Former Kenya ICT Board Chief edits LinkedIN page to reflect new role

Paul Kukubo ICT Board

Former Kenya ICT Board CEO has just updated his bio to reflect his new role. This comes after the come to an end of this year’s Connected Kenya, 2013 which marked his last moments at the helm of Kenya ICT Board.

His last day in office was on 24th of May and he marked this with a tweet.

His new role is CEO at East Africa Exchange and his miniature current bio for that reads that he will be leading the team that is operationalizing the exchange in Kigali Rwanda. See below what I was able to gather about East Africa Exchange.

East Africa Exchange (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.

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.

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

The position of the next ICT Board CEO is still under speculation by many including us and as we were having the Gala dinner at Connected Kenya during the last day, Kamau Mbote of Human IPO told me that he asked current ICT Board Deputy CEO and Marketing Director Eunice Kariuki whether she expects to be the next CEO and her response was that it’s too early in the day to assume that.

I have reached out to Paul on what he thinks about his stay at the helm of ICT Board, will update when and if I get this feedback.