Leadership
Hon. CPA John Mbadi Ng'ongo, EGH
Cabinet Secretary, The National Treasury
Hon. John Mbadi is the Cabinet Secretary (CS) for The National Treasury and Economic Planning. Before his appointment, Hon. Mbadi had an extensive career in public service, most recently serving as a nominated Member of Parliament (MP) and the Chairperson of the Public Accounts Committee in the National Assembly.
The CS has a rich history in legislative leadership, having served as the elected MP for Suba South Constituency, Suba Constituency, and Gwassi Constituency. His experience extends to roles such as Assistant Minister in the Office of the Prime Minister and Leader of Minority in the National Assembly. Throughout his parliamentary tenure, he was a member of numerous key committees, including the House Business Committee, Liaison Committee, Budget and Appropriations Committee, Selection Committee, Appointments Committee, Public Accounts Committee, Public Investments Committee, Constitutional Implementation Committee, the Ad Hoc Committee on the Cost of Living, and the Defence and Foreign Relations Committee. Notably, he was also a member of the Legislative Taskforce responsible for drafting the Public Finance Management Act of 2012.
Mr. Cyrell Odede Wagunda
The PS - State Department for Public Investments and Assets Management
Mr. Cyrell Odede Wagunda is the Principal Secretary, Public Investments and Assets Management. He was appointed Principal Secretary by His Excellency the President, Dr. William Samoei Ruto on April 17th, 2025.
Mr. Cyrell Odede Wagunda is a seasoned and accomplished finance and economics professional currently serving as the Principal Secretary in the State Department for Public Investments and Assets Management, under the National Treasury. With over three decades of experience in public finance administration and tax enforcement, Mr. Wagunda has established a reputation for integrity, technical expertise, and results-driven leadership in both policy and operational spheres of government.
The Principal Secretary holds a: Master of Arts in Economics from Nagpur University, India; Bachelor of Commerce Degree, also from Nagpur University, India; and a Diploma in Tax Administration from the Income Tax Training School, Nairobi (now part of Kenya School of Revenue Administration).
Before his appointment as Principal Secretary, Mr. Wagunda had a long and distinguished career at the Kenya Revenue Authority (KRA), rising through the ranks to the position of Deputy Commissioner for Intelligence and Strategic Operations. His outstanding leadership at KRA significantly contributed to improved tax compliance and the strengthening of institutional governance in revenue collection.
As Principal Secretary, Mr. Wagunda leads the State Department for Public Investments and Assets Management, which plays a pivotal role in safeguarding and optimizing the value of Kenya’s public assets and enterprises.
Mr. Lawrence Kibet
Director General, State Department for Public Investments and Assets Management
Mr. Lawrence Kibet is currently the Director General, Public Investments and Portfolio Management. He is a seasoned professional with solid and successful experience in General Management, Commercial and Business Strategy, Accounting and Finance Management, Corporate Governance, Capital Raising, Commercial Law Practice, Project Management and, Innovation Management.
His overall exposure cuts across several sectors including Finance and Banking, Energy and Petroleum, Telecommunications and Technology, Logistics and, Consumer Products. Others include Banking, Agriculture, Mining, Manufacturing, and Commercial services – in numerous markets across Africa.
Mr. Kibet holds a Bachelor of Commerce Degree (Finance Option), Bachelor of Laws Degree (LL. B) and a Masters of Business Administration (MBA), all from the University of Nairobi. He is a Master in Public Policy and Management (MPPM) finalist from Strathmore University with an exposure to the international module from New York University, Wagner School of Public Service.
He is a Member of the following professional bodies: Institute of Certified Public Accountants of Kenya (ICPAK), Certified Public Secretaries of Kenya (ICPSK), Law Society of Kenya (LSK) and, Investor Relations Society (UK).
DG Kibet current responsibility at the National Treasury, entails coordinating, managing and providing leadership in Government investments and public enterprises, assets and liabilities in Government, public investment management and Government pensions.