The Board of


The Board of Directors

Daniel Njiru

Daniel Mugendi Njiru, PhD.


Prof. Mugendi is a renowned scholar, researcher, consultant and higher education leader. He has made significant contributions in the area of agro-ecosystems research and management as well as the development of University education in Kenya. He is currently the Principal of Embu University College - a constituent college of the University of Nairobi. He is the Chairman of Board of Trustees of Kenya Forestry Research Institute ("KEFRI"). He has previously served as the Deputy Vice-Chancellor of Finance, Planning and Development at Kenyatta University and also as the Dean of the School of Environmental Studies and Human Sciences. Prof. Mugendi holds a BSc. from Moi University, MSc. From University of Nairobi and a PhD from University of Florida.

Madhav Bhalla

Madhav Bhalla, LLB


Madhav is a Founding Partner at the law firm of Taibjee and Bhalla, a well established Litigation and Commercial law firm based in Nairobi, Kenya. Madhav possesses over 16 years of experience across transactional and commercial work, corporate advisory, banking, employment law, commercial & civil litigation, intellectual property, trusts and specialises in real estate conveyancing and property law. Madhav is the Hon. Legal Counsel to the Retailers Trade Association of Kenya (RETRAK) and serves on the board of many local trusts, charities and foundations. He holds a LL.B. (Hons) from the University of Birmingham and a Dip Law from the Kenya School of Law.

Antti-Jussi Ahveninen

Antti-Jussi Ahveninen, MSc.


Antti-Jussi Ahveninen is a real estate funds specialist with 12 international institutional real estate funds managed, all with excellent track record. He currently heads the international real estate funds operation of Finland based Taaleritehdas Private Equity Funds. Taaleritehdas Oyj is a NASDAQ OMX listed financial services house with over USD 4 billion under management. Antti has previously set-up and headed the real estate funds operation for the investment banking arm of one of the largest banks in Saudi Arabia based in Riyadh, and before that was a fund manager with one of the world's largest real estate investors based in London covering Africa, Middle East, London and briefly Asia. In addition to Cytonn Investments (Kenya), he also sits on the boards of TT Africa Real Estate (Mauritius), Liberty Real Estate (Mozambique) and Kigali Heights Development Company (Rwanda). He has an MSc in Real Estate Finance from Swedish School of Economics and Bachelor's degree from Helsinki School of Economics. Antti is also a lecturer with Aalto University School of Engineering (formerly Helsinki University of Technology), with studies undertaken in Japan and USA.

Nasser Olwero

Nasser Olwero, MPhil.


Nasser is the Director of Information Science at the World Wildlife Fund (WWF) in the United States, with over 16 years of experience. He advises on technology application creating an interface between conservation science and Information Technology and Systems and has built various tools to support conservation. His interest is on the intersection of conservation science and technology examining and applying various information systems to aid conservation efforts around the world. His current projects involve assessment and mapping of natural capital and developing spatially explicit land use change scenarios. He blends the fields of conservation and technology with a long history of spatial data analysis and modeling, data management and curation, programming, graphics and visualization, ecosystem services and natural capital mapping. Prior to joining WWF, he was the manager of GIS and Technology at Mpala Research Center in Laikipia. He has been involved in various natural capital projects and training in Uganda, Tanzania, Mozambique, Indonesia, Thailand, Bhutan, Mexico, Myanmar and Cambodia. He holds an MPhil. Degree in Environmental Information Systems from the School of Environmental Science, Moi University, Kenya.

James Maina

James Maina, MA


James is the Assistant Director at the Ministry of Lands Housing and Urban Development (MoLH&UD) (Directorate of Nairobi Metropolitan Development) a position he has held since 2010. He brings with him over 15 years of experience in urban planning and management; spatial planning, preparation of master plans and local plans, zoning and development control, traffic management and decongestion, all gained with the Nairobi City Council and his current position. He holds a Masters Degree in Urban and Regional Planning from the University of Nairobi, as well as a BA from the same institution.

Michael Bristow

Michael Bristow, MSc.


Mike Bristow, who is the current Board Chairman of the Central Depository and Settlement Corporation Limited (an organization owned by a number of Kenyan institutions), brings to the Board a wealth of experience spanning more than 30 years of executive management and Board roles in the financial sector, including being engaged in policy and innovation development. He has worked as Managing Director/Executive Director of Barclays Bank, SSB Bank and Commercial Bank of Africa across four African countries - Kenya, Zambia, Ghana and DRC. During this time, Mr. Bristow's has served various industry professional bodies in the four countries. In Kenya, he has played a significant role in the evolution of mobile money products, including MPESA and M-Shwari. He has also coordinated and managed various SME and micro-finance schemes partnering with donors and NGOs in Kenya, Ghana, Zambia and DRC. In addition to Cytonn Investment (Kenya), Mr. Bristow sits on the boards of other key institutions including Financial Sector Deepening Africa Limited (FSDA), which is a DfID sponsored organization based in Kenya and Frontier Clearing Corp. BV based in Holland, both of which work to facilitate robust, efficient and inclusive financial markets. He has a MSC in African Politics from London University's School of Oriental and African Studies and is a Fellow of the Chartered Institute of Bankers, London.

Edwin Dande

Edwin H. Dande, MBA

Executive Director

Edwin is the Managing Partner & Chief Executive Officer of Cytonn Investments Management Limited. Edwin has over 15 years of diversified financial services experience spanning investment banking, private equity, investment management, and real estate in global and regional financial services brands such as KPMG, former Lehman Brothers, Bank of America Securities / Merrill Lynch, and Britam Asset Managers. He holds a MBA, Finance Major from the Wharton School University of Pennsylvania and Bachelor of Science Degree in Accounting from the Monmouth University. He is also a Certified Public Accountant.

Elizabeth Nkukuu

Elizabeth N. Nkukuu, CFA

Executive Director

Elizabeth is a Partner and the Chief Investment Officer of Cytonn Investments Management Limited. She has over 10 years of experience in Investment Management, having worked in various companies in Kenya holding different positions. Before Joining Cytonn, Elizabeth was a Senior Portfolio Manager at Britam Asset Managers having come from Genesis Investments as an Investment Manager. Elizabeth started her career as an Investment analyst in PineBridge Investments East Africa (formerly AIG Investments) where she specialized in research and other portfolio management duties. Elizabeth has a Master's of Business Administration (MBA) Degree (Finance) from the University of Nairobi. She graduated from the same institution with a Bachelor of Science Degree (Actuarial Science) in the year 2005. In addition to being a Chartered Financial Analyst (CFA), she is also a CPA (K).

Patricia Wanjama

Patricia N. Wanjama, CPS

Executive Director

Patricia is a Partner and the Head of Legal and Company Secretary for Cytonn Investments Management Limited. Prior to joining Cytonn, Patricia served as the Head of Legal and Assistant Company Secretary for Britam Asset Managers. Patricia has over 10 years of experience in the legal field, with a strong focus on financial and investment law. She holds an MBA from Strathmore Business School, a LL.B and is also a Registered CPSK.

Rose Kimotho

Rose Kimotho, M.B.S


Rose Kimotho is the Managing Director and Founder of Three Stones Limited, the company that operates 3 Stones TV and the first free-to-air digital television channel broadcasting in the Kikuyu-language. Prior to launching Three Stones Ltd., Rose founded and was the Managing Director of Regional Reach Limited, a company that launched Kameme FM in 1999 and K24 television channel in 2007. She has also previously worked for Nairobi Times, Ogilvy & Mather and McCann-Erickson (K) Ltd. 

Having served on various boards, Rose Kimotho brings to the Board over 20 years experience in media, communication and advertising. She is a past Chairperson of the Marketing Society of Kenya, the Media Owners Association and former Chief Trade Judge at the Nairobi International Show. 

Currently, she is a member of the Board of Directors of CfC Stanbic Bank and CfC Stanbic Holdings, Population Services Kenya Limited (PS Kenya) and PSI Kenya Limited. She is also a Trustee of Rhino Ark, a non-profit making organization working to protect the country?s water towers. Rose Kimotho was also a member of the Task Force on Press Law appointed by the Attorney General to make recommendations on laws governing the media. 

Rose was awarded Moran of the Burning Spear (M.B.S.) by the President in December 2003.