Author: Lorine Otamo

The Capital Markets Authority (CMA) has approved a Short Form Prospectus that lets eligible Kenyan investors buy into the Dangote Petroleum Refinery IPO through Global Depositary Receipts (GDRs), with the Nigerian offer closing on October 13. The regulator announced the approval on Monday, October 5, 2026. How the GDR route works A GDR is a negotiable security that represents shares in a foreign company. Kenyan buyers would hold receipts that give them economic exposure to Dangote Petroleum Refinery and Petrochemicals, without buying the Nigerian shares directly. A local route also spares investors from opening a Nigerian brokerage account before the…

I&M Bank Kenya has confirmed Abdi Mohamed as Chief Executive Officer after the Central Bank of Kenya (CBK) approved his appointment. He starts on October 5, 2026, and takes charge of a lender that is adding customers, expanding its branch network and posting rising profit. Four months from announcement to approval I&M Group named Mohamed as incoming CEO on June 29, 2026, subject to regulatory approval. The CBK sign off closes a transition period in which Kihara Maina ran the bank as interim CEO alongside his role as Regional CEO of I&M Group. Maina now returns to that regional post…

Rosalyn Mugoh, Managing Director and Principal Officer of Heritage Insurance, has been elected Vice President of Kenya Women in Insurance (KWIIN). She runs the general insurance business of Liberty Kenya Holdings, which also owns Liberty Life Assurance Kenya. What KWIIN Does and What the Role Involves KWIIN promotes the advancement of women in insurance through empowerment, education, mentorship and collaboration. It gives women in the sector a platform to exchange knowledge, build skills and work together on initiatives. As Vice President, Mugoh will work with members and industry partners to widen professional networks, add mentorship opportunities and encourage knowledge sharing.…

Enwealth Financial Services Limited has appointed Janet Waweru Luvai as its chief financial officer (CFO). Waweru Luvai has more than 15 years of leadership experience in finance, the company said in its announcement. Her work covers financial management, strategic planning, financial modelling, budgeting, performance reporting, internal controls, regulatory compliance and business transformation. She joins a pension administrator whose umbrella fund earned members a net return of 18.05 percent in 2025 and grew its assets 12 percent to Sh1.185 billion. Career across Kenya and Uganda Waweru Luvai began her senior finance career in Kampala. In October 2010 she joined Britam Insurance…

Stanbic Bank Uganda has appointed Diana Agaba Tukundane as Chief Information Security Officer (CISO) and a member of its Executive Committee. She has nearly two decades of experience in telecommunications, IT and information security. The bank announced the appointment on its social channels. It said her work has strengthened its cyber resilience and protected customer trust. It added that the move reflects the growing weight of cybersecurity in banking. The Role Agaba Tukundane moves up from Head of Information Security, a post she held from September 2022. Her LinkedIn profile lists the CISO role from July 2026. A seat on…

Angelica Pesha is leaving her post as Chief Executive Officer of Mixx Tanzania after more than 15 years with the business. Louis Favot, who ran MVola in Madagascar, succeeds her. Mixx Tanzania announced the change in a statement that traces Pesha’s career from the early days of Tigo Pesa to the current Mixx platform. The statement does not give an effective date for the handover. From Tigo Pesa to Mixx Pesha joined Tigo’s mobile financial services unit in April 2011 as a financial and operations analyst. Before that she spent almost four years at Barclays Bank Tanzania as a performance…