Nhlanhla Nene retires, and Philip Odera appointed, as Chairman of the board of Arise
Mr Nene has retired from the board of Arise, an African investment company that partners with local financial and non-banking institutions in Sub-Saharan Africa to advance financial inclusion.
Mr Nene joined the board shortly after the formation of Arise and, with the exception of a short period when he returned to politics, led the board through an important period of growth. He agreed to extend his initial term on the board to guide the company through both the Covid period and several changes at senior management level.
“On behalf of Arise, I extend our appreciation to Mr Nene for his counsel and commitment. During his tenure Arise made significant strides in delivering on its mission of advancing financial inclusion in Africa. We wish him the greatest success in his future endeavours”, said Gavin Tipper, the Arise CEO.
Mr Philip Odera has been appointed as the Chairman of the board of Arise, with effect from 15 January 2023.
“Philip brings significant industry expertise to the Arise board. His extensive experience and knowledge of the African financial services sector will play an important role in the next phase of the company’s growth as it works to grow its investment portfolio and deliver on its mandate of spurring economic activity on the African continent. We look forward to working with Philip”, commented Mr Tipper.
Philip, who hails from Kenya, boasts a career in financial services that spans more than three decades with 17 years in country leadership roles for Stanbic Bank Africa. He has served as the CEO of Stanbic Bank Kenya, Stanbic Bank South Sudan, Stanbic Bank Uganda, and Standard Bank Malawi. Philip was also the Deputy Managing Director of Stanbic Bank Tanzania and the Chief Executive of Citibank DRC.
He is currently the Managing Partner of Marr Consult, a firm that offers specialist advisory services to the health, energy, fintech and FMCG sectors in East Africa, and he chairs the boards of Liberty Kenya Holdings and Letshego Holdings, a listed company based in Botswana.