Director on Inclusive and Innovative Finance, IDAS Africa
KPMG in Kenya
Milton Lore is a KPMG Director on Inclusive and Innovative Finance in the International Development Advisory Services (IDAS) in Africa, based in Kenya. For over 25 years, he has positively contributed towards risk capital and philanthropic investment as well as innovation management, commercial enterprise operations, and public policy engagement across agriculture, clean technology, financial services and healthcare in Africa and internationally.
Milton currently serves as Team Leader for the Mastercard Foundation Fund for Rural Prosperity, a US$50 million, 7-year (2015-2021) innovation catalytic fund focused on increasing access to affordable credit, insurance solutions, digital payment transactions and savings accounts by rural, agricultural-centred and youthful communities across sub-Saharan Africa. In this capacity, he supports a portfolio of 38 private-sector funding recipients (comprising banking and microfinance institutions, insurance companies, financial technology ventures, distributors of fast moving consumer goods, agricultural input suppliers plus post-harvest produce aggregators and processors) working in 15 countries - Burkina Faso, Burundi, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Kenya, Malawi, Mali, Mozambique, Rwanda, Sierra Leone, Tanzania, Uganda and Zambia.
Prior to joining KPMG in 2019, Milton spearheaded successful implementation of a business acceleration facility under the US Presidential Feed the Future initiative in support of innovation to address food security and rural income generation in Kenya. He has also previously served as Managing Director for the African Private Equity and Venture Capital Association (AVCA), co-founder of a life sciences venture capital investment house Bridgeworks Africa and as an investment committee member for the global impact investing group Acumen.
Milton holds a graduate degree in intellectual property law and management from Queen Mary - University of London and studied chemical sciences at the University of Nairobi.