Ex-KCB boss Joshua Oigara appointed new Stanbic Bank CEO

Former KCB Group Chief Executive Officer Joshua Oigara is set to join Stanbic Bank Kenya & South Sudan on a similar role effective from December 1, 2022.

Sources at the bank confirmed his appointment to the role even as Stanbic Bank was yet to officially make the pronouncement by close of business on Wednesday.

Joshua Oigara is expected to take over from Charles Mudiwa who is set to end a seven-year stint as the lender’s CEO at the end of the year as he retires from the wider Standard Bank Group after 20 years.

Oigara ended a near 10-year term at the helm of KCB in May this year, with Paul Russo succeeding him as the new head of Kenya’s second largest bank by asset base.

He was credited with growing KCB into a formidable regional bank through acquisitions in Tanzania and Rwanda.

His last acquisition came in March when KCB Group added Rwanda’s Banque Populaire du Rwanda (BPR) to its stable.

In Kenya, Oigara had overseen the acquisition of the National Bank of Kenya (NBK) in 2019.

Oigara was previously KCB’s Group Chief Finance Officer before which he held senior roles in Bamburi Cement and Bidco Africa.

He holds a Bachelor’s of Commerce, Accounting from the University of Nairobi (UON), and a Master’s in Business Administration from Edith Cowan University.