The managing director, Samuel Waweru and chairman, Dr. Steve Mainda of mortgage financier HF Group’s banking subsidiary, HFC Limited, have retired.

The firm announced on Monday that Mainda has been replaced by Kaushik Manek.

“The board of directors wishes to notify the public that Dr Steve Mainda retired as non-executive director and chairman of HFC Limited. Dr Mainda continues to sit as chairman of HF Group PLC, the non-operating holding Company,” said the announcement by HF.

Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.

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