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Shelter Afrique Board Chairman Corneille Karekezi. The Board says it will implement the report by Deloitte/COURTESY

Kenya

James Mugerwa named Shelter Afrique boss

Ba (left) shakes hand with Mugerwa (right) as the Chairman of the Board of Directors of Shelter Afrique Corneille Karekezi and Principal Secretary for Land Housing and Urban Development Mariamu Maawy (centre) look on/COURTESY

Ba (left) shakes hand with Mugerwa (right) as the Chairman of the Board of Directors of Shelter Afrique Corneille Karekezi and Principal Secretary for Land Housing and Urban Development Mariamu Maawy (centre) look on/COURTESY

NAIROBI, Kenya, Aug 22 – James Mugerwa has been appointed the new Managing Director of Shelter Afrique from August 1, 2014.

Mugerwa will replace Alassane Ba, following conclusion of his five-year term at the listed Pan African Housing Financial Institution.

Prior to his appointment, Mugerwa was the CEO of AB Microfinance Bank, one of the leading microfinance banks in Nigeria.

“James Mugerwa has worked in several European and African countries and brings to Shelter Afrique more than 24 years experience in financial services management, banking, insurance and financial operations,” read a statement from the company’s secretary Vipya Harawa.

His initial career was in German banks which includes Frankfurter Sparkasse and DG Bank. He later co-established the Italian subsidiary of Hermes Credit Insurance services before becoming the CEO and member of the board of Fortis Factoring business in Italy.

Mugerwa was also the CEO of GE Capital Italy, a corporate bank with $8billion of assets in SME, corporate banking and structured finance.

In 2013 Mugerwa was Vice President of Access to Finance (A2F), a US based financial and management consulting firm specialised in emerging markets with a particular focus on Africa.

He holds a Masters degree in Business Administration from the Johann Goethe University of Frankfurt.

“Fluent in English, Italian, German, Luganda, with good working knowledge of French and Swahili, he brings vast experience in international corporate and development finance.”

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