Kee Chong LI KWONG WING, G.O.S.K. (K.C. LI) Member of Advisory Board Mr. K.C Li, an Economist, is currently Chairman of Union Pay International Africa Regional Council and sits on the Boards of various international financial institutions as Independent Director. He is holder of a B.Sc. (Econ) from the London School of

Economics and LLM in International Tax Law. He started his professional career in 1974 as a Lecturer in Public Finance at the University of Mauritius. Afterwards, he held different prominent positions in the Mauritius public sector, including Advisor to the Minister of Finance and Chairman of the Stock Exchange Commission. He launched the first Unit Trust and the first Property Fund in Mauritius in 1989.

K.C. LI was Board member of the State Trading Corporation, the National Remuneration Board and the National Economic and Social Council. He also sat on the Council of the University of Mauritius and the Financial Services Consultative Council.

K.C. LI was an external lecturer for the University of Surrey School of Management (UK) and has published numerous reports and articles on cooperative banking, project management, development finance, structural adjustment and fiscal planning issues.

In 1992, Mr. Li started his own private consulting firm and served as Consultant to the United Nations Economic Commission for Africa (UNECA) and the U.N. Industrial Development Organization (UNIDO).

In 1993, he founded the Mauritius International Trust Co. Ltd(MITCO), one of the first professional firms licensed to provide international tax and investment advisory services in Mauritius. He was also a Member of the Parliament of Mauritius (2010-2014) and sat on the Public Accounts Committee.

In 2015, Mr K.C Li was awarded the national honour of ‘Grand Officer of the Star and Key’ (GOSK) of the Indian Ocean by the Republic of Mauritius for distinguished services in the economic, social and political fields.In May 2018, he was granted the ‘Lifetime Achievement’ Award by the Banker Africa for his outstanding contribution to the financial sector in Mauritius and in Africa.

He sits on the Board of Directors of several Emerging Markets Funds and Asia Hedge Funds, including Private Equity, Infrastructure and Real Estate Funds in Africa & Asia.

He is currently a Board Director of Afreximbank (based in Cairo). He was until March 2020, the independent non-executive Chairman of SBM Holdings Ltd (SBM Group), the 2nd largest banking group in Mauritius and a public listed company, while being also Chairman of SBM Bank (Kenya) Limited, Banque SBM Madagascar SA, and SBM Bank Seychelles.

In this capacity, in 2017, he pioneered the partnership between SBM and Alipay, the leader of digital financial services and lifestyle platform of the giant eCommerce Group Alibaba, thus making of SBM, the first banking group to offer Alipay services in Africa. He was awarded the Magnolia Award by the Shanghai Municipal People’s Government in 2014.

In September 2018, in the context of the Forum on China-Africa Cooperation (FOCAC) Summit in Beijing, the Inter-Bank Association between China and African Countries, a consortium of major African banks and China Development Bank, was launched, of which Mr KC Li is a Founder Council Member. He is also the Chairman of the UnionPay Africa Regional Council since June 2019 and member of the Kisumu Economic and Social Council in Kenya since January 2020.

Sits on various Boards of important financial institutions Currently Chairman of Union Pay Africa Regional Council. also, a Director of Afrexim Bank, AfrexInsure, Value Partners Asia Hedge Fund, VP Real Estate Fund and China Private Equity Fund.