Prof. Njuguna Ndung’u, is the chairman, Board of Directors at Banque populaire Du Rwanda, Part of Atlas Mara. He is an Associate Professor of economics at the University of Nairobi, Kenya.
Njuguna has been the Governor of the Central Bank of Kenya from March 2007 to March 2015, having completed the two terms of 4 years each as set by the law. He has become the first Governor in Kenya to complete two terms since the law was put in place in 1982. Prior to this appointment as Governor, he was the Director of Training at the African Economic Research Consortium (AERC), a capacity building network in Africa in economic policy and analytical capacity. He has taught economics at the University of Nairobi, has worked with the International Development Research Centre (IDRC) and at the Kenya Institute of Public Policy Research and Analysis (KIPPRA), a government think-tank as a Principal Researcher. This is where he led the team to develop a macro model for Kenya in 2001 and it has been used as a training tool by most countries in eastern and southern African Region. He has been a member of various regulatory boards in the financial sector in Kenya. He has been a member of the National Economic and Social Council (NESC), an advisory committee for the government and in the Kenya’s Vision 2030 Delivery Secretariat. He was the founding chair of the Steering Committee of the Alliance for Financial Inclusion (AFI) based in Bangkok, Thailand from 2009 until Sept 2012, it was formed in 2009 to promote financial inclusion in Africa, Asia and Latin America. Prof Ndung’u has also chaired the African Mobile Phone Financial Services Policy Initiative (AMPI), a sub-network of AFI that promotes financial inclusion in Africa via the mobile phone financial services. He has been a member of the Committee of Ten (C10) comprised of five African Finance Ministers and five Central Bank Governors representing the 5 regions of Africa. This Committee, formed during the global financial crisis, was mandated to look into ways of mitigating the crisis through appropriate policy response; communicating and coordinating Africa’s response and required global reforms especially in the world’s financial architecture. He is a researcher and trainer in various fields of economics. He has published in journals and chapters in volumes on inflation, exchange rate, economic growth and poverty reduction. He holds a PhD in economics from Gothenburg University, Sweden, a Bachelors and Masters of Arts in Economics from the University of Nairobi and is an Associate Professor of Economics from the University of Nairobi. In recognition of his role in national economic development, His Excellency the President of the Republic of Kenya conferred the Award of First Class of Chief of the Order of the Burning Spear (CBS) on Prof. Ndung’u in 2009.
Musemakweli David, is an Independent Non-Executive director on the Board of BPR Part of Atlas Mara, He has vast knowledge and experience in consultancy on different projects both local and international where he has served as an Individual Consultant contracted by Tetralink Taylor & Associates-EAST AFRICA carrying out a Functional Analysis and Capacity Needs Assessment for institutions from 2013-2014 where some of his assignments involved functional analysis and capacity needs assessment that covered the three institutions, namely: MINICOM, NAEB and RDB’s Tourism and Conservation and Agriculture and Development departments. The analysis was carried out at three levels: institutional, organizational and individual.
Prior to that David Served as a National Consultant and Assistant Team Leader at the National Capacity Building Secretariat (NCBS) where he carried out assessments of Capacity Building Status for key priority sectors considered to be the driving force for economic development, these are the Ministries of Infrastructure, Agriculture, Commerce, Youth, the Private Sector, the Mining sector and the Ministry of Local Government including their affiliated institutions. The assignment was to assess capacity building at three levels: institutional, organizational and individual levels taking into consideration of "capacity creation, capacity utilized and capacity retained" and provide a report on achievements, challenges, recommendations and lessons learned in capacity building initiatives with reference to 2010/2011 and 2011/2012 financial years.
Prior to that he was the Executive Secretary of The National Tender Board where he conducted capacity building needs for the newly established institutions (in 1997 – 2000) namely; The National Tender Board in charge of Government Procurement, the Privatization Secretariat in charge of divestiture of government owned businesses and the Office of the Auditor General mandated to audit government finances; To put in place institutional, managerial and operational structures and recruit personnel for the new institutions; To provide an inventory of capacity assessment needs for the institutions in order to meet capacity building requirements in their operationalization.
While at the National tender board David coordinated Capacity Building committees that assessed capacity needs for the new organs of government at different levels of institutional, managerial and operational levels; he chaired recruitment meetings that conducted recruitment of personnel for the three institutions; the National Tender Board, the Privatization Secretariat and the Auditor General’s Office
David also served as the Public Policy Advisor/Economic Advisor to the Vice President of Rwanda from 1996 to 2000 where in liaison with the Ministry of Finance, he proposed applicable approaches to restructure public financial management including revenue collection and its administration; Provide guiding principles and implementation framework for the decentralization of public financial management, Local government and decentralization. He also Provided technical input in the process of the decentralization of public financial management from ministerial level to provincial and district levels; Worked with a technical team that initiated the privatization process for public enterprises in Rwanda including state-run telecommunication company, hotels, tea and coffee boards, sugar industry among others
He holds Master of Science (MSc.) in Public Policy and Management from University of London, UK, 2004
Chidi Okpala is a Non-Executive director at the Board of BPR Pat of Atlas Mara ,he has a distinguished career of over 20 years in Retail Financial Services and Strategy Consulting. He is currently the Group Managing Director for Fintech at Atlas Mara Limited since January 2016, prior to that he was the Director & Head Airtel Money - Africa, overseeing Airtel Money in 17 countries across Africa. Prior to joining Bharti Airtel International, he was the CEO of Retail Banking Business for United Bank for Africa Group; managing Personal Banking in 19 African countries. He earlier worked with Accenture as a Senior Strategy Consultant in the Financial Services Industry Group. Chidi, a Chevening Scholar, holds B.Sc. Finance and an MBA from University of Nigeria. He also has a Sloan M.Sc. in Management from the London Business School.
Mrs. LINDA KALIMBA MULENGA is an Independent Non-Executive director at the Board of BPR Pat of Atlas Mara, she is the managing Partner of Trinity Law Chambers a law firm established in 2015.She recently concluded her diplomatic tour of service as the First Counsellor for the Republic of Rwanda in the United Kingdom and Republic of Ireland - a position she held for six years effective from 8th November 2007 until 5th September 2014. Mrs. Mulenga is a trained lawyer and an accredited arbitrator, who has served in various capacities as a Legal Adviser in the Rwanda Revenue Authority. In her advisory capacity, she represented Rwanda and headed several technical delegations to International meetings and conferences involved in the negotiations leading to Rwanda’s joining regional bodies such as the Common Market for East and Southern Africa (COMESA) and East African Community
(EAC) and recently the Commonwealth
She also served as the Legal Assistant to the Minister of Finance and Economic Planning and during her time of service she contributed in the Law reform process of Rwanda’s Tax Laws and also represented Rwanda in the team that drafted the current Management Act of the Common Market for Eastern and Southern Africa. Mrs. Mulenga also dedicated time to the pursuit of broader developmental and humanitarian issues during her diplomatic tour of service and served for two consecutive terms as the Deputy Secretary of Women in Diplomatic Service Group (WDS) in the United Kingdom. This organization raises funds to provide training for young women diplomats from member countries. The Group is open to all women diplomats and members of the International Business Community, and has as its motto, Pro Patria. The Group functions on the logic that through helping each other, women diplomats also help to promote their countries.
Linda holds a Law Degree from Butare National University, Rwanda and aMaster’s degree in Economic Law from the University of Warwick, UK.
HABINEZA Emmanuel, isan Independent Non-Executive director at the Board of BPR Pat of Atlas MaraServed as Director of Administration and finance, of Rwanda Cooperative Agency (RCA). He has extensive experience in the area of Accounting and
Finance and has served in Public Financial Management since 2006 in various capacities including Accountant of National Tender Board and thereafter Rwanda public Procurement Authority. Prior to that, Emmanuel was a consultant for Centre d’Appui aux Petites et moyennes Entreprises au Rwanda (CAPMER) as a trainer of trainers in the area of entrepreneurship, financial management and project management.
Emmanuel also has experience in financial sector as he served as chairman of Control committee of Banque Populaire de Masaka since 2006 and before merging with other Banque Populaires (SACCO) to form the current BPR Ltd. Since 2008 he served as member of shareholders representative committee and council in BPR Ltd. He has experience in education sector as a part time lecturer of accounting and finance courses at INILAK, and the chairman of the Board of APAER, a parent high school. Emmanuel holds a Bachelors degree of Business Administration in Accounting from Kigali Institute of Sciences, Technology and Management (Rwanda). He is also pursuing Association of Certified Chartered Accountants (ACCA-UK) qualification at level III. Mr. Emmanuel is married with 3 children.
Maurice Toroitich is an Executive Director at the Board of Directors and the Managing Director and CEO of Banque Populaire du Rwanda since September 2017. Prior to his current appointment, Maurice Toroitich held a similar role in KCB Bank Rwanda Limited over a period of 8 years. During this period, he led KCB Group entry into the Rwanda market and established KCB Bank Rwanda Ltd as a greenfield operation by effectively championing the development of a wide array of market driven products and services leading to the acquisition of a 9% market share within the 8 year period.
Prior to joining KCB Group, Maurice had a long career of 15 years with Stanbic Bank Kenya Ltd where he held various senior assignments in Corporate Banking, Retail and Credit. Maurice has been engaged in several projects in the financial services area including the formation process of Stock Exchanges in Rwanda and the regulations of Capital Markets Authority in Rwanda. He has been associated with several landmark transactions in sectors such as telecommunications, power, consumer, food products and airlines in different countries.
He provided leadership in pioneering the introduction of electronic payment systems, Agency Banking, SME financing programs, entrepreneur development facilities and other important financial initiatives. Maurice has worked along with governments, private and public sector, DFI’s and multilateral agencies on handling sovereign debt issues, infrastructure financing and other development initiatives in Eastern Africa.
Maurice has been the Chairman of Rwanda Bankers Association for two years and Chairman of the Board of Trustees of Stanbic Bank Staff Pension and Life Assurance Scheme from 2004-2008. He is a certified Stanbic Bank’s Balanced Score Card (BSC) trainer.
Maurice holds a Master of Business Administration degree from Strathmore Business School, he also holds a Bachelor of Commerce (Accounting Option) from the University of Nairobi.
He is an Associate of the Chartered Institute of Bankers, London (ACIB-London) and a Certified Public Accountant - CPA (K).
Mrs. Beatrice Hamza Bassey joined the board of Banque Populaire as a Non-Executive Director in 2017.
She is currently the General Counsel and Chief Compliance Officer at Atlas Mara Co-Nvest Limited. A lawyer of great repute with extensive experience in corporate governance and financial institutions, she is an authority in compliance and represents clients globally in compliance and anti-corruption matters.
Mrs. Bassey interfaces with U.S. and international regulators, designs integrated compliance programmes, policies and procedures tailored to client specification, internal investigations and more.
She holds an LL.B in Law from University of Maiduguri, Nigeria, a BL in Law from the Nigerian Law School and an LL.M from Harvard Law School. She was called to the Nigerian Bar in 1995 and the New York Bar in 1999. She is a Fellow of the prestigious David Rockefeller Fellows Program of the Partnership for the City of New York.
Gerrit is a Non-Executive director at the Board of BPR PLC. He has 16 years’ experience in the industry, 12 of which include dealing with African private equity. Before joining Arise, he was employed as a member of Norfund’s Financial Institutions Department for seven years and sat on the advisory board of a number of renowned private equity funds. Before Norfund, he was a private equity executive at RMB Corvest, a private equity company within the FirstRand Group. He started his career at PwC Transactions, where he performed various due diligence and valuation assignments.
Gerrit is a qualified Chartered Accountant and trained at PwC. He also holds a Bachelors and Honors of Commerce and Accounting from the University of Pretoria.
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