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Shelter Afrique picks Ugandan as new MD [Business Daily (Kenya)](Business Daily (Kenya) Via Acquire Media NewsEdge) Pan-African mortgage loans firm Shelter Afrique has appointed James Mugerwa as its new managing director, replacing Alassane Ba who has held the position for the past five years. Mr Mugerwa, a Ugandan, takes over at the Nairobi-based housing company that is jointly owned by African governments. He has previously worked in the financial sector in Italy and Germany. His appointment brings to an end a controversial term for Mr Ba whose term was almost cut short following allegations that he had assaulted the firm's finance director, Karen Kandie, in June 2012. READ: Why Shelter Afrique is replacing CEO and finance chief This kicked off a diplomatic storm with the director of Public Prosecutions Keriako Tobiko calling for his arrest. But Shelter Afrique has a diplomatic status due to its joint ownership by African governments, a factor that shielded Mr Ba from arrest. (c) 2014 Nation Media Group. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |