Author: Lorine Otamo

Safaricom Plc will lose one of its most influential executives at the end of this month. Chief Financial Services Officer Esther Masese Waititu has resigned, with her exit taking effect on August 1, 2026, closing a tenure of just under three and a half years at the helm of M-Pesa’s financial services arm. Why Waititu Is Leaving Safaricom Chief Executive Peter Ndegwa confirmed the news to staff in an internal email, saying Waititu is leaving to pursue other opportunities. At her request, the company agreed that her last working day would fall on July 31, 2026. Waititu joined Safaricom in…

Guaranty Trust Bank Kenya is preparing for a change at the top. The Board of Directors has confirmed that Managing Director Jubril Adeniji will step down once his tenure expires, following his recall to Guaranty Trust Bank Limited in Nigeria, the parent company. The announcement, made in an official statement, marks the end of a term that saw the bank sharpen its balance sheet and expand its footprint in a competitive market. What The Board Said About Adeniji’s Tenure The Board credited Adeniji with strengthening GTBank Kenya’s shareholding and governance structure during his time in charge. Under his leadership, the…

ICEA LION Group has refreshed the boards of its two largest insurance subsidiaries, appointing four independent non-executive directors while marking the retirement of David Hutchison, a director who served the company for years. The changes took effect on June 19, 2026, and touch both the General Insurance and Life Assurance boards. Two New Faces Join the General Insurance Board Suzanne Muthaura and Allan Wainaina now sit on the board of ICEA LION General Insurance Company as independent non-executive directors. Muthaura brings a legal pedigree built over more than 25 years. She practices as an advocate of the High Court of…

The Kenya Association of Manufacturers has elected Hitesh Mediratta, Managing Director of PG Bison Kenya, as its new Chairperson for a two year term. He succeeds Jane Karuku, Group Managing Director of East African Breweries Plc, whose tenure at the helm of the manufacturers lobby has ended. The Board also elected Mary-Ann Musangi, Managing Director of HACO Industries Kenya, as Vice Chairperson, while Karuku stays on as an ex officio Board member. A Familiar Face Steps Into the Top Seat Mediratta’s rise to Chairperson caps a steady climb through KAM’s leadership ranks. He has served as Vice Chairperson since 2024,…

Moniepoint Group has appointed Rose Muturi as Chief Executive Officer for its Kenya business, a leadership move that signals the Nigerian fintech unicorn’s push to deepen its East African footprint. The appointment follows Moniepoint’s acquisition of a 78 percent stake in Sumac Microfinance Bank in March, a deal that gave the company a licensed foothold in Kenya’s tightly regulated banking sector. Muturi will steer Moniepoint’s overall growth strategy in the country. Sumac Microfinance Bank, meanwhile, continues to run under its own leadership team. A Moniepoint spokesperson confirmed the split in roles directly, telling reporters that Muturi has been brought on…

Stanbic Bank Kenya has named Michael Mutiga as its new Chief Executive Officer, with the appointment taking effect on August 1, 2026, subject to regulatory approval. The move brings a banker with two decades of experience across corporate finance, telecommunications and digital financial services to the helm of one of Kenya’s leading lenders. From Safaricom to Stanbic Mutiga joins Stanbic from Safaricom, where he served as Chief Business Development and Strategy Officer. In that role, he led the telecom’s business development and transformation agenda, overseeing strategic partnerships, mergers and acquisitions, funding strategy and asset optimization. He joined Safaricom in May…