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🇰🇪 Kenya /Economy & Trade

Centum taps insider as Mworia exits after nearly two decades

From The Standard · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Centum Investment Company appointed Thomas Omondi-Achola as acting group chief executive, effective immediately.
  • He succeeds James Mworia, who is leaving after 18 years to lead Kenya's newly established National Infrastructure Fund.
  • Centum said Mworia transformed the company from a small investment firm into East Africa's largest diversified investment platform.

Centum Investment Company has turned to an internal candidate as its long-serving chief executive, James Mworia, leaves after 18 years at the helm.

The company appointed Thomas Omondi-Achola as acting group chief executive with immediate effect. He will lead Centum as Mworia moves to head Kenya's newly established National Infrastructure Fund.

Centum said Mworia's tenure transformed the business from a small investment firm into East Africa's largest diversified investment platform. The leadership change therefore closes one of the longest chapters in the company's recent history while placing an insider in temporary charge.

About this summary

Originally published by The Standard. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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