THE STANDARD
BUSINESS
Flora Mutahi, the Chief Executive Officer (CEO) and founder of Melvin Marsh International, during the interview. [Nanjinia Wamuswa, Standard]
Fifty-eight years after Kenya attained independence, gender parity, especially in the private sector, remains elusive.
Of the 62 listed firms on the Nairobi Securities Exchange (NSE), for example, there are only five female chief executives, with women accounting for 21 per cent of senior management positions.
“If we go at the rate we are going, we’ll achieve gender parity in 225 years … We really have to leapfrog,” Melvin Marsh International chief executive Flora Mutahi told The Standard.
Mutahi was recently announced as the First Female Chair of the Kenya Association of Manufacturers (KAM) board since the group’s inception in 1959.
The regional lender increased its profit after tax to Ksh6.37 billion ($59.53 million) from Ksh6.26 billion ($58.5 million) in the same period last year.