Evans Kidero, the newly appointed Chairperson of the Kenya National Trading Corporation (KNTC), formally assumed his duties on Monday, marking a significant step in the governance and strategic direction of the state-owned enterprise.
His appointment, made official by President William Ruto in a gazette notice dated November 15, 2024, comes at a critical time for KNTC as it seeks to enhance its role in Kenya’s trade and economic development.
Formal Introduction and First Meeting
Kidero was welcomed to his new role by the Principal Secretary for Trade, Alfred Kombundo, who officially introduced him to the KNTC board at the institution’s headquarters.
Shortly after, Kidero chaired his inaugural Board of Directors meeting, a crucial session aimed at setting the tone for his leadership.
The meeting focused on key governance matters, including strategic planning, financial management, and stakeholder engagement. These discussions are expected to establish a strong foundation for the corporation’s operations, emphasizing principles such as accountability, transparency, and efficiency.
Focus on Strategic Priorities
The inaugural meeting underscored KNTC’s commitment to fulfilling its mandate of stabilizing commodity prices, supporting small and medium enterprises (SMEs), and bolstering Kenya’s trade competitiveness. A statement from KNTC highlighted the importance of sound governance practices in achieving these goals.
“The establishment of sound governance practices during this meeting will help drive KNTC’s mission to promote fair trade, improve market access, and ensure the availability of essential goods across the country,” the statement read.
By focusing on strategic priorities, the new leadership aims to position KNTC as a key player in Kenya’s economic landscape, particularly in addressing market inefficiencies and promoting inclusive growth.
President Ruto’s Confidence in Kidero
Kidero’s appointment reflects President William Ruto’s confidence in his leadership abilities. Despite a prior nomination as Chief Administrative Secretary (CAS) in the Ministry of Trade not materializing, Kidero’s new role offers an opportunity to contribute to the country’s economic agenda. He succeeds Hussein Tene Debasso, whose appointment was revoked to pave the way for new leadership.
This marks a political comeback for Kidero, who contested the Homa Bay County governor’s seat in the 2022 general elections but lost to Gladys Wanga of the Orange Democratic Movement (ODM). His return to public service in the trade sector underscores his resilience and continued relevance in Kenya’s political and economic spheres.
KNTC’s Role in Economic Development
KNTC plays a pivotal role in Kenya’s economy by ensuring price stability for essential commodities, facilitating trade, and supporting SMEs. The corporation’s focus on fair trade practices and improving market access aligns with the government’s broader goals of fostering economic inclusivity and sustainability.
Under Kidero’s leadership, KNTC is expected to deepen its collaboration with key stakeholders, including government agencies, private sector players, and international partners. These efforts aim to enhance the corporation’s capacity to deliver on its mandate and contribute to national development.
A New Era of Leadership
Kidero’s appointment is being seen as a fresh chapter for KNTC. His background in both the public and private sectors positions him well to navigate the complexities of the corporation’s mandate.
The emphasis on sound governance, strategic planning, and stakeholder engagement during the inaugural meeting signals a proactive approach to addressing challenges and unlocking opportunities for growth.
Vision for the Future
As Kidero takes the reins, the focus will be on driving KNTC’s mission to support Kenya’s trade and economic ambitions. Strengthening governance structures, promoting transparency, and fostering innovation will be key pillars of his tenure.
The coming months will test Kidero’s ability to deliver on the ambitious agenda set during the inaugural meeting. With the right strategies and partnerships, KNTC is poised to play a transformative role in Kenya’s economic future, contributing to a more equitable and competitive trading environment.
Kidero’s leadership at KNTC not only marks a personal milestone but also sets the stage for a renewed focus on trade and economic development in Kenya. His success in this role will have far-reaching implications for the country’s efforts to build a robust and inclusive economy.
