Oxford East Africa — the publisher caught in a corruption storm last year — has hired a new managing director to replace Muriuki Njeru who left in July.
The company appointed Peter Kimanthi, a former manager at Nation Media Group, as its new MD.
Mr Njeru’s left the firm alongside the company’s Nairobi-based finance director also exited the company together with the managing director, finance manager and the publishing manager of the Tanzania unit.
The five left soon after the World Bank and UK’s Serious Fraud Office fined Oxford Sh292 million after establishing that the publisher’s executives had bribed government officials in East Africa to win contracts.
The company said that their exit arose from a reorganisation of the business and was not linked to the fraud.
The World Bank and other multi-lateral development banks such as the African Development Bank also locked out the publisher from their contracts for three years.
In Tanzania, the government — the biggest buyer of textbooks — banned it from seeking contracts for seven years. Oxford is said to have reported itself to the World Bank and UK authorities.
NMG
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