Airtel Kenya has announced the appointment of Rose Mambo as chair for Airtel Money Kenya Limited.
This follows the split of the mobile money product, Airtel Money, from the telco.
Airtel Money will be, as from a few days ago, under the Airtel Money Kenya Limited umbrella.
Other carrier services are still under Airtel Kenya, which is a subsidiary of Airtel Africa. Airtel Africa serves 14 countries on the continent, and its mother company is Bharti Airtel from India.
Airtel is the first Kenyan telco that has split a key part of its business from carrier services. Others such as Safaricom and Telkom Kenya are reportedly planning to do the same thing in the coming months.
According to a statement from Airtel Kenya, Mrs. Mambo brings a wealth of experience to the table, having worked extensively in managerial roles in multiple businesses.
Her experience spans 26 years. She has worked in capital markets, governance, company law, and administration both in Government and the private sector.
Until September 2019, she was the CEO of the Central Depository and Settlement Corporation (ICDC).
She was previously Head of Legal and Compliance and Company Secretary at the Nairobi Securities Exchange and served as Senior State Counsel in the Office of the Attorney General.
Mrs. Mambo holds a Master of Business Administration degree from Strathmore Business School; a Master of Laws degree from American University a Bachelor of Laws degree from the University of Nairobi; and a Diploma from the Kenya School of Law.
She is an Advocate of the High Court of Kenya and a Fellow of the Institute of Certified Secretaries of Kenya.
“We wish to congratulate Mrs. Rose Mambo on her new appointment and wish her all the best in this assignment. Her expertise from across the public and private sectors will add tremendous value to Airtel Money as we work towards deepening financial inclusion in the country,” the Board said in a statement.