NAIROBI, Kenya — HF Group Plc has appointed veteran banker Samuel Mwangi Makome as the new chairman of HFC Limited, subject to approval by the Central Bank of Kenya, in a move aimed at strengthening leadership at the mortgage finance subsidiary.
In a public announcement issued on March 17, the group said Makome brings over three decades of experience in the banking sector, having held senior leadership roles across major financial institutions in the region.
His previous positions include roles at KCB Group, Standard Chartered, and Equity Group Holdings, where he built a reputation in strategic leadership, operations, and risk management.
The appointment, once approved by the regulator, is expected to bolster governance and oversight at HFC Limited, a key player in Kenya’s mortgage and housing finance sector.
At the same time, the board of HF Group also announced the appointment of Elizabeth Gitau as an independent non-executive director, effective March 13, 2026.
Gitau is an experienced human resource and transformation expert with a track record spanning both public and private sectors across East Africa. According to the group, she has held senior leadership roles in globally recognised organisations, including Unilever and KPMG.
Her expertise covers human capital strategy, organisational transformation, and workforce development, areas seen as critical to the group’s ongoing restructuring and growth plans.
The dual appointments come as HF Group continues to reposition itself in Kenya’s competitive financial services sector, with a growing focus on housing finance and real estate development in line with national priorities.
HFC Limited, a subsidiary of HF Group, plays a central role in advancing mortgage access and supporting the government’s affordable housing agenda through financing solutions tailored to individual and institutional buyers.
The lender operates under the regulatory oversight of the Central Bank of Kenya, which must approve the board appointments to ensure compliance with prudential and governance standards.
The appointments are expected to take effect upon completion of regulatory approvals, marking a new phase in the institution’s leadership and strategic direction.
