PwC Kenya extends its leadership team 2011

2 March 2011

Nairobi

PwC today announced the following additions to its leadership team. This is in response to the rapid growth experienced in the last year driven by the increasing needs of services in the regional markets in East Africa as well as Rwanda, Sudan and Eritrea. The appointments were announced by Country Senior Partner, Kuria Muchiru.

"Since its formation ten years ago, PwC has experienced strong, sustained regional growth. We are very fortunate to have a pool of intelligent, strong leaders who have served in different capacities within the region, who we can draw upon, to assume the critical responsibilities of guiding our firm through the next phase of our development and help us to build on our growth.” Mr. Muchiru said.

Simeon Cheruiyot was admitted to Partnership on 1 July 2010 in Tax. He is an active member of the Consumer and Industrial Products group. He has been with the firm since 1994 during which he has gained experience in general corporate tax matters, international tax planning, group re-structuring, tax optimisation schemes, VAT reviews and executive remuneration structuring in Kenya. Simeon has been a regular contributor to and commentator on the annual Kenya Government’s budget speech and in lobbying for changes to tax legislation for various industry sectors in Kenya. He holds a Bachelor of Commerce degree from the University of Nairobi and is a Certified Public Accountant of Kenya (CPA (K).

Michael Mugasa has rejoined the firm within the Consumer and Industrial Products (CIPS) industry group. He has been with the firm for 17 years, with six of them as partner in the Audit and Assurance Services. He has recently returned from Zambia, where he led the Audit and Assurance practice. Prior to that he was with the Nigerian firm and has extensive business experience gained from working in East Africa, West Africa and the United Kingdom. Michael provides audit and advisory services to large businesses in the energy, utilities and mining, telecommunications and banking sector. He has wide experience across various industries across the region and has several led teams in undertaking financial due diligence reviews for business acquisition in East and West Africa. Michael is a member of the Institute of Certified Public Accountants of Kenya (ICPAK) and a licentiate member of the Zambia Institute of Chartered Accountants. He holds a Bachelor of Commerce degree from University of Nairobi.

Peter Ngahu rejoins the firm as a leader within the Infrastructure and Consumer and Industrial Products (CIPS) Industry groups. He has over 17 years experience in external audit and financial reporting with clients in Kenya, Uganda, Rwanda and the United Kingdom. He has returned from Uganda where in addition to his portfolio of audit clients, he was also the partner responsible for Audit Methodology Implementation as well as Learning and Education in the PwC practice within the Africa Central region (a grouping of nine countries that includes: Uganda, Kenya, Tanzania, Mauritius, Nigeria, Angola, Ghana, Zambia and Rwanda). Peter is a member of the Institute of Certified Public Accountants of Kenya (ICPAK), the Institute of Certified Public Accountants of Rwanda (ICPAR) and the Institute of Certified Public Accountant of Uganda (ICPAU) and is well placed to manage the increasingly demand of regional accounts. He holds a BA (Land Economics) Honours degree from the University of Nairobi.

Kuria Muchiru Country senior partner, PwC commented: ‘The decision to continue investing in our business and manage the people pipeline during the recent difficult business environment has begun to bear fruit. It is interesting to note that the outlook of many businesses in Kenya has changed. While our domestic market still plays a key role in the regional economy, it is the growth in the region that is driving our economy and sustaining many local businesses. We continue to invest in our business and manage the people pipeline through adequate resourcing to serve our clients both in the short term and in the longer term. These additions to PwC Kenya give us a stronger leadership team that will focus on meeting our client needs and engaging with them to provide the value they are looking for.”