NAIROBI, Kenya, Oct 6 – Former KCB Chief Executive Officer (CEO) and Managing Director Joshua Oigara is being fronted by the Standard bank Group Kenya unit, for a senior position, according to Bloomberg.
Bloomberg report that the discussion is at an advanced stage between the two parties.
Stanbic Bank Kenya, a subsidiary of Standard Bank Group, is seeking to replace CEO Charles Mudiwa.
If appointed, Oigara will take over from Mudiwa whose five-year term is expected to end in December 2022.
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 holds a Post Graduate Diploma in Leadership and Change from Leeds Beckett University.
