Former Cabinet Secretary for Health, Transport, and Infrastructure James Macharia has been appointed as the new Chairman of Sidian Bank, replacing James Mworia, who has held the position since 2014.
Macharia’s appointment marks his return to the banking sector, where he previously built a strong reputation before joining public service.
Prior to his stint in government, he served as the Group Managing Director of NIC Bank, now part of NCBA Group, following its merger with CBA Bank.
As the new Sidian Bank Chair, Macharia is expected to steer the institution through its next phase of growth, leveraging his extensive experience in both the public and financial sectors.
His appointment comes at a time when the mid-tier lender is seeking to expand its market share among small and medium-sized enterprises (SMEs).
Outgoing chair James Mworia, who also serves as the Chief Executive Officer of Centum Investment Company, has been credited with overseeing Sidian Bank’s transformation from a building society into a fully-fledged commercial bank.
Sidian Bank, which is majority-owned by Centum Investment, has in recent years focused on strengthening its SME lending portfolio and digital banking platforms.
Macharia’s blend of banking expertise and policy experience is expected to position the bank for continued stability and innovation in Kenya’s competitive financial sector.
