Mugo Kibati

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Mugo Kibati
Kibati.png
Born1969 (age 48–49)
ResidenceNairobi, Kenya
NationalityKenyan
Alma materMoi University
(Bachelor of Technology in Electrical Engineering)
Massachusetts Institute of Technology
(Master of Science in Technology and Policy)
George Washington University School of Business
(Master of Business Administration)
St Peter's College, Oxford
(Certificate in European Union Economics)
TitleCurrent Roles

Chief Executive Officer, Telkom Kenya
Chairman, M-kopa Solar
Chairman, Lake Turkana Wind Power Station
Previous Roles

Director General Kenya Vision 2030
Chief Executive Officer, East African Cables Limited
Technical Marketing Manager, Lucent Technologies
Websitemugokibati.com

Mugo Kibati is a Kenyan electrical engineer, businessman and corporate executive, who, since 9 November 2018, serves as the chief executive officer of Telkom Kenya, the third-largest telecommunications company in the country.[1]

He is the former Group CEO of Sanlam Kenya, where he led a team overseeing the expansion of the business from life to general insurance, investments and asset management. During his tenure, the company re-branded from the PanAfrica brand to Sanlam.[2]

Background and education[edit]

Kibati graduated from Moi University in 1991, with a Bachelor of Technology (Electrical Engineering) degree. He holds a Master of Science degree in Technology and Policy, from the Massachusetts Institute of Technology (MIT).[3] The Technology and Policy Program (TPP) at MIT "addresses societal challenges ... at the intersection of technology and policy, mobilizing science and engineering to inform intelligent, responsible strategies and policies to benefit communities from local to global."

Kibati's other credentials include a Master of Business Administration degree from George Washington University School of Business. He also holds a Certificate in European Union Economics from Oxford University, St. Peters College, in the United Kingdom.[3]

Career[edit]

Mugo Kibati is the Chairman of Lake Turkana Wind Power Limited. Completed in January 2017, the 40,000-acre, 310MW wind farm is the largest inward investment into Kenya since its independence, and the largest renewable energy transaction in Africa’s history to date.[4]

In February 2016, Kibati was appointed the Chairman of M-Kopa Solar, a role he retains to date. The company has connected over 600,000 homes to affordable solar power, with 500 new homes being added everyday, as of January, 2018.[5]

In February 2015, Kibati joined Sanlam Kenya (then PanAfrica Insurance), an insurance and investment company and a member of the South-African Sanlam Group, as CEO.[6][7]

In July 2009, Kibati was appointed Director General of Kenya Vision 2030. In that role, Kibati spearheaded the implementation of Kenya Vision 2030, the official national strategy to transform Kenya into a newly industrialized country by the year 2030. During his tenure, Kibati, with the support of his colleagues in government, the private sector and civil society, laid the foundation for structured national transformation. He is also credited with rallying diverse stakeholders toward consensus on the pathway to economic growth and social development. He exited the role in October 2013.[8]

Kibati served as CEO and Group Managing Director of the East African Cables for four years until June 2008.[8] During this time, the company implemented a successful diversification and growth strategy, increasing annual revenues from KSh. 400 million to Ksh. 3.5 billion, profits from KSh. 15 million to Ksh. 600 million and market share value of the company from KSh. 600 million to KSh12 billion. The strategy included negotiated strategic partnership with a leading global cable manufacturer and acquisition of manufacturing facilities in Tanzania and South Africa. By the end of his tenure, the company has achieved 'blue chip' status as well as the fastest-growing share price on the Nairobi Stock Exchange (2005/6) while exceeding statutory transparency obligations.[9]

As an engineer, Kibati worked at Lucent Technologies, in the United States as a Technical Marketing Manager. He also worked at the Bamburi Cement Company Limited (Lafarge Copee) from November 1991 to May 1997 following an early stint at the Kenya Petroleum Refineries in Mombasa, Kenya.[3]

Other considerations[edit]

Kibati has served on several corporate boards, including I&M Bank and the Apollo Group. He has also held top national industry leadership positions at the Federation of Kenya Employers, the Kenya Association of Manufacturers and the Kenya Private Sector Alliance. He also served on the Board of Governors and chaired the Old Boys' Association of the Alliance High School for several years.[7]

Awards[edit]

References[edit]

  1. ^ Otieno, Bonface. "Telkom appoints Mugo Kibati as CEO". Daily Nation. Nairobi. Retrieved 9 November 2018.
  2. ^ Koigi, Bob (19 August 2016). "Pan African insurance rebrands to Sanlam Kenya as it seeks targets more market share". Haarlem, Netherlands: Africa Business Communities. Retrieved 9 November 2018.
  3. ^ a b c Capital FM Correspondent (9 November 2018). "Telkom Kenya appoints Mugo Kibati its new CEO". Nairobi: 98.4 Capital FM. Retrieved 9 November 2018.
  4. ^ Capital FM Reporter (22 October 2018). "Lake Turkana Wind Power project to connect 365 turbines to the grid". Nairobi: 98.4 Capital FM. Retrieved 9 November 2018.
  5. ^ Guguyu, Otiato (16 March 2016). "M-Kopa hires Mugo Kibati as board chair". Daily Nation. Nairobi. Retrieved 9 November 2018.
  6. ^ Juma, Victor (3 February 2018). "Sanlam Kenya CEO Mugo Kibati set to leave at end month". Business Daily Africa. Nairobi. Retrieved 9 November 2018.
  7. ^ a b Juma, Victor (25 February 2018). "Mugo Kibati appointed new CEO of Pan Africa Insurance". Business Daily Africa. Nairobi. Retrieved 9 November 2018.
  8. ^ a b Capital FM Reporter (15 October 2013). "Mugo Kibati confirms exit from Vision 2030 Secretariat". Nairobi: 98.4 Capital FM. Retrieved 9 November 2018.
  9. ^ Juma, Victor (16 July 2015). "East African Cables CEO resigns after 7 years at the helm". Business Daily Africa. Nairobi. Retrieved 9 November 2018.

External links[edit]