Caracal Gold plc, the gold producer with operations in East Africa, is pleased to announce a new addition to its Board of Directors, with the appointment of H.E. Ambassador Hon. Dan Kazungu, EGH as a Non-Executive Director, effective from 7 March 2022.
Ambassador Kazungu joins the board of Caracal after serving as the Kenya High Commissioner to Tanzania, where he carried out an exemplary tour of duty. He is credited for resetting Kenya-Tanzania relations to its current, elevated level and transforming business and investment relations between the two countries.
Prior to his diplomatic mission to Tanzania, Ambassador Kazungu served as Cabinet Minister for Mining in the government of Kenya, where he drove mining and business reforms, which saw the country’s global mining ranking improve from 125th place to 83rd in just 12 months. During his tenure, the mining sector rose to become one of the top three growth sectors in Kenya’s economy.
Ambassador Kazungu also served as Member of Parliament for the Malindi constituency for a three-year period, where he successfully lobbied central government to build vital regional infrastructure links including roads, an airport and school – opening up the area to economic prosperity.
His corporate experience spans over 10 years working at tech companies IBM and Lenovo, where he worked as Territory Manager for Eastern Africa. His sterling work received a special mention by IBM at the New York Stock Exchange for delivering a successful growth strategy in Ethiopia.
Ambassador Kazungu is a Bachelor of Science graduate in Information Technology from Moi University in Kenya. He also holds a Master of Arts Degree in Diplomacy and Foreign Policy from the same university.
Chief executive of Caracal Gold Plc, Robbie McCrae, said: “We are delighted to welcome Ambassador Kazungu to the board at what is a crucial time for Caracal as we enter the next phase of our growth trajectory; aiming to double gold production to 24,000tpa at our flagship Kilimapesa Gold Mine in Kenya and expand our operations into Tanzania via our recent gold acquisitions. His wealth of experience in the region will be critical in helping us realise our ambition of becoming a major gold producer and mine developer in East Africa.
“Our Board is now more robust than ever, following the recent appointment of mining ESG expert Rachel Johnston as a Non-Executive Director.
“With the gold price edging past highs of US$1940/oz in the past week, the time is right to advance our gold strategy.”
Current Directorships / Partnerships:
Previous Directorships / Partnerships held in the past 5 years:
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**ENDS**
For further information visit www.caracalgold.com or contact the following:
Caracal Gold plc
Gerard Kisbey-Green
Jason Brewer
