Who is David Ndii and What Type of Business Does he run in Kenya?

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Chrispen

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Wednesday, April 12, 2023 –David Ndii has, in recent times, been making unending headlines anytime he is discussing country’s economic situation.

For instance, this week alone, the chairman of the President’s Council of Economic Advisors opened up saying the William Ruto’s government is overspending and wasteful.

Speaking on an interview with Citizen Tv, Dr. Ndii said there is no single day that he is not irritated by how wasteful the government can be.

“Government is extremely wasteful, there is not a single day that I am not exasperated by not just how wasteful it is but by how deliberate it is and how unbothered people are,” he said.

So who is Dr. Ndii? is holder of a doctorate and master’s degrees in economics from Oxford, and masters and bachelor’s degrees from the University of Nairobi. He has also been a Rhodes scholar at Oxford University and an Eisenhower Fellow.

The economist put his economic smarts to work in the world of business as a founding investor in Zimele Asset Management Limited. He currently serves as the company’s board chairperson.

Zimele officially opened its doors in August 1998, primarily providing fund management services. Today, Zimele offers investment advisory services to individuals and corporate clients, and manages funds under the Zimele Unit Trust and the Zimele Pension Schemes.

The company’s main income streams are fund management fees, advisory/consultancy fees, and fund administration fees for Zimele Asset Management, as well as dividend income and interest income for its Zimele Unit Trust.

In the six months to June 2022, Zimele Asset Management ZAM posted a profit before tax of sh 5.2 million on a total income of sh 30.2 million. It was a significant increase from a similar period in 2021 when its profit before tax stood at Ksh1.39 million on total income of Ksh22 million.