Joshua Oigara
Joshua Oigara | |
|---|---|
| Born | 1975 Kisii, Kenya |
| Occupation(s) | Corporate leader, accountant, entrepreneur |
| Years active | 1997–present |
| Known for | CEO of Stanbic Bank Kenya and South Sudan; former Group CEO of Kenya Commercial Bank Group |
Joshua Nyamweya Oigara (born in 1975) is a Kenyan corporate leader, accountant, and entrepreneur, currently holding the position of chief executive officer at Stanbic Bank Kenya and South Sudan since November 2022. Prior to this role, he served as the Group Chief Executive Officer of Kenya Commercial Bank Group from 1 January 2013 until 25 May 2022.
Before ascending to the CEO role, Oigara was the chief financial officer and a board member for both KCB Group and KCB Bank Kenya Limited between January 2012 and January 2013. His appointment as CEO at the age of 37 distinguished him as the youngest individual to lead a publicly listed bank on the Nairobi Securities Exchange.
Background and education
Originating from Kisii, Kenya, Oigara grew up in a family of educators and tea farmers located at the Gesima Settlement Scheme in Borabu. He obtained a Bachelor of Commerce degree specializing in Accounting from the University of Nairobi in 1997, complemented by an accounting qualification from Strathmore University School of Accountancy.
Oigara earned his Master of Business Administration from Edith Cowan University in Perth, Australia. Additionally, he has completed advanced executive education programs at INSEAD in France, Fuqua School of Business in the United States, IMD Business School in Switzerland, and London Business School. He is also a Certified Public Accountant accredited by the Institute of Certified Public Accountants of Kenya.
Career
Following his graduation from the University of Nairobi and Strathmore University with qualifications in commerce and accounting, Joshua Oigara began his professional journey at PricewaterhouseCoopers (PwC) in Nairobi in 1997, where he worked for four years. In 2002, he transitioned to Bidco Africa as Group Business Performance Manager before being recruited by Bamburi Cement. During his seven-year tenure at Bamburi Cement, he rose through the ranks to become group finance director and chief financial officer.
In November 2011, Oigara joined Kenya Commercial Bank as group CFO. After serving one year in this capacity, he was elevated to group CEO and managing director of the KCB Group, responsible for banking operations spanning Burundi, Kenya, Rwanda, South Sudan, Tanzania, Uganda, as well as maintaining a representative office in Ethiopia. He resigned from his CEO position in May 2022 but continued to assist with leadership transition until December 2022.
Personal life and net worth
Oigara is married and has three children. In 2015, he reported a net worth amounting to KSh220 million (approximately US$2.2 million), consisting of assets valued at KSh350 million (around US$3.5 million) offset by liabilities totaling KSh130 million (close to US$1.3 million). His gross monthly income was declared at KSh4.9 million (about US$49,000).