Sidian Bank has appointed former Cabinet Secretary James Macharia as its new Chairman, signaling a strategic board overhaul to transform the lender. This change comes as the bank aims to strengthen its governance and strategic direction in a competitive market.

• Macharia takes over from James Mworia, Group CEO of major shareholder Centum Investment Company Plc, who will remain on the board.
• The board refresh includes the addition of three new independent directors: economist Prof Paul Gachanja, Financial Consultant Apollo Ong’ara, and accounting firm Managing Partner Madhav Bhandari.
• Macharia brings over four decades of experience in finance, including serving as Group Managing Director of NIC Bank Group and holding ministerial portfolios for Health and Transport, Infrastructure, Housing and Urban Development.