NCBA Group PLC has announced the resignation of its Group Company Secretary, Kathryne Kamene Maundu, effective October 1, 2025, as she steps aside to pursue personal interests.
Maundu, who joined NCBA with a strong track record in corporate governance, leaves behind a legacy marked by regulatory leadership and industry recognition.
She was recently awarded Fellowship status by the Institute of Certified Secretaries of Kenya during its 30th Annual Dinner on August 29.
“The Board expresses its sincere appreciation for her invaluable service, support and wishes her the very best in her future endeavors,” the company said in a public notice issued on October 2.
Profile of Kathryne Kamene Maundu
She is an advocate of the High Court of Kenya and a Certified Public Secretary, with nearly two decades of experience in both private and public service, spanning law, governance and business advisory roles across East Africa.
She was named among Kenya’s Top 40 under 40 Women for her leadership and influence in the corporate space.
Maundu began her career in law firms before joining Deloitte in 2004, where she rose to senior manager over a 15-year span in Kenya, Tanzania and Uganda.
Her work included advising multinational corporations and listed companies on compliance, restructuring and governance frameworks.
Among her achievements was reducing Deloitte Tanzania’s debtor collection cycle from more than a year to just one month and securing Stanbic Bank as a key client in Uganda, generating annual revenues of $50,000.
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In 2019, she joined Stamford Corporate Services LLP, Bowman’s affiliate in Nairobi, as a partner.
She also played an important role in facilitating leadership transitions for major firms such as Safaricom, BAT and EABL, ensuring smooth handovers and regulatory approvals.
Maundu holds a law degree from the University of Nairobi, a postgraduate diploma from the Kenya School of Law and additional certifications in business and corporate law from the University of London.
New Acting Secretary
Esther Kung’u, currently the Company Secretary and Head of Legal at NCBA Insurance Company Limited, will serve as the Acting Company Secretary of NCBA Group PLC.
Kung’u has been with the NCBA Group since 2008 and has steadily risen through the ranks.
She holds an Executive Master of Business Administration from Moi University, is an Advocate of the High Court of Kenya, and is a Certified Public Secretary (CPS-K).
The announcement was issued with the approval of the Capital Markets Authority, in accordance with the Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002.
NCBA Group PLC is regulated by the Central Bank of Kenya.
NCBA group 2025 Profits
NCBA Group announced a profit after tax of Sh11.1 billion for the first half of 2025, marking a 12.6% increase from the Ksh9.8 billion recorded during the same period in 2024.
The improved performance has been attributed to the Group’s continued focus on operational efficiency and strategic pricing, despite a challenging macroeconomic environment.
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“We’re pleased to report a strong performance for the first half of 2025, signaling a positive turnaround and business momentum,” said NCBA Group Managing Director John Gachora.
“Our income grew by 13%, reflecting the results of effective operational execution and prudent pricing in a tough economic climate.”
Profit before tax rose by 11.4% to Sh13.6 billion, while operating income expanded to Sh35.3 billion, an increase of 12.7% compared to the same period last year.
Digital lending remained a key growth area, with total disbursements surging 35% to Sh646 billion. On the other hand, customer deposits declined by 6% to Sh497 billion, and total assets dropped 3.8% to Sh663 billion.
“We maintained strong asset quality and improved recoveries, with the non-performing loan (NPL) ratio at 11.9% and a cost of risk at 1.4%,” Gachora added.
NCBA’s Kenyan business continued to be the Group’s primary growth engine, registering a 7.4% increase in profit before tax to Sh11 billion year-over-year.
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