Safaricom Taps Citi Bank Kenya MD as Head of Strategy

Michael Mutiga, managing director of Citi Bank tapped by Safaricom as head in charge of strategy and acquisitions effective 1st May 2022.

Mr. Mutiga replaces former Safaricom’s chief of special projects and acting chief business development and strategy officer Joe Ogutu who retired from the company in April.

“He will lead Safaricom’s business development and transformation agenda, and will be responsible for strategic partnerships, mergers, and acquisitions; Safaricom’s funding strategy and asset optimisation,” said Safaricom chief executive Peter Ndegwa on Wednesday.

With over 20 years of experience in Banking, Michael joins Safaricom from Citibank where he was a Managing Director and Head of Corporate Finance for Sub-Saharan Africa from 2019.

Michael was with Citibank for 15 years and has held various senior local and regional management and leadership roles.

Prior to joining Citibank, Michael worked in Barclays/Absa Capital, where he grew from a Management Associate to the Regional Coverage Head – East Africa, Investment Banking Division Africa, a role he held until he joined Citibank in 2006.

He holds a Bachelor of Law Degree from the University of Nairobi, and Masters in Law degree from Temple University. He is an Advocate and a Certified Public Secretary.