Nixon Kitimoi
Nixon Kitimoi (born 21 August 1996), is a Ugandan - Kenyan Investment Manager, Investor and Financier.
Kitimoi serves as the Chief Investment Officer of 1Stock Limited; an investment management company that oversees over $70 million in Assets Under Management and Capital Commitments. 1Stock Limited's hedge fund, The Reaper Fund, was one of the nominees of the Global Hedge Fund Awards by Eurekahedge, under the Best New European Hedge Fund Category, which recognised the top performing hedge funds in 2018.
Kitimoi also serves as a General Partner of 1Stock, LLC, Partner of Network VC and Director of Pal and Lisa; an organisation with interests in education, professional services, land banking, agriculture and real estate. He is also one of the shareholders of Vule Airways.
Nixon Kitimoi is reported to have a net worth of over $100 million as of 2023.
Family and religion
Kitimoi is the son of Fixon Okonye Akonya (PhD), the first Internal Auditor General in the Ugandan Ministry of Finance, Planning and Economic Development and Chief of the Ikinomu Clan in Teso, and Mariam Kizza Okonye (PhD), a Principal Accountant in the Government of Uganda.
Kitimoi is a Christian.
Early life and education
Kitimoi was born in 1996 in the Central Region of Uganda. He attended Hillside Primary School and Kampala Parents' School for his primary education before joining King's College Budo and later Vienna College Namugongo for his high school education, excelling in his studies together with the start of a semi - professional rugby career with the Toyota Buffaloes rugby club in Uganda, coupled with representing Uganda in the Under-19 Rugby Afrique tournament in Zimbabwe.
He then went on to attain the ACCA qualification and other courses and professional certifications from various prestigious international universities and institutions.
Investment Portfolio
As of March 2023, Kitimoi has a diverse investment portfolio owing to syndicated investment funds and special purpose vehicles. These investments include but are not limited to;
• Patreon (valued at $4 billion)
• Chipper Cash (valued at $2 billion)
• Privé Technologies (valued at $243 million)
• Muncher (valued at $190 million)
• Pal and Lisa Schools
• Pal and Lisa Club
• SpeedSize (valued at $100 million)
• Accern (valued at $90 million)
• HyPoint (acquired by ZeroAvia; valued at $80 million)
• Mobalytics (valued at $75 million)
• Spin Technology (valued at $55 million)
• namecoach (valued at $50 million)
• 1Stock Residences
• Vule Airways
Additional affiliations
Kitimoi has participated in a number of conferences; most notable being; the Uganda High Level Economic Growth Forums, the Uganda CFO Forums, the Skybridge Alternatives (SALT) Conferences, the Altinvestor conferences and the Pension Bridge Alternatives Conferences, discussing topics and themes in alternative investments, business development, sustainable and development finance and economic growth and development.
In addition, 1Stock Limited is a member of the Uganda Development Forum; an alliance of State and Non-State Actors, who are working together to sustainably contribute to Uganda's socio-economic transformation. The Uganda Development Forum provides a unique collaborative environment within which members and partners connect with like-minded experts and practitioners, share insights, gain fresh perspectives, on socio-economic transformation, or collaborate on initiatives that create development impact in Uganda.
Furthermore, Kitimoi works closely with DelMorgan & Co., a US based investment bank that provides financial services to governments and institutions around theworld.
Awards
• In 2024, Kitimoi (1Stock Limited) was shortlisted for the Burj CEO Awards, under the Best Investment Company of the Year category, by the CEO Clubs Network
• In 2024, Kitimoi was named as one of the Top 7 Finalists of the Entrepreneurship World Cup by Enterprise Uganda
• In 2024, Kitimoi was one of the nominees of the Foya Awards, under the Most Promising Founder of the Year (Under 30) and Social Founder of the Year (Under 30) categories
• In 2024, Kitimoi was named as one of the 50 Under 40 Leading African Investors in Entrepreneurship, by the Africa Investment Leaders Forum
• In 2024, Kitimoi was a Regional Finalist of the Global Startup Awards, under the Investor of the Year and Best Newcomer of the Year categories
• In 2024, Kitimoi (1Stock Limited) was a nominee of the KEOnline Digitally Fit Awards, under the Holding Company category
• In 2024, Kitimoi was named one of Africa's Under 40 CEOs, received a Honorary Doctorate from Prowess University, Delaware, USA, and Fellowship to the Global Institute of Leadership and Governance, South Africa
• In 2024, Kitimoi was named as one of the 100 Most Influential Young Africans, by the Pan African Youth Leadership Foundation
• In 2024, Kitimoi won the Forty Under 40 Africa Award, under the Banking and Finance category
• In 2023, Kitimoi was a Regional Finalist in the Global Startup Awards, under the Best VC, Startup of the Year and Founder of the Year categories
• In 2022, Kitimoi was one of the nominees of the Uganda CFO Awards, under the Young CFO Award category, by ACCA and Deloitte
• In 2021, Kitimoi was a nominee of the Global Startup Awards
• In 2019, Kitimoi (The Reaper Fund) was one of the nominees of the Eurekahedge Global Hedge Fund Awards
• In 2006, Kitimoi was one of the winners of the Design an Advert competition for BATA