Mworia leaves Centum after 18 years, takes up new public job
James Mworia has stepped down as CEO of Centum Investment Company after 18 years to become the founding CEO of Kenya's National Infrastructure Fund. The new state-backed fund aims to mobilize private capital for large-scale infrastructure projects.
Why it matters
This leadership transition is significant for the Kenyan financial sector, as the NIF is a central component of the government's strategy to reduce debt reliance for infrastructure development.
James Mworia has been named founding CEO of the National Infrastructure Fund (NIF), marking his exit from Centum Investment Company after nearly 18 years.
Mr Mworia's departure from Centum marked the end of one of the longest leadership tenures at a major Kenyan listed company.
Centum said on Monday that Mr Mworia has stepped down as Group CEO to take up the new role at NIF effective September 7. Thomas Omondi-Achola, Centum’s group chief operating officer and partner for portfolio operations since 2018, has been appointed acting Group CEO.
The departure comes as Mr Mworia takes charge of NIF, a new State-backed vehicle intended to mobilise private and non-traditional sources of capital for infrastructure development and reduce reliance on debt for commercially viable projects.
Mr Mworia’s appointment comes two months after Treasury Cabinet Secretary John Mbadi appointed him to a six-member NIF board.
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