Centum Real Estate appoints Kenneth Mbae as new MD
Centum Real Estate Limited (Centum RE) has appointed Kenneth Mbae as Managing Director effective March 17, 2022.
Prior to this appointment, Kenneth served as the Chief Operating Officer of Centum overseeing operations in Kenya and Uganda.
He previously served as the founding Managing Director of Vipingo Development Limited, the largest Centum RE subsidiary.
In this role, he transformed the company into a business valued at over Ksh. 20 billion with over Ksh.9 billion in sales and Ksh.5.3 billion in cash collections.
Additionally, he led the construction and timely hand over of 510 residential units, a seawater desalination plant with a capacity of over three million litres per day, amongst other development of Vipingo.
He also set up the Vipingo scholarship fund that offers full h9gh school scholarships to 250 bright and needy students from Vipingo.
Kenneth joined Centum Investment Company Plc in 2010 as an intern in the real estate team and has grown to this current position.
He is a Havard University GSD Alumni, holds a BSC Biochemistry from Kenyatta University and an advanced Management Certificate in Business Management from Kenya Institute of Management and is a member of Project Management Institute and Institute of Directors Kenya.
Kenneth recently warn an award as a top 40 under 40 men in 2021.
Kenneth takes over the role from Samuel Kariuki, who has left to pursue other interests.
As the outgoing Managing Director, he will remain available to work with Kenneth to ensure a smooth transition and hand over process.
Samuel has been with Centum Group of Companies for six years, having previously served in the roles of Group Finance Director and as Managing Director of Centum Business Solutions Limited.
During his tenure as Managing Director of Centum RE, he was instrumental in growing the company and building a talented executive team to support the business.