National Treasury Announces Applications For Ruto’s NIF CEO; How To Apply
The National Treasury has opened applications for the position of Chief Executive Officer (CEO) of the Ksh5 trillion National Infrastructure Fund (NIF).
This recruitment was confirmed in a notice on July 13, following the constitution of the fund’s Board of Directors by the Treasury Cabinet Secretary, John Mbadi, last week.
As per the notice, the most viable candidate for the role will report directly to the Board of Directors upon hire and will be required to provide strategic, commercial, and operational direction as the fund seeks to become fully operational soon.
“The Board of Directors invites applications from exceptional investment professionals to serve as the Fund’s Chief Executive Officer,” stated the notice.
“This is a unique opportunity to establish and lead one of Africa’s premier infrastructure investment institutions.”
The successful candidate will be central to building a high-performing organisation from the ground up.
This will include mobilising capital, originating investments, developing strategic assets, and ensuring capital continues to flow into future projects.
Additionally, the candidate will also be responsible for capital mobilisation from institutional investors, pension funds, sovereign wealth funds, and development finance institutions.
The CEO will also be tasked with structuring innovative financing solutions and nurturing long-term partnerships with investment partners.
Qualification Criteria
To qualify, applicants must hold at least a Bachelor’s degree in Finance, Economics, Business Administration, Engineering, Law, or another related field.
The candidate is also required to have a Master’s degree or a professional certification, such as Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), or Chartered Accountant (CA), which may come in handy.
The candidate also needs a minimum of 10 years of experience in investment management, private equity, infrastructure, or project finance, with at least 5 years in a senior executive leadership role, such as CEO, Managing Director, or Chief Investment Officer (CIO).
Applicants must show a senior role in raising capital from institutional and development finance sources, with a record of structuring and executing large, complex infrastructure deals from start to finish.
They should also have worked closely with boards of directors at a senior level, and prior board membership in commercial, financial or regulated institutions is considered an added advantage.
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Governance experience is another key requirement, as the successful candidate will lead high-stakes discussions with major institutions and oversight bodies.
Once appointed, the CEO will serve on a fixed-term, renewable contract under the National Infrastructure Fund Act, with continuation in office dependent on satisfactory performance throughout the contract period.
In this regard, Treasury makes it clear that continuation in office will depend on satisfactory performance throughout the contract period.
“The Chief Executive Officer shall be appointed by the Board of Directors in accordance with the provisions of the National Infrastructure Fund Act and shall serve on a fixed-term renewable contract, subject to satisfactory performance,” stated the Treasury.
Shortlisted candidates will need to prepare key documents before their interviews, including a detailed CV with three referees, a national ID copy, and clearance certificates from KRA, EACC, DCI, HELB, and a Credit Reference Bureau.
Applications should be sent in plain, sealed envelopes addressed to the Secretariat at the Treasury Building on Harambee Avenue or emailed to the official addresses through nifceosselection@treasury.go.ke or nifceosselection@gmail.com by the deadline of 5pm on Friday, July 31.
National Treasury Announces Applications For Ruto’s NIF CEO; How To Apply
