NAIROBI, Kenya, Sept. 7 – Centum Investments has appointed Thomas Omondi-Achola as Acting Group Chief Executive Officer following the appointment of James Mworia as the inaugural CEO of the National Infrastructure Fund (NIF).
Omondi currently serves as Centum’s Partner, Portfolio Operations and Group Chief Operating Officer, a position he has held since 2018.
Centum said his appointment takes effect immediately and is in line with the company’s succession plan.
“To ensure complete strategic momentum and operational continuity, the Board of Directors has appointed Mr. Thomas Omondi-Achola, currently Partner, Portfolio Operations and Group Chief Operating Officer, as the Acting Group Chief Executive Officer, effective immediately, in line with the Group’s corporate succession plan,” Centum said.
Before joining Centum, Omondi spent more than 13 years at Kenya Airways, where he held various executive positions, including Chief Transformation Officer, Director of Strategy and Performance Management, Acting Chief Commercial Officer and General Manager of Jambojet.
He also served as Head of Operations Control, Head of HR Business Partners and Head of IT Development at the airline.
Omondi holds a Bachelor of Science degree in Mathematics and an MBA in Finance from the University of Nairobi, as well as an MBA in General Management from IESE Business School in Spain.
He is also a Certified Information Systems Auditor (CISA) and a RIKA Fellow.
Centum Board Chair Donald Kaberuka said Omondi would oversee the company following Mworia’s departure.
“On behalf of the Board, I extend our deepest gratitude to James Mworia for a legendary era of service. His call to national duty at the National Investment Fund is a testament to his exceptional leadership,” the chair said.
Mworia took over as the inaugural NIF CEO on Monday after leaving Centum.
The NIF Board said his immediate priorities will include setting up the fund’s organisation, systems and workforce, developing its institutional culture, mobilising co-investment capital and building a pipeline of infrastructure projects.
Mworia was among six people appointed to the NIF Board on July 9, 2026, by National Treasury Cabinet Secretary John Mbadi.
The other board members are Fahima Ali Ahmed Zein, Christopher Kibui Maranga, Latoya Ouna, Lawrence Kibet and Mohammed Abdirahman Hassan.
The National Assembly approved the establishment of the NIF earlier this year. The fund is expected to mobilise nearly Sh5 trillion over the next decade to finance infrastructure projects.
The projects will include highways, railways, ports, agribusiness infrastructure and energy systems.
The fund will use both public and private sector financing, with funding expected from government allocations, private investment, privatisation proceeds, grants and loans.
