Director General/Chief Executive Officer at Kenya Development Corporation

JOB REF: KDC/1745/2023

Duties and Responsibilities:
The Director General is responsible for overseeing the following key functions:-

• Be the Accounting Officer in line with section 67 of the PFM Act 2012 (PFMA), and perform the functions of the Accounting officer in line with the PFM Act 2012 and PFM Regulations 2015,
• Be responsible for the day-to-day operations of the organization,
• To foster development and growth of industries with a special focus on sector-specific clusters,
• To promote, support and provide a wide range of relevant and market driven Business Development Support and Advisory Services including linkages to markets, raw materials and ICT knowledge,
• To offer, provide and support provision of accessible, affordable and sustainable credit and financing; including medium term to long term corporate and SMI loans; Asset Finance; Leasing and Factoring; and programs that support Financial Service Providers (FSPs) who offer credit and financial services to SMIs,
• To provide medium & long-term finance and related financial and corporate Advisory Services to medium and large-scale industrial enterprises through innovative business models like Equity investments, Private Equity (PE) and Venture Capital (VC), Joint Ventures (JVs) and Strategic Partnerships,
• To source, participate in and or provide Debt/Equity Financing, Working Capital Finance, Equipment and Machinery finance; Leasing; and other specialized Debt/Equity Financing to enhance industrial development and access to industrial credit to local enterprises,
• To source, participate, and provide accessible and affordable project and development finance, and related management advisory services, to facilitate long-term investment in Priority Sectors of the economy and their Flagship Projects,
• To develop, provide and support Management and Advisory Services,
• To foster a business and investment climate conducive to industrial development and growth of the country as a diversified services hub in collaboration with relevant national and country government agencies,
• To advise the Government of Kenya on appropriate policies for development finance and related services,
• Provide leadership to senior management and staff,
• Prepare the annual budgets and establish proper internal controls,
• Be responsible for the execution and communication of the Board’s strategies, decisions and policies,
• Develop and recommend to the Board the annual business plans for the organization,
• Ensure that the organization has an effective management structure, internal controls and processes,
• Ensure that all Board papers are accurately written, are relevant and are availed to the Board members in good time,
• Serve as the link between the Board and the Management,
• Be responsible for the achievement of the objectives of the organizations,
• Put in place effective administrative structures, processes and systems,
• Provide regular, thorough and prompt communication to the Board on key technical, financial and administrative matters,
• Undertake the Accounting Officer’s role as provided for under the Public Procurement and Asset Disposal Act (PPADA) 2015, and 
• Be responsible for stakeholder management and the enhancement of the corporate image of the organization.

Job Specifications:

• Successful candidates MUST have the following minimum qualifications:
• A minimum period of fifteen (15) years’ relevant work experience, ten (10) years of which must be in Senior Management,
• Bachelor’s degree in a relevant field from a recognized University,
• Master’s degree in a relevant field from a recognized University,
• Professional qualification and membership to a professional body in good standing where applicable,
• Leadership course lasting not less than four (4) weeks from a recognized institution,
• Proficiency in computer applications,
• Have knowledge and a clear understanding of the DFI sector,
• Demonstrate a clear understanding of local, national and international banking and DFIs. 

Key competencies and Skills:

• Strong analytical skills
• Communication skills
• Strategic and innovative thinking
• Strong interpersonal skills
• Ability to mobilize resources
• Negotiation skills

Qualified candidates will be required to satisfy or demonstrate having initiated the process of complying 

• with the requirements of Chapter Six (6) of the Constitution of Kenya 2010;
• Certificate of Good conduct from Director of Criminal Investigation (DCI);
• Clearance certificate from Higher Education Loans Board (HELB);
• Tax Compliance Certificate from Kenya Revenue Authority (TCC);
• Clearance from Ethics and Anti-Corruption Authority (EACC); and
• Report from an approved Credit Reference Bureau (CRB).