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KDIC chief executive gets new term

By Peter Theuri | January 17th 2020 at 14:00:00 GMT +0300

Mohamud Ahmed Mohamud chief executive of Kenya Deposit Insurance Corporation.

Money & Careers
Mohamud Ahmed Mohamud has been reappointed as the chief executive of Kenya Deposit Insurance Corporation

Mohamud Ahmed Mohamud has been reappointed as the chief executive of Kenya Deposit Insurance Corporation (KDIC).

National Treasury Cabinet Secretary Ukur Yattani ratified the board’s decision to renew the CEO’s contract in a letter addressed to the corporation’s chairman James Lopoyetum. 

Mr Mohamud’s first three-year term ends on February 9.

KDIC has the powers to guarantee deposits of insured institutions, carry out supervision, solve problems in banks and liquidate failed financial institutions.

SEE ALSO: State to pump Sh100b into new super lender

This helps to promote the stability and build confidence in Kenya’s financial system.


KDIC Kenya Deposit Insurance Corporation Ukur Yattani Treasury Mohamud Ahmed Mohamud Jobs

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