Centum Real Estate Limited has appointed Kenneth Mbae as its new Managing Director effective March 17, 2022.
Mbae who has been the subsidiary’s Chief Operating Officer replaces Samuel Kariuki who exited the company
MMajority of Kenyans on Twitter have been congratulating Mr Ken Mbaeo.
Vipingo Development wishes to congratulate our founder Managing Director, Mr. Kenneth Mbae on his appointment as Managing Director, Centum Real Estate. Prior to this appointment, Kenneth served as the COO, Centum Real Estate. We wish him the very best in his new role. pic.twitter.com/EDH3xoPIWa
— Vipingo Development Limited (@VipingoLtd) March 18, 2022
Congratulations to my friend Kenneth Mbae https://t.co/CEJVQLn5RF
— Mwenda Thuranira (Mambofresh) (@mwendathuranira) March 18, 2022
Riverbank Apartments Congratulates Mr. Kenneth Mbae for his new role as the new @CentumRE Managing Director effective 17th March.
Mr. Mbae has been Centum RE's Chief Operating Officer. pic.twitter.com/X6PafdzgHz
— Riverbank Apartments (@RiverbankKE) March 18, 2022
— Charles Gacheru (@CharlesGacheru) March 18, 2022
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.