Centum Investment Group CEO Dr. James Mworia has officially handed over the chairmanship of Sidian Bank’s Board to former Cabinet Secretary and seasoned banker James Macharia, marking the close of a decade-long chapter that saw the bank undergo remarkable transformation.
Announcing the transition on his LinkedIn page, Dr. Mworia described the move as an honour and expressed confidence in Macharia’s leadership, citing his vast experience in the financial and public sectors. “James is a seasoned banker with over 30 years of experience, including eight years as CEO of NIC Bank and ten years of distinguished service in Cabinet,” he said, noting that Macharia was well-equipped to guide Sidian Bank into its next phase of growth.
Reflecting on his tenure, Dr. Mworia highlighted how Sidian Bank evolved from a microfinance institution, K-Rep Bank, into a dynamic commercial bank with close to KSh 100 billion in assets. Over the past decade, the institution has grown sixfold, positioning itself as a leading SME lender in Kenya’s financial landscape.
He extended appreciation to shareholders, management, staff, and customers for their dedication and trust throughout the journey. “I extend my heartfelt gratitude to everyone who has been part of this transformation,” he added.
Dr. Mworia concluded by congratulating Mr. Macharia and wishing him success as he steers the bank forward. The leadership change signals a new phase of strategic growth for Sidian Bank, which continues to strengthen its footprint in Kenya’s banking industry.
