Dorcas Wangui Shamalla

Dorcas is the Head of Programme Operations at AECF, responsible for developing and implementing scalable and efficient processes, policies, and systems to enable AECF to deliver programs and investments across Africa. She has over 15 years of experience in policy and operations across commercial banking, investment banking, aviation, and the development sector.

Before AECF, she was at Kenya Airways, where she set up and headed the inaugural Risk and Compliance Function, supporting the Kenya Airways turnaround strategy for 2022-2027. She has hands-on experience crafting policies, frameworks, and tools to support business operations. She has been involved in setting up various risk management functions in various companies, including AECF.

Dorcas holds a Bachelor of Commerce (B.Com) Degree from Kenyatta University and is pursuing an MBA. She is a member of the Global Association of Risk Professionals, the Institute of Risk Management (IRM), and the Chartered Institute for Securities and Investments.


Victoria Sabula

As the Chief Executive Officer of AECF since 2019, Victoria leads the institution’s efforts to secure the vision of a prosperous, enterprising, and resilient Africa. Having been raised in rural Kenya, Victoria aspires for a time when market systems will work for Africa’s poor. Under her leadership, AECF is scaling up its financing, advisory services, investment support, and knowledge services to catalyze greater work of 500 African SMEs and improve the lives of 10 million rural Africans by 2026.

Prior to joining AECF, Victoria served as General Counsel and Corporation Secretary at AGRA, providing strategic oversight on legal advisory, compliance, risk management and governance.

Starting her career with KCB Bank Group, she has extensive experience structuring and negotiating corporate finance transactions, drafting and negotiating complex contractual agreements, and advising on governance and multi-country regulatory compliance matters.

Victoria serves as a member of several boards and councils, including Campaign for Female Education (Camfed), Convergence Finance, and Science for Africa Foundation. She also sits as a member of World Economic Forum’s Global Future Council on New Agenda for Fragility and Resilience.

Victoria holds a Bachelor of Laws Degree from Moi University, a diploma in Human Resource Management from Kenya Institute of Management, and an MBA from Nazarene University.