Experienced executive with track record of driving strategic growth in complex business environments. Skilled in leadership, financial management, and operational efficiency. Strong focus on team collaboration and adaptability, ensuring reliable performance and results. Known for problem-solving, strategic vision, and effective communication.
Hi, I’m
Nancy Chelangat Cheruiyot
CHIEF EXECUTIVE OFFICER
Nairobi
Summary
Overview
25
years of professional experience
3
Certifications
3
Languages
Work History
Commodities Fund
Chief Executive Officer and Managing Trustee
03.2023 - Current
Job overview
- Strategic Leadership: Develop and execute the vision, ensuring strong corporate governance and reporting directly to the Board of Directors.
- Agricultural Lending Strategy: Design lending policies for farmers and agribusinesses, identifying new opportunities in digital finance and green financing.
- Risk and Finance Management: Oversee financial planning and manage credit portfolio risks, specifically focusing on mitigating weather and market volatility risks.
- Operations and Stakeholders: Ensure efficient operations and build relationships with regulators, investors, and Development partners.
- Team Leadership: Cultivate a high-performance culture through effective staff management and talent development.
Africa Fine Coffees Association (AFCA)
Executive Director
03.2022 - 02.2023
Job overview
- Planning and strategic direction and implementation.
- Management of organizational Financial and Resources.
- Resource/Fund mobilization for project support.
- Financial and strategic reporting to the Board and the members.
- Board management and organization.
- Stakeholder management.
- Resource mobilization.
- Collaborations and Partnership building and Management.
- General Administration and Management of the institution.
- The African Fine Coffees Association (AFCA) is a regional nonprofit, nonpolitical, member-driven association representing coffee sectors in 14 Member Countries. AFCA members include both private and public sector coffee stakeholders including producers, exporters, international importers, roasters, policy makers, transporters and trade representatives. AFCA’s main activity is linking world coffee buyers with African coffee producers and dealers for through among others conferences and exhibitions, market intelligence reporting, facilitating barista championships and capacity building initiative among others.
- During the year, I was able to fundraise and plan and execute a very successful international coffee conference and exhibition which attracted over 900 participants from all over the countries as well as 85 Coffee Industry Exhibitors from all over the world. In addition, I was able to mobilize over 800,000 USD in finances to jumpstart the organization which had suffered from the effects of Covid 19 pandemic. These finances were needed to resuscitate AFCA’S operations after two years of inactivity due to the pandemic.
Commodities Fund
Managing Trustee
07.2013 - 02.2022
Job overview
- Providing overall strategic direction and leadership to the Board of Trustees of the fund; Creating annual operating plans that support strategic direction set by the board and correlate with annual operating budgets.
- Planning, and coordinating engagements of the Commodities Fund (ComFund) with National agriculture sector operatives, banks, farmers Associations, food supply chain actors on Credit options, agricultural assets outsourcing, and investments opportunities.
- Developing and monitoring strategies for ensuring the long-term financial viability of the Commodities Fund (including development of advocacy strategies).
- Ensuring Compliance with Donor Financial Reporting Guidelines, Timelines, And Requirements on Allocations.
- Grant Reporting, And Strategic Analysis of Projects and Operations for the Management Team.
- Ensure Correct Allocations of Revenues and Expenses Across Donor Budgets.
- Develop Projections of Cash Flow and Budget Variance.
- Maintain Financial Dashboard to Track Actual and Projected Cash Flow, As Well As Variances from Budget. Maintaining Individual Work Stream Budgets and Conducting Periodic Reviews with Work Stream Leads.
- Creating and Maintaining Procedures for Implementing Plans Approved by The Board of Directors.
- Overseeing Preparation of Annual Budgets That Support Operating Plans and Submits Budgets for Board Approval.
- Ensuring application of appropriate accounting procedures in compliance with Generally Accepted Accounting Principles (GAAP).
- Recruitment and contracting of company and project staff as directed by the Board.
- The Commodities Fund (ComFund) is a State Corporation established to provide sustainable and affordable credit to farmers for farm development, farm inputs, farming operations and price stabilization, with special support to women and youth participation in the agricultural value chains.
- Founding member of IACO G-25 Summit; A biennial Summit that brings together 25 coffee growing countries in Africa aimed at coming up solutions to challenges affecting Coffee sector such Climate change and sustainability and domestic consumption.
- Founding Member and financial Adviser: Kenya Coffee Sector Platform (providing advisory support, linkages with coffee growers, stakeholders and supply chains in Kenya sub-region.
- Kenya’s Delegate to the International Coffee Organisation (ICO); Representing Kenya in the finance committee deliberations; has been an advisor to the Core group on the consultative Forum on Private Sector Finance, arm of the ICO.
- Kenya Delegate to the Inter-Africa Coffee Organisation (IACO); representing Kenya in the finance committee deliberations; Guidance on donor engagements; & contributing to review of Funding Proposals of Member States, Women stallholder farmers, to access coffee financing.
- Developed a Funding proposal to the Italian Development Corporation which Succeeded in mobilizing a total 10 million euros for a project, with initial 3 million euros disbursed for the pilot phase.
- Mobilized over 800,000 USD in finances to jumpstart the AFCA’S operations which had suffered from the effects of Covid 19 pandemic. These finances were needed to resuscitate operations after two years of inactivity due to Covid pandemic and organization mismanagement which saw many members and staff leave the organization and 3 years earlier.
- Project Design and Implementation; Developed and implemented a project called Integrated Coffee Productivity Project(ICPP) which was meant to support introduction of coffee to new areas in the country to increase national production. Through the project, over 1 million seedlings were provided and over 20, 000 new coffee farmers recruited and trained in over 20 counties.
- Business combination; Managed successful merger between former Coffee Development Fund and Sugar Development Fund to form Commodities Fund.
- Grew portfolio from kshs. 2.7 billion to kshs.7 billion and Grew the value chains supported by the Fund from two, coffee and sugar, to five, now including coconut, cashew nuts and bananas value chains.
- Fund Raising; Successfully raised from the exchequer and donors for more funds saw the Fund allocated additional 6 billion shillings (42 million USD) in the past 3 years.
- Developed comprehensive financial strategies for the trust, ensuring long-term growth and stability.
- Leveraged technology solutions to enhance communication with stakeholders, streamline operations, and facilitate data-driven decision-making processes.
- Coordinated periodic audits conducted by external firms to validate financial reporting accuracy and ensure adherence to industry best practices.
Coffee Development Fund; Kenya
Head of Finance and Administration
11.2012 - 07.2014
Job overview
National Hospital Insurance Fund; Kenya
Regional Accountant
07.2008 - 10.2012
Job overview
The Bngreave New Deal for Communities (BNDfc) –Burngreave District, Sheffield, United Kingdom.
Project Accountant
04.2003 - 12.2004
Job overview
National Hospital Service (NHS) –Northern General Hospital, Sheffield
Account Assistant
07.2002 - 03.2003
Job overview
Kenya Agency for the Development of Entrepreneurship and Technology (KADET), a Subsidiary of World Vision, Kenya, now known as vision Fund
Credit officer
01.2001 - 06.2002
Job overview
Education
Catholic University of Eastern Africa
MBA from Finance
01-2011
University Overview
University of Nairobi
Bachelor of Arts from Economics and Sociology
01-2000
University Overview
Londiani Secondary school
Kenya certificate from Secondary Education
01-1994
University Overview
Kaptich Primary school
Kenya Certificate from Primary school
01-1990
University Overview
Skills
Knowledge of the national and regional agricultural sector
Resource mobilization
Organizational leadership
Business development
Policy development
Relationship management
Stakeholder relations
Budget planning
Financial leadership
Project Development &management
Certification
The Association of Chartered Certified Accountants (ACCA)
Recent Management Development Training
Recent Management Development Training
- UNIDO Study Tour in Circular economy, in Turin Italy (23rd -28th June 2024)
- Leadership for Economic Transformation (KSG March -April 2024)
- Advanced Corporate Governance for Boards. (Center for Corporate Governance 2021)
- Rural and Agricultural Finance Program (RAFP) (Boulder Institute Of Microfinance July 22 to August 2 2019 Turin – Italy)
- Strategic Leadership Development Course; (Kenya School of Government, June 2017)
- Public Financial Management Conference, 22 -26 June 2015, Voyager Hotel, Mombasa
- Corporate Governance for Directors & Senior Managers: (Center for Corporate Governance: June 2013)
Timeline
Chief Executive Officer and Managing Trustee
Commodities Fund
03.2023 - Current
Executive Director
Africa Fine Coffees Association (AFCA)
03.2022 - 02.2023
Managing Trustee
Commodities Fund
07.2013 - 02.2022
Head of Finance and Administration
Coffee Development Fund; Kenya
11.2012 - 07.2014
Regional Accountant
National Hospital Insurance Fund; Kenya
07.2008 - 10.2012
Project Accountant
The Bngreave New Deal for Communities (BNDfc) –Burngreave District, Sheffield, United Kingdom.
04.2003 - 12.2004
Account Assistant
National Hospital Service (NHS) –Northern General Hospital, Sheffield
07.2002 - 03.2003
Credit officer
Kenya Agency for the Development of Entrepreneurship and Technology (KADET), a Subsidiary of World Vision, Kenya, now known as vision Fund
01.2001 - 06.2002
University of Nairobi
Bachelor of Arts from Economics and Sociology
Londiani Secondary school
Kenya certificate from Secondary Education
Kaptich Primary school
Kenya Certificate from Primary school
Catholic University of Eastern Africa
MBA from Finance