N’gang’a Njinu, who took over as interim Chief Executive of TransCentury following the resignation pf Gachao Kiuna in January this year, had been confirmed in the position at the infrastructure firm.
Njinu joined TransCentury in 2008 since when he has held several roles in corporate finance, portfolio management, business development as well as originating and developing opportunities in the infrastructure sector.
Since taking over on an interim basis earlier this year, Njinu has overseen the firm’s round of fundraising and debt restructuring. In March this year, it was announced that Kuramo Capital Partners was injecting approximately $20 million in the firm to help it settle a convertible bond obligation. The deal earned the New York-based investment firm a 25% stake in TransCentury.