Information Security breaches and threats continue to grow worldwide. Securing information systems issues persist despite the development of several Information security standards. The low adoption rate of these security standards is one of the main contributing factors for this growing problem. As emerging economies seek to be a part of the digital economy it is prudent that they make information security a priority. The lack of effective Information Security Strategies in developing countries has resulted in these countries facing the problem of becoming targets for cyber criminals. In this research we present a Conceptual Model and a design of an Information Security Domain Knowledge Base (InfoSec DKB) that can assist in developing and managing information security strategies. This design is based on a combination of decision making, security and auditing frameworks, namely concepts of the Value Focused Thinking (VFT) approach used in decision making, the Guidelines for Management of IT security (ISO/IEC 27001), Control Objectives for Information and Related Technologies (COBIT).