, NAIROBI, Kenya, Oct 6 – KCB Group CEO Joshua Oigara has been named among the top 100 youngest and most influential economic leaders in Africa by an independent French research center.
Oigara was ranked at position 25 and leads six other under 40-year old Kenyans in the top 100 list in the annual research conducted by Paris-based Institut Choiseul.
“Your dynamism, your exceptional course and an active contribution to the emergence of Africa as a major player in the global economy is the basis for this selection,” President of Institut Choiseul, Dr Pascal Lorot said.
Of the 54 African countries, 42 are represented in the study.
“I am very excited about the momentous opportunity to accelerate the dynamic transformation of the African continent and the push to realize sustainable and inclusive growth opportunities across Africa’s one billion people,” Oigara said.
The Choiseul 100 Africa, identifies and ranks the young African leaders of 40 years old and under, who are tipped to play a major role in the development of Africa in the near future.
To rank the executives, a weighted criteria is taken into account such as: the image and reputation, the background and skills, the power and function, the influence and networks, and the potential and leadership.
The total of the scores obtained in the different categories of criteria determines the position of each laureate in the final ranking. Oigara, 39, leads the biggest indigenous commercial bank in the East African region in terms of asset base and branch network.
KCB has a presence in six African countries namely Kenya, Tanzania, South Sudan, Uganda, Rwanda and Burundi.
Oigara was appointed to serve as CEO on a four-year term effective January 1, 2013. He joined KCB in November, 2011 as the Chief Financial Officer from Lafarge East Africa (Bamburi Cement Limited).
He had worked in various high-level positions in Bamburi and his expertise in driving transformational initiatives in regional businesses, strategy, business growth and change management will be invaluable in his new position.
Oigara holds a Master of Business Administration (MBA) with a distinction in international business management from Edith Cowan University, Australia (2011), Bachelor of Commerce Degree, Accounting Option, from the University of Nairobi (1997), Advanced Management Program Graduate from INDSEAD, Fontainebleau, France (2010).
He is also a graduate of the program for Management Development (juMP), Fuqua School of Business, Duke University, North Carolina, USA (2006) as well as a Certified Public Accountant of Kenya CPA (K), School of Accountancy, Strathmore University (1997). He is a member of the Institute of Certified Public Accountants of Kenya.
Oigara is an MBA graduate from the Edith Cowan University (ECU) in Australia and a Bachelor of Commerce (Accounting) degree holder from the University of Nairobi.
He is also a graduate of the Duke University Business School (Fuqua) Leadership Development Program and the Institute European d’Administration des Affaires (INSEAD) Advanced Management Program.
Oigara is the current chairman of the governing council of the Kenya Bankers Association (KBA), an umbrella body of the commercial banks licenced under the Banking Act.
KBA negotiates on behalf of its members and promotes their interests by engaging the government and sector regulator, Central Bank of Kenya.