCRBS)
Elena Seba is a Financial Analyst with the Kenya Pipeline Company Retirement Benefits Scheme (KPCRBS).
She is one of the founding Members of the Kenya Pension Fund Investment Consortium (KEPFIC) and sits on the Steering Committee.
She holds practicing licenses from the Institute of Certified Investment and Financial Analysts (ICIFA) and the Academy of Executive Coaching (AoEC).
Elena also sits on the Boards of the Professional Integrity and Ethics Committee (PIEC) of the Association of Professional Societies of East Africa (APSEA) and the Centre for Corporate Governance Alumni Network.
She holds a Bachelor of Science degree in Business Administration from the United States International University, a Master of Science degree in Finance from the University of Leicester and a Postgraduate Diploma in Project Management from the University of Cambridge among other qualifications.
Elena is also a certified Trustee and Executive Coach.
Jonathan joined Sanlam Investments East Africa (formerly PineBridge Investments) in 2000 as CEO. During his tenure, Sanlam Investments has grown to become one of the largest pension fund managers in both Kenya and Uganda with local and international clients’ assets under management in excess of USD 3 billion.
Jonathan graduated from the Royal Military Academy Sandhurst in 1984 and subsequently received a Post-Graduate Diploma in Investment Analysis from the University of Stirling. He was made an associate member of the UK Society of Investment Professionals and is currently the Chairman of the Fund Managers Association. He is also a member of Institute of Certified Investment and Financial Analysts (ICIFA).
Erik has over 20 years of experience in developing, structuring, financing, constructing and managing energy infrastructure investments worldwide. Most recently, Erik was Managing Director and Deal Execution Leader for Africa at GE Energy Financial Services. Erik led the team responsible for commercial origination, risk assessment and execution (underwriting, structuring, financing, closing and managing investment transactions) of new investment opportunities in support of GE equipment sales in Africa.
Prior to joining GE in Africa, Erik was Vice President – Commercial Management at Atlantic Power Corporation in Boston, where he was responsible for managing the company’s origination, underwriting, and execution of acquisitions, as well as for providing commercial support to the company’s portfolio of diverse power generation and transmission assets. Before that, Erik was a Senior Vice President at GE EFS where he led the Risk team charged with executing equity and debt investments in Global Growth Markets and then oversaw the development, financing, and construction of wind power projects in the US.
Prior to GE, Erik held various positions at CMS Energy for 11 years, focused on the development and financing of independent power projects globally, with a primary focus on Africa. Erik has also worked at the Overseas Private Investment Corporation and the Export-Import Bank of the United States. Erik graduated with a Bachelor of Arts in Economics from the University of Rhode Island and an MBA from American University (Washington, DC). He lives in Nairobi, Kenya with his wife and daughter.
Chairman, The Kenya Pension Funds Investment Consortium (KEPFIC)
I am a qualified actuary and CEO of the Zamara Group with over 30 years’ experience in actuarial, pensions and investment consultancy gained both in the UK and in Kenya. I help individuals, businesses, institutions and governments achieve better financial outcomes and impacts for themselves and those they serve through innovative, yet simple advice and solutions.
I championed the formation of the Kenya Pension Fund Investment Consortium (KEPFIC), a group of 18 leading pension funds in Kenya with an asset base of over USD3bn who have come together with a common purpose of collaborating to make long term investments, including investments in non-traditional asset classes such as infrastructure and housing amongst others.
As a business leader, my firm belief is “in living and working to a higher purpose” and positioning Zamara as a business that responds to a higher purpose of creating a financially secure and prosperous society.