The Kenya Private Sector Alliance (KEPSA) has appointed Amb. Dennis Awori as the new KEPSA Chair. Amb. Awori who is also the Chairman of Toyota East Africa takes over from Mr. Vimal Shah, the BIDCO Africa CEO who served the Board of KEPSA as chair for two years. Members also appointed Dr. Laila Macharia to serve as the deputy Vice Chair for a second term. These appointments come after a successful Annual General Meeting held yesterday on 7th May 2015 at Sarova Panafric Hotel.
A new Board of Directors was also appointed to serve on the Board for two years. According to the KEPSA Memorandum and Articles of Association (M&A), at least a third of the board members retire by rotation every two years. Board members can only serve an absolute limit of three two-year terms.
In accordance with Article 77 of the KEPSA M&A, six directors were appointed from the Business Membership Organizations; five directors were appointed from Corporate Members; and, four additional directors are to be appointed after taking into account the gender, expertise, and sector representation balance in the overall composition of the Board.
The AGM also appointed various chairs for the Governing Council.
The KEPSA Foundation logo was also unveiled during the AGM. The Foundation’s focus is to implement social interventions aimed at meeting the social economic challenges facing the country as KEPSA focuses on its core mandate as the apex body of the Private Sector.
In his address to the AGM, Amb. Awori, says the Foundation will implement social projects that affect national development and impact on vulnerable groups such as the youth and women. “While KEPSA focuses on public-private dialogue engagement to address policy and legislative issues on behalf of its members, the Foundation will focus on other areas that are important in improving the business environment”, he explained.
The Cabinet Secretary for Industrialization and Enterprise Development, Mr. Adan Mohamed who was the Chief Guest during the AGM, said that the Government will continue supporting initiatives driven by the Private Sector. He noted that the collaboration between the Private Sector and the Government was a learning point for other African countries. He challenged Kenya’s Private Sector to become globally competitive and not limit itself to regional competitiveness. “We need to know how to compete with the world beyond competing locally and regionally”, he said.
KEPSA CEO, Ms. Carole Kariuki, highlighted key organizational developments since the last AGM. KEPSA had continued to play a critical role in advocating for an enabling business environment and Kenya’s overall economic growth remained resilient in spite of the spouts of security challenges.
Ms. Kariuki adds that KEPSA continues to strengthen its engagement structures to meet the needs of its members and support investment through policy reforms which were critical to the country’s development agenda. The engagement structures were anchored on the National Business Agenda II (NBA), whose five year strategic focus is aligned to the overall goals of the National Vision 2030.
The CEO noted the phenomenal growth in membership over the past year. KEPSA realized a 74 per cent increase in membership subscriptions with 57 new members joining in 2014 while and additional 23 new members subscribed during the first quarter of 2015. 13 members reinstated their membership increasing the paid up membership to 204 members in 2014 compared to 111 paid up members in 2013.
Outgoing KEPSA Chair Mr Vimal Shah highlighted the numerous Public-Private Dialogue (PPD) platforms established by KEPSA in pursuit of action-oriented advocacy on behalf of its Members. These include the Presidential Roundtable (PRT), Ministerial Stakeholders Forums (MSFs), among others. Two additional engagement platforms – the Regional Ministerial Forum and the Sector Working Groups – had been recently established.
The Economic Diplomacy Committee continued to play an important role in to coordinating in-bound and out-bound business delegations to enhance investment opportunities. Mr Shah also highlighted some of the partnerships that have been established as well as the impact and achievements of the Alliance’s Work.
The AGM was attended by KEPSA members drawn from Business Membership Organizations and Corporates.