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CEO Joshua Oigara to leave KCB in three years

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KCB Group CEO Joshua Oigara is set to leave the bank in three years.

This is after the CEO revealed that he is not planning to renew his tenure.

Mr. Oigara who has been leading Kenya Commercial Bank – as the bank is officially known – since November 30 2012 said that he sees no need in extending his contract.

‘’I have three years to the end of my 10-year contract. I have done what was supposed to be done. There is no need in overstaying,’’ Oigara said.

The 44- year old replaced Martin Oduor-Otieno seven years ago. During his reign so far, he has almost tripled the bank’s asset value from Sh. 297.5 billion in 2012 to Sh. 714.3 billion.

CEO Joshua Oigara, an MBA graduate from the Edith Cowan University (ECU) in Australia was said to be among top contenders for the KRA director general position but dismissed the reports as rumors.

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“Treat that news as rumors. I don’t know who is spreading such information,’’ Oigara said. His tenure at the bank lapses on November 30, 2022.

Over Mr. Oigara’s tenure, KCB has entrenched itself as the most profitable bank in the country. In the financial results that are being released, the bank led the pack at the top. It was followed by Kenya’s second biggest bank Equity Bank whose CEO is Dr. James Mwangi.

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