Former Roads and Transport Cabinet Secretary (CS) James Macharia has been appointed the new Chairman of Sidian Bank, taking over from Centum Investments CEO James Mworia, who has held the position since 2014.
Announcing the leadership change on Wednesday, October 22, Sidian Bank confirmed that Mworia will remain on the bank’s board.
“It has been my great honor and privilege to hand over the chairmanship of the Board of Sidian Bank to James Macharia,” Mworia said during the handover ceremony.
He praised Macharia as a “seasoned banker” with more than 30 years of experience, including eight years as CEO of NIC Bank now part of the merged NCBA Group and a decade of service in the Cabinet.
“The bank could not ask for a more capable leader to guide Sidian Bank into its next phase of growth,” Mworia added.
Reflecting on his tenure, Mworia highlighted Sidian Bank’s transformation over the past decade from a microfinance institution, K-Rep Bank, into a dynamic commercial bank approaching Ksh100 billion in assets and recognized as a leading SME lender.
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Macharia brings a wealth of experience in accountancy, consultancy, financial management, and commercial banking.
He began his career at Deloitte’s Tax Consultancy Division in London before returning to Kenya in 1989 to join Standard Chartered Bank, where he rose to become Financial Controller in 1994. He later served as Managing Director of the African Banking Corporation in Zambia and Tanzania.
In 2005, Macharia was appointed Group Managing Director of NIC Bank, a role he held until May 2013. During his tenure, the bank expanded its regional footprint, establishing subsidiaries in Tanzania and Uganda.
Macharia transitioned to public service in 2013, first serving as Cabinet Secretary for Health before being appointed Cabinet Secretary for Roads and Transport in 2015.
He holds a Bachelor of Commerce degree from the University of Nairobi (1983) and an MBA from Henley Management College, UK.
By Obegi Malack
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