NIF begins search for CEO
The National Infrastructure Fund (NIF) has begun recruiting its first Chief Executive Officer (CEO) as the government moves to operationalise the state-backed investment fund established to finance major infrastructure projects across the country.
In an advertisement published in local newspapers, the fund said the successful candidate will report to the Board of Directors and provide strategic, commercial and operational leadership during the establishment of the institution.
The CEO will be responsible for setting up the fund, implementing its investment strategy, mobilising domestic and international capital, developing bankable investment opportunities and overseeing its day-to-day operations.
According to the advertisement, applicants must possess at least a bachelor’s degree in finance, economics, business administration, engineering, law or a related field. A master’s degree or professional qualifications such as Chartered Financial Analyst (CFA), Certified Public Accountant (CPA) or Chartered Accountant (CA) will be an added advantage.
Candidates are also required to have at least 10 years of experience in investment management, infrastructure finance, private equity, project finance, investment banking or development finance, including a minimum of five years in a senior executive position such as Chief Executive Officer, Managing Director or Chief Investment Officer.
The recruitment comes just days after Treasury Cabinet Secretary John Mbadi appointed six members to the fund’s Board of Directors as part of efforts to make the institution fully operational.
The board comprises James Mworia Mwirigi, the Chief Executive Officer of Centum Investment Company, alongside Fahima Ali Ahmed Zein, Christopher Kibui Maranga, Latoya Ouna, Lawrence Kibet and Mohammed Abdirahman Hassan.
The National Infrastructure Fund was established under the National Infrastructure Fund Act, 2025, to mobilise financing for strategic national projects, including roads, railways, ports, energy infrastructure and agribusiness.
The fund is expected to raise capital through government allocations, privatisation proceeds, private sector investment, grants and loans.
In April, President William Ruto appointed the fund’s governing council, chaired by Treasury Cabinet Secretary John Mbadi, to oversee its implementation and guide its operations.