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Hellen Chepkwony Appointed Kenya Deposit Insurance Corporation Acting CEO

Editor SharpDaily by Editor SharpDaily
December 27, 2022
in News
Reading Time: 1 min read
Hellen Chepkwony

Hellen Chepkwony has been appointed as the Chief Executive Officer of the Kenya Deposit Insurance Corporation (KDIC) in an acting capacity.

Ms Chepkwony takes over from Mohamud Ahmed Mohamud who is set to exit KDIC in early 2023, pending the recruitment of a substantive office holder.

The Corporation is the country’s resolution authority for banks, mandated to promptly resolve problem banks, provide deposit insurance for customers of member institutions and generally ensure financial stability in the banking sector. KDIC protects depositors of banks which are licensed and regulated by CBK.

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