Sameer Africa PLC has appointed Sylvia Mwikali as Company Secretary with effect from 14 April 2026, following the resignation of Millicent Ng’etich.
Mwikali brings a grounding in corporate governance, regulatory compliance, and board advisory services. She holds certification as a Secretary and qualifies as an Accredited Governance Auditor and Certified Public Accountant. She also serves as a member of ICPAK.
A Seasoned Governance Expert
Her expertise spans the end-to-end Company Secretarial function, with a particular focus on:
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Board Governance Advisory: Strengthening frameworks to ensure high-quality decision-making.
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Regulatory Compliance: Navigating evolving statutory requirements for both listed and private entities.
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Stakeholder Engagement: Facilitating transparent communication between the Board and key stakeholders.
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Risk Mitigation: Leveraging a strong background in accounting and auditing to assess governance effectiveness and internal controls.
As an Accredited Governance Auditor, Mwikali brings a unique risk-based perspective to the role, ensuring that Sameer Africa’s governance culture remains aligned with global best practices and sustainable performance standards.
Professional Qualifications
Mwikali’s multidisciplinary background provides a robust foundation for her new mandate. Her credentials include:
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Accredited Governance Auditor
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Certified Public Accountant (CPA)
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Member of the Institute of Certified Public Accountants of Kenya (ICPAK)
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Certified Secretary
“Mwikali has handled company secretarial work with professionalism and diligence across her previous roles,” the Board noted in an official statement. “The company stands to draw significantly on her experience as it pursues its strategic governance agenda.”
Millicent Ng’etich Steps Down
Outgoing Company Secretary Millicent Ng’etich brought 15 years of corporate law experience to the role, with a focus on governance, legal advisory, policy, and risk management.
Key achievements during her career include:
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Negotiating high-stakes contracts for mergers and asset acquisitions at Standard Group PLC.
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Developing critical legal policies and drafting the Board Charter for Kenya Seed Company.
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Implementing a disciplined risk register to streamline legal department operations.
The Board thanked Ng’etich for her contributions to the company’s stability and wished her success in her future endeavors.
Mixed Half-Year Results
The leadership change follows Sameer Africa’s financial results for the half year ended 30 June 2025, which showed growth at the operating level but pressure further down the income statement.
Revenue climbed 14.3 percent to Ksh 220.34 million, up from Ksh 192.75 million in the same period in 2024. Operating expenses fell 11.2 percent to Ksh 112.44 million, helping push operating profit up 51.1 percent to Ksh 109.36 million.
The gains did not carry through to the bottom line. Net finance income collapsed 99.5 percent to Ksh 0.28 million, from Ksh 56.80 million a year earlier, weighing heavily on overall profitability. Profit before tax declined 11.4 percent to Ksh 119.93 million, while profit after tax fell 20.3 percent to Ksh 86.67 million. Earnings per share dropped 20.5 percent to Ksh 0.31.
On the balance sheet, total assets grew 7.6 percent to Ksh 1.59 billion, and total equity rose 39.8 percent to Ksh 829.25 million. Cash and cash equivalents eased 13.7 percent to Ksh 72.69 million.
Sameer Africa Half-Year Financial Results — June 2025 vs June 2024
| Metric | Jun 30, 2025 | Jun 30, 2024 | YoY % |
|---|---|---|---|
| Revenue | Ksh 220.34M | Ksh 192.75M | +14.3% |
| Other operating income | Ksh 1.46M | Ksh 6.23M | -76.6% |
| Operating expenses | Ksh 112.44M | Ksh 126.59M | -11.2% |
| Operating profit | Ksh 109.36M | Ksh 72.39M | +51.1% |
| Net finance income | Ksh 0.28M | Ksh 56.80M | -99.5% |
| Share of profit — equity investee | Ksh 10.29M | Ksh 6.14M | +67.6% |
| Profit before tax | Ksh 119.93M | Ksh 135.32M | -11.4% |
| Profit after tax | Ksh 86.67M | Ksh 108.84M | -20.3% |
| Total comprehensive income | Ksh 93.68M | Ksh 120.51M | -22.3% |
| Earnings per share | Ksh 0.31 | Ksh 0.39 | -20.5% |
| Total assets | Ksh 1.59B | Ksh 1.47B | +7.6% |
| Total equity | Ksh 829.25M | Ksh 593.14M | +39.8% |
| Cash and cash equivalents | Ksh 72.69M | Ksh 84.25M | -13.7% |
