David Mwangangi to head NSSF as Ag.Managing Director
The National Social Security Fund (NSSF) has announced the appointment of David Mwangangi as interim CEO effective November 22.
This follows the exit of Antony Omerikwa from the helm of the agency.
“Today(Monday) is my last day as the CEO of NSSF and marks a momentous change of leadership in an institution that I have steered with dedication as a team leader for over seven years,” Omerikwa said in a statement.
Omerikwa joined NSSF in 2011 as a Manager and rose to the General Manager- Operations.
In 2015, he was appointed Acting Chief Executive Officer for four years until 2019, when he was appointed the substantive CEO/Managing Trustee of NSSF.
During Omerikwa’s tenure, the Fund’s net value of assets increased from Sh165billion to Sh295billion currently, this is in addition to an interest rate on member accounts of 10 per cent in the last financial year despite Covid-19 pandemic challenges.
He also safeguarded the Fund’s assets, acquiring back some of the assets that had illegally been obtained by third parties and reduction of the Funds Litigation Exposure significantly.In the same period, NSSF innovated and implemented the ‘Haba Haba’ informant sector.
“As I leave the Fund, I am a very proud Kenyan for all we achieved in transforming the institution,” he said.