In a statement sent to newsrooms, Kenya Airways Chairman Evanson Mwaniki said the two will fill the two vacant positions on the board.
The two will replace Ayisi Makatiani and Dines Kapila who retired from the board on Friday at the company’s 38th Annual General Meeting (AGM).
Election for the two vacancies on the board of directors was conducted by a poll on Friday.
Mugane is an investment banker working with Standard Chartered Bank which in 2009 completed the buyout of First Africa Group a mergers and acquisition firm she co-founded.
She holds a Masters in Law from Georgetown University.
On her part Armstrong-Ogwapit worked as a Service Director at Housing Finance and head of Customer service at Barclays Bank of Kenya.
The new directors come at a time the local airline reported a Sh10.5 billion loss for the six months ended September 30, 2014.
The airline has also reported to have received a second B737-800 Next Generation aircraft.
The B737-800 is the second of Kenya Airways’ such aircraft with Boeing Sky Interior. The airline expects four more such aircraft.
The 737-800 is one of the best-selling versions of the successful Next-Generation 737 family with a maximum range of 5,449 kilometres per hour and a cruise speed up to 848 kilometres per hour.
Kenya Airways Group Managing Director and Chief Executive Officer Mbuvi Ngunze said that besides bestowing the pride of having the youngest fleet on the continent, the aircraft boasts of state-of-the-art features, including fuel efficiency.
Ngunze said that the aircraft adds to Kenya Airways new modern, fuel-efficient and economical portfolio of commercial jets and will, alongside other aircraft, contribute significantly towards reducing our operation costs.