Britam Appoints Celestine Munda as Interim Chair, Moves to Triple Employee Share Pool
Britam Holdings Plc has appointed Celestine Munda, a former Senior Partner and Country Managing Partner at Ernst and Young Kenya, as interim Chairperson of the Board with immediate effect following the passing of Chairman Kuria Muchiru on 19 March 2026. Munda, who has chaired Britam's Board Audit, Risk and Compliance Committee since joining the board in September 2022, will serve until a substantive appointment is made. At the same sitting, the board resolved to seek shareholder approval to expand its Employee Share Ownership Plan from 2% to 5% of issued share capital, lifting the maximum ESOP pool from 50.5 million to 126.2 million shares, with all acquisitions to be made via open market purchases on the NSE.
Sidian Bank Taps KCB's John Okulo as CEO to Steer Kenya's Fastest-Growing Bank
Sidian Bank has appointed John Okulo, currently Director of Corporate Banking at KCB Bank Kenya, as its new Managing Director and CEO effective 1 May 2026, subject to CBK approval. He succeeds Chege Thumbi, who retires on 30 June 2026 after nine years. The transition completes a full governance overhaul: former Cabinet Secretary James Macharia replaced Centum's James Mworia as chairman in October 2025, three new directors joined the board, and Centum exited entirely in March 2026. Okulo brings 28 years of experience across Standard Chartered, Stanbic, NCBA, and KCB, including founding NC Bank Uganda.Williamson Tea's CEO Transition Marks 10th Listed C-Suite Shift in a Year
Williamson Tea Kenya and Kapchorua Tea Kenya have announced the retirement of Alan Carmichael as Managing Director and CEO effective 31 March 2026, ending an 18-year tenure and a career spanning five decades in the tea industry. His successor, Angus Nyariki Omete, takes over on 1 April 2026. Omete joined the company as a graduate trainee in November 1999 and has spent his entire 26-year career within the group, rising to Group Chief Financial Officer. The transition is the 10th top-level leadership change at an NSE-listed company in the past 12 months.Rwanda Authorities Probe Equity Bank Fraud Scheme
Equity Bank Rwanda is at the center of an ongoing investigation into a fraud incident that has prompted the detention of 35 individuals, including six in Uganda.
Leadership Crisis Deepens at The Nairobi Hospital Amid Arrests, Court Battles
Leadership tensions at Nairobi Hospital have escalated after the arrest of several senior board officials, triggering concern among doctors and drawing political attention, as court battles and governance disputes continue to cloud the management of one of Kenya’s leading private healthcare institutions.
KRA Introduces Body-Worn Cameras for Customs and Border Officers
The Kenya Revenue Authority plans to introduce body-worn cameras for customs and border control officers to improve transparency and accountability at Kenya’s entry points. The devices are expected to record inspections and interactions, strengthening oversight of frontline operations at locations such as Jomo Kenyatta International Airport and other border posts.Parliament Pushes for Faster Reform of State-Owned Enterprises, Limits Budget to KSh 2.88Trillion
KenGen Trims Board by a Third in Governance Overhaul
KenGen has become the first state-owned enterprise to restructure its board under Kenya's Government Owned Enterprises Act 2025, cutting directors from 14 to 9 and triggering the exit of three independent non-executive directors, including Board Chairman Hon. Alfred Agoi Masadia. Shareholders approved the changes at an EGM on 12th February 2026, introducing a Class A and B share structure that ring-fences minority investor voting on independent director elections. The reconstituted board must elect its own chairperson from among independent directors, ending the era of government-appointed chairsHow a Family Network Allegedly Siphoned KSh 22 Million From National Oil Firm
Prosecutors have charged a former National Oil Corporation of Kenya (NOCK) employee, her husband, and an associate over an alleged KSh 22.15 million fraud.Why Institutional Resilience Is Now a Core Corporate Governance Imperative
The world is entering an era of overlapping global crises, from pandemics and financial shocks to geopolitical conflicts and climate pressures. In this volatile and interconnected environment, institutional resilience, the ability to anticipate, adapt, and thrive amid disruption, is no longer optional. This article explores how governments, businesses, and organizations can strengthen their strategies, operations, finances, and governance to withstand shocks and seize opportunities in a rapidly changing world.
KenGen Seeks Shareholder Approval for Board and Governance Reforms
Kenya Electricity Generating Company has called a February 12 extraordinary general meeting to seek shareholder approval for governance reforms covering board composition, director tenure, and appointment rules. The proposals amend the Articles of Association, allow virtual voting, and aim to clarify state and minority shareholder roles. The move follows a similar notice by Kenya Reinsurance Corporation, signalling a broader push to reset governance at listed state-owned firms.Kenya Re Proposes Dual Share Structure Giving Treasury Majority Board Control
Kenya’s state-backed reinsurer plans to lock in government control of its board through a governance overhaul that would introduce unequal voting power between shareholders
