NAIROBI, Kenya, Nov 16 – Former Kenya Commercial Bank (KCB) Group head Joshua Oigara has been appointed Stanbic Bank Kenya, South Sudan CEO effective December 1 2022.
Oigara will take over from Charles Mudiwa who will be retiring in December 31 2022, after two-decades with the Bank.
In his new role, Oigara will be tasked with growing the lenders’ businesses in Kenya and South Sudan.
Last month, Bloomberg reported that Oigara was in talks with Stanbic Bank Kenya for a senior position.
Oigara is a renowned executive who steered KCB to profit growth during his term from Jan 2013 to May 2022.
In his tenure, the Bank’s profit grew from Sh14.3 billion in 2013 to Sh34.2 billion in December 2021.
Oigara holds a Masters of Business Administration (MBA) from Edith Cowan University. He boasts an illustrious working experience with firms such as Bamburi Cement Limited, Bidco Africa, among others.
Mudiwa, who holds a Post Graduate Diploma in Leadership and Change from Leeds Beckett University, started his career at the Standard Bank Group in 2002, as Stanbic Bank Zimbabwe Executive Director.
His previous roles as Executive Director and Chief Executive spans Zimbabwe, South Africa, Zambia and Malawi.
He took the helm at Stanbic bank Kenya in 2017, transforming the organization.
Under his leadership, the bank’s profitability has grown, moving to position 7 from a starting point of position 9 in December 2017.
