JA Africa welcomes Martin Mugambi, Chief Executive Officer (CEO), Kenya and Cluster Head, East Africa at Citi Bank to the JA Africa Board of Directors. He has joined the governance of JA Africa, which comprises 16 accomplished professionals who oversee the strategic direction of JA programs in 15 Sub-Saharan African countries
As East Africa Cluster Head, Mr. Mugambi has oversight on Citi’s presence country businesses in Tanzania, Uganda and Zambia as well as the non-presence country businesses in Ethiopia, Eritrea, Djibouti, Rwanda and Burundi. He was previously the Group Executive Director of the Commercial Bank of Africa (CBA) Limited. He first joined Citi in 2001 as Vice President of Corporate & Investment Banking (CIB), East Africa. He went on to hold a number of senior positions in Citi including Managing Director & Head of Corporate Finance in Citi’s Sub-Saharan Africa (SSA) business in South Africa, as well as CEO for Citibank Zambia Limited.
As Head of Corporate Finance, Mr. Mugambi’s portfolio encompassed the full spectrum of international and domestic corporate finance products and services for over 35 countries in Africa that Citi operates in on a presence & non-presence basis. He had responsibility for the end-to-end origination, structuring, execution and distribution of cross-border and domestic corporate finance transactions in the SSA region by procuring investors in the form of international, regional and local financial institutions. These institutions include banks, insurance companies, multilateral and bilateral financial institutions and other non-traditional investors.
He worked with Chase Manhattan Bank (now JPMorgan Chase) for 3 years, focusing on both advisory and structured finance roles. As part of his international rotational assignments, he spent time in the London and South Africa offices of Chase.
Mr. Mugambi obtained an MBA in Finance as well as a Bachelors of Science (BSc.) in Business Administration from Duquesne University in Pittsburgh, Pennsylvania, in the United States.
Prior to joining the Africa Board, he served JA on the Board of Zambia while he worked in that country.
Citi Foundation is one of JA Africa’s largest funders. Citi funds JA’s work as part of Citi Foundation’s Pathways to Progress initiative. The Citi Foundation invests in programs that help young people pursue their career and economic ambitions by connecting them to on-ramps to opportunity. Pathways to Progress is the Foundation’s response to persistent youth unemployment.
