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Housing Finance makes changes

By Fredrick Obura | April 2nd 2019 at 12:02:33 GMT +0300

NAIROBI, KENYA: Housing Finance has made an announcement on changes at its key management positions.

In a newspaper notice, Housing Finance said Samuel Mwaniki Waweru  has retired as the managing director of the company to pursue other interests, also retiring is Steve Omenga Mainda as the non-executive director and chairman of HFC Limited

“However Mainda will continue to sit as the chairman of HF Group, the non-operating holding company.”

SEE ALSO: Banks to pump over Sh300b into housing

At the same time, the company which reported a net loss of Sh598 million from a profit of Sh126 million last year announced the appointment of Kaushik Manek as a non-executive director of HFC limited and chairman of the board.

In addition to the new appointment, Manek will continue to serve on the HF Group Board as a non-executive director, a position he has held since 2015.

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