Home Afrika has appointed the current Executive Director and Chief Finance Officer, Ms Jayne Nyokabi as the Acting Managing Director following the retirement of its Managing Director, Dan Awendo.
Mr Awendo’s successor is a finance expert with over 15 years’ experience in financial advisory, strategy, corporate management and policy development and implementation. She is a registered member ofICPAK (Institute of Certified Public Accountants of Kenya), a member of AWAK (Associationof Women Accountants of Kenya), a member of WOBN (Women on Boards Network) and a Rotarian.
Peter Mungai, the Home Afrika Chairman said Ms Nyokabi has previously been embedded in the company’s transformation and restructuring committee and is in step with Home Afrika’s future strategic direction.
“Having served as the Executive Director and Chief Finance Officer of Home Afrika, Ms. Nyokabi will be charged with ensuring continuity in overseeing the implementation of sound corporate governance practices, revenue growth, generating liquidity and cost rationalisation.”
Ms Nyokabi is a CPAK, holds a Bachelor of Commerce degree and is currently studying for Master’s in Business Administration, Finance Option. She is a finance expert with experience in accounting, financial advisory and reporting.
As the Chief Finance Officer and Executive Director, Ms. Nyokabi was formerly charged with all aspects of finance, investor relations, legal, and business operations. “She has in the past steered the development of the organization’s financial strategies and guided the firm’s strategic thinking,” said Mr. Mungai.
Announcing the change, the Chairman thanked the erstwhile Managing Director, Dan Awendo for having “added tremendous value to company when he served on the company’s Board since it’s inception before transitioning to become the Managing Director of the company six years ago.
Mr Mungai said Mr Awendo has presided over a significant reduction in losses and increase in sales despite the negative effects of Covid-19 pandemic. The Chairman revealed that the board had put in place a turnaround strategy and is now keen on building additional revenue streams, generating liquidity, cost rationalization and capital raising to create value for all stakeholders.
Read: Home Afrika posts Sh346 million loss despite steady revenue
