29.3 C
Kenya
Thursday, February 27, 2020

CEO Joshua Oigara to leave KCB in three years

Must Read

Career profile of the confirmed KQ CEO Allan Kilavuka

Kenya Airways has appointed Allan Kilavuka as the group managing director and chief executive officer. His appointment will take...

How you can easily import your vehicle directly from Japan

Importing a Car From Japan: Most Kenyans looking to import vehicles directly from Japan, Europe or Thailand inevitably face...

More flights from China to land in Kenya, says Chinese Embassy

Preventing Corona Virus in Kenya: The flight from China that landed yesterday at the Jomo Kenyatta International Airport was...

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.

For more business news, features and profiles, CLICK HERE

“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.

Visit our sister site HERE

- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

140,513FansLike
10,942FollowersFollow
7,640FollowersFollow
214SubscribersSubscribe

Latest News

Career profile of the confirmed KQ CEO Allan Kilavuka

Kenya Airways has appointed Allan Kilavuka as the group managing director and chief executive officer. His appointment will take...

How you can easily import your vehicle directly from Japan

Importing a Car From Japan: Most Kenyans looking to import vehicles directly from Japan, Europe or Thailand inevitably face the big dilemma of spotting...

More flights from China to land in Kenya, says Chinese Embassy

Preventing Corona Virus in Kenya: The flight from China that landed yesterday at the Jomo Kenyatta International Airport was the first among a series...

Kenya opens doors for wheat imports from US

Wheat Farming: Kenya has lifted the prohibition on US wheat following a deal between President President Uhuru Kenyatta and Donald Trump. Yesterday, U.S. Secretary...

Kenya’s 6 billionaires who all come from one village

Muranga Billionaires: Most of the central Kenya billionaires come from the same Rwathia village of Kangema, in Murang’a, succeeding in taking their businesses beyond...

More Articles Like This

- Advertisement -
%d bloggers like this: