John Ngumi Biography, Wiki, Wife, Net Worth, Children, Parents, Age, Career & More

John Ngumi is a well-known Kenyan businessman, banker, investor, media personality, and internet personality. He has served more than 35 years in the banking industry and has contributed significantly to the enhancement of Kenya’s financial sector. Ngumi is currently the chairman of Safaricom PLC, Kenya’s biggest telecoms operator, and one of the most successful companies in the country.

Ngumi has made significant contributions to Kenya’s capital markets, including his leading role in the development of the Nairobi Securities Exchange and his role in the development of the country’s first corporate bond market.

However, Ngumi resigned from his role as Safaricom’s Chairman in December 2022, only five months after his appointment, to pursue green energy development across Africa.

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Early Life and Education

John Ngumi was born in 1957, which makes him 65 years old as of 2023. He grew up in Kenya and attended local schools before joining the University of Nairobi, where he studied economics. According to his LinkedIn profile, he also attended St. Peter’s College, Oxford University, United Kingdom, and completed his graduation in philosophy, Politics, and Economics.

John Ngumi Age & Biography

John Ngumi is a Kenyan businessman, banker, investor, media face, and internet personality who is currently known as the former chairman of Safaricom, a telecommunications company in Kenya. Ngumi was born in 1957, which makes him 66 years old as of 2023.

His exact birthdate is not mentioned in the search results. Ngumi was appointed as the new chairman of Safaricom effective August 1, 2022, succeeding Michael Joseph. However, he resigned from the role after serving less than six months, and a new board chairman is expected to be named in the coming weeks.

Wiki | BIO

Career

Ngumi’s career spans more than three decades in the banking industry. He started his career as a management trainee at the National Bank of Kenya and rose through the ranks to become the CEO of the same bank in 1994. During his tenure as CEO, Ngumi transformed National Bank into a profitable and efficient bank, earning him recognition as one of Kenya’s most successful bankers.

In 2001, Ngumi left National Bank to join the Kenya Commercial Bank (KCB) as a senior executive. At KCB, he played a pivotal role in the bank’s growth and expansion into the East African region. He also spearheaded KCB’s successful initial public offering (IPO) in 2003, which was oversubscribed by more than 400%.

After leaving KCB in 2005, Ngumi joined the Board of Directors of Equity Bank, one of the fastest-growing banks in Africa. He played a crucial role in Equity Bank’s expansion into the East and Central African markets and helped the bank to become one of the most successful financial institutions on the continent.

Safaricom PLC

In 2022, John Ngumi was appointed as the Chairman of Safaricom PLC, Kenya’s biggest telecoms operator. He took over from Michael Joseph and is expected to lead the company through a new phase of growth and innovation. Ngumi’s appointment comes at a time when Safaricom is facing stiff competition from other players in the market, and there is a need to maintain its dominance in the industry.

John Ngumi Net Worth

John Ngumi’s net worth is estimated to be in the range of $6 million to $8 million. His wealth is mainly derived from his successful career in the banking industry and his investments in various businesses and projects.

Married Life, Wife & Children

John Ngumi is a private person who rarely shares details about his personal life. However, it is known that he is married and has children. After conducting a search, there is no publicly available information about John Ngumi’s wife and kids. However, there is no mention of his personal life or family members.

Trending News

• In January 2023, John Ngumi resigned from his position as the Chairman of Safaricom to pursue green energy development across Africa. However, his tenure at Safaricom was short-lived as he was only appointed to the position in August 2022.

• John Ngumi, a former President Uhuru Kenyatta’s ally, and a seasoned investment banker, recently spoke out about his controversial $3.7 million payment in the Telkom Kenya deal, where he served as an advisor to the government on the acquisition of Telkom Kenya from the UK firm Helios Investment Partners. Ngumi defended his compensation, stating that he was paid because he was the best in business and that he had helped the UK firm save money and make better decisions.

• Ngumi is a highly successful investment banker who has brokered mega financial deals running in excess of $8.6 billion (Sh860 billion) over the years he spent in the banking sector. He has had a hand in a web of mega financial deals spanning the continent and beyond, including over $8 billion (Sh864 billion) in debt advisory and capital. Ngumi has earned his fortune from a long career in investment banking, shares, and allowances as a board member of some of the largest institutions in the country. Therefore, based on his track record and expertise, Ngumi believes that he deserved compensation for his advisory role in the government buyback transaction.

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Career Highlights and Achievements

Throughout his long and illustrious career, John Ngumi has achieved a great deal. John Ngumi is a well-known Kenyan businessman, banker, investor, and media personality who was appointed as the Chairman of Safaricom’s Board in August 2022.

Ngumi took over from Michael Joseph, the founder, and CEO, who served as the Board Chairman since July 2020. He is famously known in Kenya for his over 35-year career in the banking industry, where he served local and international corporates, including Standard Chartered Bank, Renaissance Capital, and the Kenya Commercial Bank. Here are some of his career highlights and accomplishments:

Banking Career

• Served as the Group Director of Equity Bank Kenya from 2004 to 2014, helping to steer the bank to become one of the largest in East Africa.
• Appointed as the Executive Director of the African Development Bank (AfDB) in 2002, where he played a key role in the bank’s work to reduce poverty and promote sustainable economic growth in Africa.
• Served as the Managing Director of Kenya Commercial Bank (KCB) from 1994 to 2002, where he helped to modernize the bank and position it for growth in the competitive Kenyan banking sector.

Other Achievements

• Appointed as the Chairman of the Board of Directors for Safaricom PLC in August 2022, succeeding Michael Joseph.
• Served as the Chairman of the Board of Directors for the Kenya Pipeline Company (KPC) from 2014 to 2018, where he helped to transform the company into a profitable and efficient organization.
• Was a member of the team that negotiated the release of Nelson Mandela from prison in South Africa in 1990, as part of a delegation representing the Commonwealth of Nations.

Family: Parents & Siblings

Based on the provided search results, there is no information available regarding John Ngumi’s parents or siblings. It appears that John Ngumi has maintained his privacy regarding his family background.

The available information in the search results mainly focuses on his professional career and recent appointment as the chairman of Safaricom. However, he is known to be a highly respected and influential figure in Kenya, with many people looking up to him for his leadership, wisdom, and expertise in various fields.

Facts About John Ngumi

• Ngumi served in the banking industry for more than 35 years, during which he held several senior positions.
• He has worked with both local and international corporates and helped in the enhancement of Kenya’s capital markets.
• Ngumi has led debt and derivatives transactions for Safaricom totaling KES 30 billion, including Safaricom’s inaugural KES 4 billion bond issue in 2001.
• Prior to his appointment as Chairman of Safaricom, Ngumi served as the Non-Executive Director of the company.
• Ngumi has also served as a director of several other companies, including East African Breweries Limited (EABL) and Unga Group Limited.

• He holds a Bachelor of Commerce degree from the University of Nairobi and an MBA in Finance from the University of Chicago Booth School of Business.
• Ngumi has been recognized for his contribution to the development of Kenya’s capital markets and has received several awards, including the prestigious Order of the Grand Warrior (OGW) in 2004.
• He has also been actively involved in philanthropy, including serving on the board of the Kenya Community Development Foundation and as a trustee of the Rhino Ark Charitable Trust.
• Ngumi was a key player in the privatization of Kenya’s state-owned enterprises, including Kenya Airways, Kenya Power and Lighting Company, and Telkom Kenya.

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