Former KCB Group Managing Director, Joshua Oigara, has been appointed as Chief Executive Officer for Stanbic Bank Kenya & South Sudan effective December 1, 2022.
This is following the retirement of Charles Mudiwa who served at Standard Bank Group over the last 20 years and also after the end of his five-year term at the helm of Stanbic Kenya
Oigara had been with KCB bank for nine years and will be tasked with leading the Standard Group-owned lender to grow its local market share from the current 5.2 percent.
Oigara had spearheaded the company to greater heights during his time with the institution. He had seen the bank grow its revenues substantially, and his role in building partnerships with other companies, including Safaricom had also allowed the bank to expand its offerings, including products such as KCB M-PESA, and its stake in overdraft Fuliza alongside NCBA.
This development will see Oigara bring his expertise to the lender to match the competition that has since transitioned many of its products and services to online platforms and will report directly to Standard Bank East Africa Regional CEO, Patrick Mweheire.
Mr. Oigara, 47, left KCB in April, marking the end of a nine-year stint at the helm of the bank, a period through which the lender grew to become the leading bank with a local market share of 13.8 percent.