Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Paul Kukubo (R) at a previous function in his capacity as CEO of the Kenya ICT Board

Kenya

Kukubo exits ICT board, heading to Rwanda

Paul Kukubo (R) at a previous function in his capacity as CEO of the Kenya ICT Board

Paul Kukubo (R) at a previous function in his capacity as CEO of the Kenya ICT Board

NAIROBI, Kenya, Feb 19 – After serving two terms as Chief Executive Officer of the Kenya ICT Board, Paul Kukubo will be leaving his post come July 2013,marking the end of his second three-year contract.

Since taking office in August 2007 as founding CEO, Kukubo has effectively managed the board’s functions by promoting and facilitating the development of information and communication technology products and services as well as extending counsel to the government on matters pertaining to the development, coordination and promotion of information and communications technology industries in the country.

In the six years, Kukubo’s efforts to grow the local ICT market as well as promote Kenya as an ICT investment destination saw Kenya successfully promoted both locally and internationally as an ideal ICT investment destination and he continues to be a great asset to the board and the country.

Kukubo is expected to assume office in July as the Chief Executive Officer of the East Africa Exchange (EAX) in Rwanda.

EAX Rwanda is the first part of a regional exchange intended to increase transparency in the region’s commodity markets.

Through private-sector-led investment and under the terms of an agreement signed with the Government of Rwanda, the East Africa Exchange aims to increase regional market efficiency and liquidity as well as giving the region’s population of 130 million, especially smallholder farmers, better access to markets.

Powered by NASDAQ OMX, the exchange will initially focus on establishing an auction facility and spot trading for agriculture and non-agriculture commodities, but will also develop futures trading across East Africa.

Its investors are Berggruen Holdings (a part of the Nicolas Berggruen Charitable Trust and advised by the Berggruen Institute on Governance), Heirs Holdings, 50 Ventures and Rwandan led Ngali Holdings.

Kukubo was chosen for his transformative leadership of the information technology space in Kenya and strong entrepreneurial experience in start-ups and he joins an experienced team of Africa advisors that include Roderick Gravelet-Blondin, former Managing Director for the South African Futures Exchange and Stella Kilonzo, former Chief Executive Officer of the Capital Markets Authority in Kenya.

EAX will complement the East Africa Community’s (EAC) goal of regional economic integration as set out by the Common Market Protocol, increasing liquidity, sustainability of regional financial and commodity markets and supporting the EAC’s competitiveness globally.

Advertisement. Scroll to continue reading.

EAX will also uplift national and regional economies by reducing market barriers to trading, providing a transparent regional economy through a secure mechanism that facilitates financing to farmers and traders.

Berggruen Holdings, Heirs Holdings and 50 Ventures have also partnered to form Africa Exchange Holdings, Ltd (AFEX), which seeks to develop a network of commodity exchanges in Africa to transform trade dynamics and ensure higher incomes for the rural poor.

Kukubo was also a principal founder of 3Mice Interactive Media Ltd, and co-founder of Init Communications Ltd.

He holds a Global Executive MBA, a joint program between Columbia University and United States International University-Africa, and a Bachelors of Art in Economics and Sociology.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...