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Unit Trust

Fund Manager: Zimele

The role of the fund manager is to ensure funds are invested prudently.

Trustee: KCB Bank

The role of the Trustee is to safeguard the interests of members.

Custodian: Standard Chartered Bank

The role of the custodian, who must be affiliated to a commercial bank, is to keep all investment certificates and money safely on behalf of members.

Regulator: Capital Markets Authority (CMA)

The role of the regulator is to license the fund manager and make the rules of the market.

Pension plans

Fund Manager: Zimele

The role of the fund manager is to ensure funds are invested prudently.

Trustee: MTC Trust & Corporate Services

The role of the Trustee is to safeguard the interests of members.

Custodian: KCB

The role of the custodian, who must be affiliated to a commercial bank, is to keep all investment certificates and money safely on behalf of members.

Regulator: Retirement Benefits Authority (RBA)

The role of the regulator is to license the fund manager and make the rules of the market.

Board of directors

Dr. David Ndii

Chairman

George Ooko

Non-Executive Director

Njeri Kariuki

Njeri Kariuki, SC

Non-Executive Director

Peter Waa

Non-Executive Director

Dr. Thomas Kiyai

Independent Director

Caroline Karanja

Independent Director

Financial Reports​

ZIMELE ASSET MANAGEMENT 2025 AUDITED ACCOUNTS

ZIMELE UNIT TRUST 2025 AUDITED ACCOUNTS

ZIMELE ASSET MANAGEMENT 2024 AUDITED ACCOUNTS

ZIMELE UNIT TRUST 2024 AUDITED ACCOUNTS

ZIMELE PENSION 2024 AUDITED ACCOUNTS

ZIMELE UNIT TRUST 2023 ACCOUNTS

ZIMELE UNIT TRUST 2022  ACCOUNTS

ZIMELE PENSION 2022 ACCOUNTS

14th AGM Minutes

ZIMELE UNIT TRUST 2020 AUDITED ACCOUNTS

ZIMELE PENSION PLANS

Dr. David Ndii - Chairman

Dr. David Ndii is a Rhodes scholar and Eisenhower fellow. He holds a bachelor’s degree and a master’s degree in economics from the University of Nairobi; and a master’s degree and a doctorate degree in Economics from Oxford University. He has vast experience in economic research, policy analysis and corporate strategy having worked with governments, think tanks and corporations, both regionally and internationally.

He has previously held the position of chief economist at Equity Bank Group and was a founder member of the Institute of Economic Affairs (IEA Kenya) and Africa Economics. Dr. Ndii also served as a public finance expert to the Kenya Constitutional Review Committee of Experts (COE). He was an Economic advisor to the government of Rwanda and advised the NARC administration on the Economic Recovery Strategy (ERS) which is widely credited with the post-2003 economic recovery in Kenya. He has also consulted for international development institutions and advised leading corporations in East Africa on strategy.

Dr. Ndii is currently serving as the chairperson of the President’s Council of Economic Advisors (CEA).

George Ooko

George Ooko holds a Bachelor of Commerce and Masters of Business Administration degrees from the University of Nairobi. He has vast experience in both the private sector and the public sector.

He has previously held the position of Chief Executive Officer of the Coffee Development Fund; Secretary of the Commission on Revenue Allocation (CRA); and director of retail banking at the banks formerly known as Barclays Bank (now Absa Bank) and NIC Bank (now NCBA Bank). He is the former Chairman of the Kenyatta National Hospital Board.

Njeri Kariuki, SC

Njeri Kariuki is a Senior Counsel, Chartered Arbitrator, and Accredited Mediator who practises from Nairobi with her primary profession being grounded in the Law, being an Advocate of the High Court of Kenya.
Njeri:

  • was conferred the rank of Senior Counsel in December 2025
  • is a Fellow of the Chartered Institute of Arbitrators
  • has been cited in Chambers Global since 2014 to date as a Leading Individual
  • is a Government of Kenya Nominee to the Panel of Arbitrators at ICSID
  • in May 2018, was appointed to the ICC International Court of Arbitration as the Member representing Kenya
  • has recently been cited as one of the top 30 African arbitrators

Njeri’s arbitration, litigation, certified secretary, conveyancing and mediation practice covers a range of domestic and international commercial matters and on account of delving into the realm of adjudication, became a DRBF Member, and thoroughly enjoyed a 3-year stint as Chair of a Dispute Adjudication Board set-up to midwife an international geothermal project to fruition. Njeri is also a Tutor & Trainer with the Chartered Institute of Arbitrators and conducts courses and assessments in Kenya and anywhere else her services may be required.

Peter Waa

Peter is a businessman and consultant with extensive experience in the IT industry. He is the managing director of Paysure Limited, an online payments solutions provider.

Dr. Thomas Kiyai

Dr. Thomas Kiyai is an independent director and chairs the audit committee. He is a seasoned professional with over 30 years of extensive experience in auditing, financial management, accountancy and strategic management.

He has held various leadership positions at esteemed institutions such as director of finance at KCB Bank Kenya and Chief Executive Officer and Managing Director at Consolidated Bank of Kenya.

He is a member of the Institute of Certified Public Accountants of Kenya (ICPAK) and a graduate of Oxford Executive Leadership Program, reflecting his commitment to professional excellence and continuous learning.

He holds a Doctorate of Business Administration (DBA) in Finance at Catholic University of Eastern Africa.

Caroline Karanja

Caroline Karanja is an Independent Director and Chairs the Risk Committee. She has over 20 years of strategic and operations experience.

With a diverse career spanning NGOs, entrepreneurial ventures, and commercial trade, Caroline brings on board extensive expertise including Financial Law, Change Leadership, Corporate Governance, and Sustainability.

Caroline has held key roles in various organizations, including the Association of Women Accountants of Kenya (AWAK) and the Institute of Certified Accountants of Kenya (ICPAK) where she is a ICPAK council committee member.

Caroline is a member of ICPAK, ICPSK, WOBN, AWAK, CCG, and Toastmasters International.