Amalgamated Chama Limited is run by a well competent Board of Directors. They meet every month to look into the company’s activities and a monthly communication “e-shot” is send out to all ACL members to update them on ACL activities.

The current serving Board Members are:-

Mr. David Owino

Mr. David Owino – Chairman & Member ICPAK, ICPSK, IOD. MBA

Mr. David Owino has over 10 years investment management experience at Centum Investment Company Limited, the largest listed indigenous investment company in Kenya where he currently holds the portfolio of Investment Manager in charge of the Private Equity business line valued at over Kshs 6 billion. He is an operational excellence, value creation and governance expert and serves as an alternate non executive director of Centum in over four investee companies in the manufacturing and publishing sectors. Mr. Owino also served as the Company Secretary of Centum for over 5 years to the year 2010.

He was named in the Nation Media Group Business Daily “Top 40 under 40” awards on December 4th 2012 – The awards seek to recognize young Kenyan’s achievements in the field of business, enterprise and professionalism.

Mr. Owino holds a Bachelors of Science in Business Administration from the United States International University – Africa. He is a member of the Institute of Certified Public Accountants of Kenya (ICPAK), the Institute of Certified Public Secretaries of Kenya (ICPSK) and the Institute of Directors of Kenya (IOD).

Mr. Mwai wa Kihu


Mr. Mwai wa Kihu, B. Tech, MBA, FKIM,

Mr. Mwai is a founder member and director of Amalgamated Chama Limited. He is an experienced investment and management consultant. He is also the founder and CEO of Kenya Productivity Institute, a Management and Training consultancy firm along with Fechim Investments Limited.

He has been a Board Member of Retirement Benefits Authority, Capital Markets Authority, Association of Professional Societies of East Africa (APSEA), a Fellow and Life Member of Kenya Institute of Management; Board Member, Agricultural Business Development (ABD), a DANIDA/GoK Programme; Member, Institute of Directors; Life Member, Kenya-India Friendship Association, (KIFA), Member, Institute of Economic Affairs and the East African Kennel Club.

Mr. Patrick Kariuki


Mr. Patrick Kariuki CPA-K, MBA, BA Econ,

Director, KAIG Nominee.

Mr. Kariuki is a founding member of Amalgamated Chama Limited. He is a senior executive and shareholder of Genesis Kenya, a leading fund management company. He is also the Chairman and founder of Kenya Association of Investment Groups (KAIG) – The brain child behind ACL.

He is a member of the Institute of Certified Public Accountants of Kenya (ICPAK), the Institute of Certified Public Secretaries of Kenya (ICPSK) and the Institute of Directors of Kenya (IOD).

 Mrs. Josephine Chepkoech

Ms. Josephine Chepkoech – Board Member

Mrs. Josephine Chepkoech is one of the ACL Board of Directors appointed to be in-charge of assessing and approving business opportunities on behalf of the investors, ACL strategic plan, budgeting and human resource.

Having previously worked in institutions such as The Jomo Kenyatta Foundation and other various non-governmental organizations, she has vast 10 year experience in Business Administration, Marketing, Customer Service, Public Relations, Media Relations, Events and Human Resource Management.

She is currently pursuing her master’s degree in corporate communication at Daystar university.

 Mr. Edwin Ihura