Ruth Makau

Position:
Senior Analyst_ Advisory

Ruth K. Makau is a finance and investment professional with experience in project finance,
financial modelling, investment analysis, and transaction advisory. Throughout her career, she
has supported projects and businesses across renewable energy, infrastructure, real estate, and
other investment sectors, providing financial insights to support investment decisions, project
viability, and capital raising.

Before joining the team, Ruth served as a Financial Analyst at Horizon Africa Capital, where she
worked extensively on renewable energy projects, including wind, solar, and hydropower
developments. Her responsibilities included developing and managing financial models,
conducting project feasibility and investment analysis, assessing project returns, supporting tariff
optimisation, and preparing financial and technical reports for stakeholders. She also previously
worked in transaction advisory and corporate finance roles, where she gained experience in
financial modelling, business valuation, due diligence, deal origination, investor materials, and
capital-raising support.

She holds a Bachelor of Science degree in Financial Engineering from Jomo Kenyatta University
of Agriculture and Technology (JKUAT) and is a Certified Public Accountant (CPA), Intermediate
Level student.

Ruth is passionate about project finance and sustainable investment, with a strong commitment
to leveraging her financial expertise and analytical capabilities to facilitate the development and
execution of sustainable, commercially viable, impactful projects