(Press Release)
Base Titanium Limited, a wholly-owned subsidiary of Australian and UK-listed Base Resources Limited has announced the appointment of three additional members to its Board of Directors. These new members, in investment banking John Ngumi, prominent lawyer Desterio Oyatsi and financial market analyst, advisor and commentator Aly-Khan Satchu, bring vast experience from the private and public sectors and detailed knowledge of the East African business environment.
They join existing Chairman, Professor Joseph Maitha and Base Resources Executive Directors Tim Carstens and Colin Bwye on the expanded Board.
In announcing the new board members, Tim Carstens said, “I am delighted to welcome such an eminent panel of Kenyan thought leaders to the Board of Base Titanium. Their knowledge and experience in the Kenyan investment and regulatory environment will deepen Base Titanium’s ability to understand the Kenyan context, influence discussion anddeliver on its strategic plans to the benefit of all stakeholders.”
The new Board members will work to enhance Base’s relations with the Government ofKenya and will play strong role in promoting the Kenyan mining sector, both domestically and internationally.
About the appointees
John Ngumi
John Ngumi has played a leading role in the development of Kenya’s and East Africa’s debtand equity capital markets over the last 25 years, most recently during his tenure asDirector, Investment Banking Coverage at Standard Bank in Nairobi. Mr Ngumi is the current Chairman of the Board at Kenya Pipeline Company Limited and previously heldthe position of the first Chairman of Konza Techno City Development Authority.
Desterio Oyatsi
Desterio Oyatsi is an accomplished Nairobi-based lawyer, an Advocate of the High Courtand Managing Partner of Shapley, Barret & Company Advocates, a leading law firm in Kenya.Mr Oyatsi sits on several Boards and is currently Chairman of Metropolitan Life Insurance Kenya Limited and the Commercial Bank of Africa (CBA) group. He has previously served as a director in various other organizations including Telkom Kenya and the Capital Markets Authority.
Aly-Khan Satchu
Aly-Khan Satchu is the Chief Executive Officer of Rich Management Limited, a Nairobi-based investment advisory firm. Prior to establishing Rich Management, Mr Satchu worked for 15 years in London’s financial sector. During his time in London Mr Satchu served as the Executive Director of Dresdner Kleinwort Wasserstein, Managing Director of Sumitomo Bank and as Treasurer and Director of ANZ Investment Bank. Born in Mombasa, Mr Satchu returned to Kenya in 2006. He is also a regular commentator on economic matters in local and international media.
