Faulu Microfinance Bank has named Equity
Bank Uganda acting managing director Apollo Njoroge its new
chief executive.
He takes over from Charles Njuguna who has
been at the helm of the country’s second largest micro-lender
for three years.
Faulu said it is banking on Njoroge’s experience
to keep the lender, owned by UAP-Old Mutual Group, on
a growth trajectory.
“Njoroge is an experienced financial executive
with over 24 years’ experience in retail, micro, small and
medium enterprises banking across East Africa,” it said in a
statement.
Njoroge has also served at the African Banking Corporation
and I&M Bank.
