Joshua Oigara has been appointed CEO of Stanbic Bank Kenya and South Sudan effective December 1, 2022.
Oigara will report directly to Patrick Mweheire, Regional CEO of Standard Bank East Africa. This comes after the anticipated retirement of the current MD, Charles Mudiwa, effective December 31, 2022.
Mudiwa intends to retire after a lengthy and distinguished career at the bank spanning more than two decades. Mudiwa worked in several capacities with Stanbic Bank Group, Africa’s largest bank by assets, until his retirement.
His previous positions include Executive Director and Chief Executive in Zimbabwe, South Africa, Zambia, and Malawi.
Oigara has steadily steered KCB in the last nine years and five months, taking the lender from a profit mark of Ksh14.3 billion in 2013, when it registered a 17 percent profit, to Ksh34.2 billion net profit as of December 31, 2021, riding on an economic recovery across markets.
The group successfully completed the acquisition of BPR Rwanda on July 31, 2021, and Oigara kicked off integration activities that will see the amalgamation of the bank and KCB Rwanda into a single banking business.
During his tenure, KCB Group managed to accumulate a huge regional customer base with 26.8 million accounts and 4,900 employees in 222 branches with Kenya leading with 178 branches, 20 in South Sudan, Tanzania 12, Uganda 14, Rwanda 11, and Burundi with one.
Oigara holds a Bachelor’s degree in Business Administration and a Master’s degree in Business Administration in Strategic Management and Investments from Edith Cowan University in Australia.
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