The Chief Executive Officer of Kenya Private Sector Alliance (KEPSA) Carole Kariuki has been appointed to the Nairobi Securities Exchange (NSE) board effective June 9, 2022. This follows the retirement of Paul Vollant (Non-Executive Director) who retired from the board on June 3, 2022, after serving for six years.
At KEPSA, she has spearheaded public private dialogue platforms with all levels of government to move the World Bank Doing Business Index for Kenya from a high of 136 in 2014, to 56 in 2020, among other achievements.
She has previously held roles at Sagamore Policy and Research Institute, Indianapolis and Barclays Bank of Kenya Limited (now Absa Bank Kenya Plc). Ms. Kariuki sits on various Boards and has received a number of awards and recognitions, including Presidential awards for National Development Contribution to the Country.
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She holds a Bachelor of Arts Degree in Economics and Sociology from the University of Nairobi and a Master’s Degree in Public Administration from Bowling Green State University, Ohio, USA.
Also appointed to the board is Mr John Niepold who has over 25 years of experience in frontier investing in Africa and the Middle East.
In 2010, he founded SQM Frontier Management LLP and served as the Managing Partner and Portfolio Manager for the firm’s Frontier Africa
Fund. Prior to founding SQM, Mr. Niepold was a Portfolio Manager and Partner at Emerging Markets Management (EMM) where he launched and managed the first fund dedicated to investing in Africa’s frontier stock markets among other achievements.
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Mr Niepold also served as an equity analyst in Southeast Asia for Crosby Securities and as an independent consultant covering frontier markets
throughout the world.
Mr. Niepold has a Bachelor of Arts degree in Economics from Davidson College and a Master of Business Administration degree from the Kenan-Flagler Business School at the University of North Carolina/Chapel Hill.
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