Shibutse leaves Mwalimu after three-year stint

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Robert Shibutse, the immediate former CEO of Mwalimu Sacco has called it a day after an eventful three years at the society.
He introduced innovative products and oversaw the construction of the landmark Mwalimu Sacco Towers which is now the head office at Upper Hill, and left after his contract expired and could not be renewed by Board of Directors.
Sources indicate that Shibutse is currently pursuing personal interests and is reported to be finalizing on his PhD studies.
Meanwhile Mwalimu Sacco has appointed Alphonse Kaio as acting CEO to replace Robert Shibutse, who has been at the helm of the society for three years before Board of Directors replaced him. He took over from Joshua Ojall in 2014 after being headhunted from Equatorial Commercial Bank.
It was during Shibutse’s tenure that the Sacco acquired a majority stake in ECB, which later rebranded to Spire Bank Kenya.

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