From August 1, 2022, John Ngumi will assume the position board chairman at telecommunications giant Safaricom.
Ngumi’s career profile shows that he holds a degree in Philosophy, Politics and Economics from St. Peter’s College, Oxford University, United Kingdom.
This is not the first top board position that is occupying. He has previously held a highly decorated career profile, with top board positions in government parastatals.
During a 35-year banking career, he established himself as East Africa’s foremost corporate and investment banker, working with local and international/global corporates that have an East African regional presence, state-owned enterprises, sovereigns, and financial services groups.
Ngumi is a seasoned director having drawn his experience in both private companies and state-owned enterprises.
For the latter, he is best known as the inaugural Board Chair at Konza Technopolis Development Authority and as an extremely active and effective Board Chair at Kenya Pipeline Company Limited.
Ngumi currently serves as Board Chair at the Industrial & Commercial Development Corporation (ICDC), which is leading the effort to implement the Kenya Transport & Logistics Network, encompassing Kenya Ports Authority, Kenya Pipeline Company Limited and Kenya Railways Corporation. He also serves on the board of Kenya Airways PLC.
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Ngumi started his banking career at National Westminister Bank, London and has worked for various institutions including Grindlays Bank, Citibank, Barclays Bank and Standard Bank of South Africa establishing himself as East Africa’s foremost corporate and investment banker.
He also co-founded one of Africa’s locally owned investment banks, the Loita Capital Partners Group and has led innovative financial transactions in diverse sectors including telecommunications, energy, manufacturing, aviation, energy and infrastructure.
John describes himself as a gregarious; enormously self-confident person possessed of copious amounts of drive, determination, energy and will to win.
His overriding goal is to see Africa freed from economic hopelessness and he believes robust and efficient financial services will be a key factor, hence his pivotal role at the intersection of public and private spheres.