Reuben Muhindi
Wambui
Sections: Biography | Publications | Experience | Awards & Honors | Featured Work | Contact Info
Biography
Reuben is an economist who has worked extensively on climate risk and sustainable finance. Previously, he served as Africa Regional Lead at UNEP FI and has consulted for multiple organizations including the World Bank, FSD Kenya, LSE Grantham Research Institute, UNCTAD, and CECG/Rockefeller Philanthropy Advisors.
He has published several articles including in the Centre for Economic Policy Research (CEPR), African Center for Economic Transformation (ACET), World Economic Forum (WEF), Kenya Bankers Association Working Papers, Project Syndicate, and Africa Policy Journal of Harvard Kennedy School.
Prior to UNEP, he worked at McKinsey & Company, Credit Suisse, and Strathmore University. He has experience working in multiple countries in Africa and Europe.
An avid traveler, he has worked/traveled in 15+ countries. He has had several media appearances including on CNBC Africa, NTV Kenya, Family Radio, Africa Ahead, Business Daily Africa and Global Shapers. He has also served as a subject matter expert for the Sustainability and Climate Risk (SCR®) professional certification.
He is the founder of the Kenya Climate Directory. This is Kenya's centralised climate information repository that contains any published document on climate change or climate-related themes in Kenya. The Directory was launched during the Africa Climate Summit 2023 and has extensive coverage with 1,000+ downloadable documents across 110 themes. It also includes county-level publications.
He is also the founder of the Net-Zero Africa Initiative. This is a research and support organization that works with different organizations that need support implementing interventions that leverage green finance opportunities on the African continent. Net-Zero Africa is a registered trademark.
Previously, his work on sustainable finance was awarded the prestigious St. Gallen Wings of Excellence Award in Switzerland. He has trained 100+ C-suite banking leaders, including all bank CEOs in Kenya, on climate risk management. He has also trained the Central Bank of Kenya Supervision Department on climate risk regulation.
He has been an expert contributor in workshops by the following institutions: Oxford University, Chatham House, IETA, World Bank, National Assembly of Zimbabwe and World Economic Forum. During the COVID-19 pandemic, he was invited by the Kenya Senate Committee on COVID-19 to make a presentation on COVID-19 economic recovery.
He has a Bachelor in Financial Economics from Strathmore University (Kenya) and a Master in International Economics from the Geneva Graduate Institute (Switzerland) where he received the Rudi Dornbusch Prize for best thesis in Economics. Currently, he is pursuing a PhD in International Economics at the Geneva Graduate Institute.
Outside of work, he is a big sports fan and enjoys watching tennis, playing golf, and supporting Manchester United.
Research & Publications
(click on any of the hyperlinks to read or download)
Published works
Wambui, R., Feyertag, J., & Monnin, P. (2023). Net zero central banking in Africa's diverse economies: challenges, opportunities and policy options. London: Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science.
Mohieldin, M., Kenewendo, B., & Wambui, R. (2023). Breaking Financing Barriers for a Just Climate Transition in Africa. Accra: African Center for Economic Transformation.
Kimundi, G. & Wambui, R. (2023). Climate Change, Climate Policy Relevant Sectors and Banking Sector (In)Stability: A Vulnerability Assessment [Policy brief]. Nairobi: Kenya Bankers Association.
Wambui, R. (2021). Climate-related Financial Risks for Kenyan Banks: An Analysis of Loan Portfolios and GHG Emissions. Geneva: Graduate Institute Publications.
Wambui, R. (2019). Systemic Interventions for Sustainable Capital Financing. St. Gallen Symposium.
Makambi, S., Kimundi, G., & Wambui, R. (2017). Influence of Bank Lending to the Government on Private Sector Credit in Kenya: A Fiscal Deficit Specification. Nairobi: Kenya Bankers Association.
Franceschi, L., Memusi, S., & Wambui, R. (2015). The Cost of Devolution in Kenya: A Cost Analysis of the New Governance Framework Introduced by the 2010 Constitution of Kenya and its Impact on the Country’s Public Finance, Africa Policy Journal, Harvard Kennedy School.
Book chapter
Wambui, R. (2022). Scaling Up Sustainable Finance and Investment in the Global South: A Case Study on Sub-Saharan Africa. In: Schoenmaker, Di and Volz, Ulrich, (eds.), Scaling Up Sustainable Finance and Investment in the Global South, London: Centre for Economic Policy Research (CEPR).
Commissioned work and expert contribution
African Center for Economic Transformation (ACET) (2023). Factsheet: Breaking Financing Barriers for a Just Climate Transition in Africa.
Kenya Bankers Association & UNEP FI (2022). Report on the Industrywide Sensitization Workshop on the Central Bank of Kenya (CBK)’s Guidance on Climate-related Risk Management. (Lead author)
UN PAGE (2021). Greening the SMEs: Improving SME Access to Green Finance in Mauritius. (Lead author)
AfDB, GCA, & UNEP FI (2021). Climate Risk Regulation in Africa’s Financial Sector and Related Private Sector Initiatives. (Working Group contributor)
World Economic Forum (2021). Sustainable Investment in Kenya: Increasing the Quantity and Quality of Investment Flows. (Expert insights contributor)
Other research contributions
UNCTAD (2023). SDG Investment Trends Monitor: Issue 4, September. SDG Investment is Growing, but Too Slowly: The Investment Gap is Now $4 Trillion, up from $2.5 in 2015. New York and Geneva: United Nations. United Nations publication.
UNCTAD (2023). World Investment Report 2023: Investing in Sustainable Energy for All. New York and Geneva: United Nations. United Nations publication.
UNICEF (2016). The links between Equity, Governance, Education and Peacebuilding in Kenya. Nairobi: Eastern and Southern Africa Regional Office.
World Bank (2013). Kenya Innovation Survey.
Op-eds, media articles and interviews
Wambui, R. (2024). Kenya must deepen its economic diplomacy in a globalised world. Business Daily Africa.
Wambui, R., Feyertag, J., & Monnin, P. (2023). African central banks can help build low-carbon and green economies. Green Central Banking.
Zhan, J., Casella, B., Wambui, R., & Vine, R. (2023). Why trillions more are needed to bridge the SDG financing gap. World Economic Forum.
Mohieldin, M., Kenewendo, B., & Wambui, R. (2023). How to Close Africa’s Climate-Finance Gap. Project Syndicate.
Wambui, R. & Shah, R. (2023). How chief sustainability officer role has evolved. Business Daily Africa.
Wambui, R. (2023). Why Kenya needs information resource tools like climate directory. Business Daily Africa.
Wambui, R. (2022). Interview on working in the area of climate change and sustainable finance. Global Shapers Zurich.
Wambui, R. (2022). The Role of Young Insurance Professionals in Mitigating the Effects of Climate Change Risk in Africa. Africa Ahead.
Geneva Graduate Institute (2020). Perspective on the Master in International Economics | Reuben Wambui [Video].
Wambui, R. (2020). Central Bank of Kenya Ought to Tackle Climate Change Risks. Business Daily Africa.
Wambui, R. (2019). More Women in Management No Longer Tokenism for Firms. Business Daily Africa.
Industry presentations and panels
Experience
Previous employers
UNEP FI
Credit Suisse
McKinsey & Company
Strathmore University
Utawala Africa
Organizations consulted for
World Bank
Partnership for Action on Green Economy (PAGE)
Kenya Bankers Association (KBA)
FSD Kenya
UNCTAD
LSE Grantham Research Institute
UN Climate Change High-Level Champions
CECG / Rockefeller Philanthropy Advisors
Industry clients trained
Absa Bank
African Venture Philanthropy Alliance (AVPA)
Bank of Africa
Central Bank of Kenya (CBK)
Co-operative Bank
Consolidated Bank
Development Bank
Ecobank
Equity Bank
Habib Bank AG Zurich
Kingdom Bank
Organisation of Southern and Eastern African Insurers (OESAI)
World Green Building Council Africa Regional Network (WorldGBC ARN)
Teaching experience
Strathmore University, Kenya
Thematic workshops contribution
Chatham House Africa Programme
International Emissions Trading Association (IETA)
Kenya Bankers Association (KBA)
National Assembly of Zimbabwe
Smith School, University of Oxford
Stockholm+50 Regional Consultations
Sustainability and Climate Risk (SCR®) Program
World Bank
World Economic Forum (WEF)
Countries' worked/traveled
Kenya, Tanzania, Spain, South Africa, Nigeria, United Kingdom, Uganda, Malawi, Mauritius, UAE, Singapore, Switzerland, France, Germany, Italy, Luxembourg, Gabon, Greece
Awards & Honors
PhD in International Economics Merit Scholarship – Geneva Graduate Institute, Switzerland
Rudi Dornbusch Prize for best Master thesis in Economics – Geneva Graduate Institute, Switzerland
Global Winner, Wings of Excellence Award – St. Gallen Symposium, Global Award
Credit Suisse Merit Scholarship – Geneva Graduate Institute, Switzerland
Silver Award Winner – UNLEASH Innovation Lab, Singapore
Values Day Leadership Award – McKinsey & Company, Kenya
First Runner-Up, CFA Institute Research Challenge – CFA Institute, East Africa
Most Outstanding Student Award – Strathmore University, Kenya
Best Overall Student in Financial Economics – Strathmore University, Kenya
Undergraduate Scholarship – Shah Ranmal Raja Charitable Trust, Kenya
Featured Work
(you can click on any of the articles to read more)
Featured on CNBC Africa to speak on the state of the Kenyan economy and the World Bank Economic Update
Live on NTV Kenya discussing the state of the economy and the foreign exchange market in Jan 2023 (Interview in Swahili)
Contact Info
Reuben Wambui
Nairobi | Geneva
Email: reuben.wambui@graduateinstitute.ch
Social media (22k+ followers)
Twitter @reubenmuhindi
LinkedIn Reuben M Wambui