Citi boss tapped to head Safaricom’s core strategy arm
Telco giant Safaricom has tapped Citibank managing director Michael Mutiga as the Chief Business Development & Strategy Officer effective 1st May 2022.
“He will lead Safaricom’s business development and transformation agenda, and will be responsible for Strategic Partnerships, Mergers and Acquisitions, Safaricom’s funding strategy, and asset optimization,” CEO Peter Ndegwa said.
Mr Mutiga will be replacing long-serving Safaricom executive Joe Ogutu who retired at the end of April 2022.
With over 20 years of experience in banking, Mr Mutiga joins Safaricom from Citibank where he was a managing director and head of corporate finance for Sub-Saharan Africa since 2019.
He has been working at global lender Citibank for 15 years and has held various senior local and regional management and leadership roles.
Read also: Long-serving Safaricom executive, Joe Ogutu, calls it a day
Prior to joining Citibank, Mr Mutiga worked in Barclays/Absa Capital, where he grew from a management associate to the regional coverage head – East Africa, investment banking division Africa, a role he held until he joined Citibank in 2006.
Mr Mutiga joins the Nairobi Securities Exchange-listed company at a time when the telco is mulling testing three new products dubbed Bima (Insurance), Mali (mobile savings), and a unit trust investment.
He holds a Bachelor of Law Degree from the University of Nairobi, and Masters in Law degree from Temple University. He is an advocate and a certified public secretary.
His predecessor Joe Ogutu will continue serving as the Chairman of Safaricom Foundation where he has been instrumental in driving partnerships that transform the lives of millions of people and enable communities to be self-sufficient.
