Former Universities Fund CEO Geoffrey Monari appointed new Helb boss
Monari takes over from Charles Ringera, whose decade-long tenure ended in December last year.
The Higher Education Loans Board (HELB) has appointed the former Universities Fund CEO Geoffrey Monari as its new Chief Executive Officer for a five-year term, effective March 13, 2025.
Monari takes over from Charles Ringera, whose decade-long tenure ended in December last year. Following Ringera's departure, Mary Wachira Muchie stepped in as interim CEO before Monari’s appointment.
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“The Higher Education Loans Board (HELB) is pleased to announce the appointment of Mr. Geoffrey Monari as the new Chief Executive Officer [CEO] effective 13th March 2025,” HELB Chairman David Ekwee Ethuro announced on Thursday.
Monari brings to the role over 15 years of experience in senior management within the higher education financing sector. His extensive expertise is expected to contribute to the success of the Board in advancing student financing and loan management.
Prior to his appointment, Monari served as the founding CEO of the Universities Fund from 2020. Before that, he was the Chief Operations Officer (COO) at HELB from 2016 to 2020. During his tenure as COO, he played a key role in implementing transformative initiatives, including enhancing student lending, strengthening debt management, and fostering partnerships for resource mobilisation.
According to Ethuro, Monari's strategic leadership significantly impacted HELB’s operational framework, particularly in stakeholder engagement and financial sustainability.
Monari holds a Bachelor of Commerce degree, a Master of Business Administration, and a Senior Management Leadership Programme certificate. Additionally, he is currently pursuing the Global CEO Africa Programme at Strathmore Business School.
His appointment comes at a crucial time when HELB is focusing on expanding access to education financing and improving loan recovery mechanisms to ensure sustainable support for students across the country.
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