[Kenya] Tourism Finance Corporation makes management appointments
16-02-2017 05:40:00 | by: Bob Koigi | hits: 5627 | Tags:

The Tourism Finance Corporation (TFC) has appointed six new managers. The agency is seeking to fill positions in legal, procurement, finance, public relations and communications as well as audit departments.

“The new TFC management team will deliver to the tourism industry and Kenyans in general as they will also spearhead an increased sustainable funding model for the sector,” said TFC managing director, Jonah Orumoi.

The team of six is made up of Mohammed Ahmed who will be the Chief PR and Communications Officer, Emily Simiyu as head of Audit, Patricia Gachungi as head of Procurement, Mary Njeri as head of Legal and Corporate Secretary, Norman Mwangi as head of Finance and Grace Ndegwa as Senior Internal Auditor.

This comes after TFC last year sent home five top managers including the heads of the Credit, Human resources, Legal and IT departments following wrangles over the sale of multimillion- shilling assets.

The issues within the organisation began in March following the investigations on the sale of a Sh700 million property in Mombasa.

Tourism secretary Najib Balala appointed Jonah Orumoi as acting chief executive of TFC on February 26, three months before Marianne Ndegwa’s term came to an end — effectively leaving the agency with two heads.

Mr Orumoi replaced Ms Ndegwa, who was sent on forced leave pending her retirement.

The TFC, formerly Kenya Tourist Development Corporation, was set up to provide cheap development funding and advisory services for long-term investments in the tourism industry.

The corporation, which has a loan book of more than Sh1 billion, extends loans to tourist sector investors at a low interest rate of nine per cent per year and has funded over 200 projects in all the 47 counties since its inception.

The facilities, which have benefited from the fund include cottages, hotels, restaurants curios and other tourism-related businesses.