Joshua Oigara Elected Kenya Bankers Association Chairman

By Soko Directory Team / June 29, 2018




Members of the Kenya Bankers Association (KBA) have elected Kenya Commercial Bank’s Group Chief Executive Officer Mr. Joshua Oigara as the new Chairman of the Governing Council and re-elected NIC Bank’s Managing Director Mr. John Gachora for another term as Council Vice Chairman.

The new leadership will serve for a one year period. Mr. Oigara takes over from Standard Chartered Bank’s Chief Executive Officer and Area General Manager for East Africa, Mr. Lamin Manjang. Mr. Manjang, who has served as KBA Chairman for two years, was recognized as being instrumental in steering the industry during the tumultuous period following the enactment of the Banking (Amendment) Act, which introduced price controls on bank interest rates.

Notable developments under Mr. Manjang’s leadership include the launch of Integrated Payment Services Limited (IPSL), established to provide a secure, fast and efficient 24/7 bank-to-bank money transfer platform under the PesaLink brand.

To date, 30 KBA member banks offer the PesaLink service, which moves more than 100 million shillings in value per day.

Since its launch in June 2017, PesaLink has facilitated 68 billion shillings worth of transactions across the banking network. Most recently, Mr. Manjang led the KBA Council to adopt higher standards of governance including taking on policies that will see the industry address the areas of fraud and money laundering.

His tenure also saw the industry train more than 28 thousand bank employees on the role the sector plays in promoting Kenya’s sustainable development under the Sustainable Finance Initiative.

In his acceptance address to members, Mr. Oigara acknowledged that the interest rate cap has remained one of the industry’s greatest challenges over the last two years, adding that it will be an area that the KBA Council will continue to engage on.

“We have given proposals to make credit more accessible, and the Inuka SME Program, particularly the 30 billion shillings fund, will be an important component of the industry’s response to concerns raised by our stakeholders,” he said.

The new KBA Chairman also committed that industry players would continue supporting IPSL in rolling out PesaLink and other FinTech innovations that promote industry efficiency and enhance the user experience for consumers of financial services.



About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (252)
  • July 2019 (340)
  • August 2019 (227)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (249)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (170)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950