The Tourism Fund and Tourism Finance Corporation (TFC) have new substantive chief executive officers.
At the Tourism Fund, Mr Joseph Cherutoi, who has been acting CEO has been confirmed to the position, according to the agency’s chairman, Mr Henry Kosgey. Cherutoi has been with the fund since 2014 when he was first appointed as Head of Finance and later acting CEO. Tourism Fund charges a 2 per cent levy on all gross sales of food, drinks and other tourism-related services.
Also, Tourism Finance Corporation (TFC) has appointed Jonah Orumoi as Managing Director. Orumoi who has been in office in acting capacity since his appointment by Tourism Cabinet Secretary Najib Balala on February 26 replaced Maryanne Ndegwa.
TFC Board Chairman Mr Patrick Osero said Orumoi has been appointed as MD for a period of three years effective August 1, 2016. “We are confident that his leadership will refresh the delivery of the organisation’s mandate,” Osero said.
Orumoi was previously head of finance & ICT at the Kenya Tourism Board. TFC is mandated to facilitate and provide development funding and advisory services for long-term investment in Kenya’s tourism industry.
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