NAIROBI, Kenya March 18-Centum Real Estate Limited has appointed Kenneth Mbae as its new Managing Director effective March 17, 2022.
Mbae will take over from Samuel Kariuki, who has resigned to pursue other interests.
Prior to this appointment, Mbae served as the Chief Operating Officer of Centum Re overseeing operations in Kenya and Uganda.
He was the founding Managing Director of Vipingo Development, the largest Centum Re subsidiary, which he led from set up and transformed to a business valued at over Sh20 billion with over Sh9billion in sales and Sh5.3billion in cash collections.
“Kenneth has a great record of steering the biggest unit of our real estate business and he is uniquely well suited to take over this new role,” said the Centum Investment Company PLC Chief Executive Officer, James Mworia.
Mbae is a Harvard University GSD Alumni (AMDP XVIII), holds a BSC Biochemistry from Kenyatta University and an Advanced Management Certificate in Business Management from the Kenya Institute of Management, and is a member of Project Management Institute and Institute of Directors (Kenya).
“I am excited at the opportunity to lead the team at Centum Re. I will continue to build on the company’s brand in delivering quality, value for money, timely handover of projects, and value to shareholders and investors,” said Mbae.
Centum Re is a fully-owned real estate subsidiary of the Nairobi Securities Exchange-listed Centum Investment Plc.
