Andrew Musangi is one of six individuals in the running to be the next Chairman of the Central Bank of Kenya (CBK). He is married to Mary Anne Musangi, heiress of the late tycoon Chris Kirubi’s multi-billion shilling fortune.
Other individuals lined up to be interviewed by the Public Service Commission (PSC) for the CBK role include Abdikadir Aden, John Konchellah, James Wahome, Thomas Mwadeghu and James Lopoyetum.
Andrew Musangi is the son of the late educationist Prof Richard Musangi, who at the time of his death in 2021, aged 87, was the Chancellor of Egerton University. He had also served as Vice Chancellor of the institution.
Over the years, Andrew Musangi has held a raft of senior roles in both the public and private sector.
The University of Hull (UK)-educated lawyer was admitted as an Advocate of the High Court of Kenya in 1995. He established Mukite Musangi and Company Advocates (MMC) in December 1998, serving as a Managing Partner.
He got married to Mary Ann Kirubi in 2009. The couple has in recent years taken up prominent roles in the running of the vast Kirubi empire – which includes major stakes in companies including Centum Investment.
In 2021, Musangi took up seats on the boards of Centum Real Estate (Centum RE) as well as its parent company Centum Investment, pointing to his growing influence in the company where the late Kirubi was the single largest individual shareholder.
He has also served as the Chairman of the Public Procurement Regulatory Board.
Mary Ann Musangi, on the other hand, sits on the boards of at least seven publicly listed and private Kenyan companies.
Chris Kirubi, who passed away in 2021 aged 80, owned a 31-percent stake in Centum Investments. The stake is today held by his son, Robert Kirubi, and daughter, Mary-Ann who inherited 80 percent of his fortune – including stakes in KCB Group, Haco Industries and Bendor Estate Limited.