KCB Group CEO Mr Joshua Oigara has bee re-elected as the chair of the Kenya Bankers Association (KBA) Governing Council for the 2019/2020 period. The banks also re-elected NIC Group’s Mr. John Gahora as Vice Chairperson.
In a statement, the association noted that under Mr. Oigara’s tenure, KBA has engaged on various industry initiatives, including the removal of interest rate controls introduced by the Banking (Amendment) Act, 2016.
“KBA has also been a proponent of the adoption of a risk-based pricing framework as a sustainable alternative to promoting access to credit for the private sector. Further, KBA completed key projects to increase efficiency of the Automated Clearing House (ACH), enabling banks to enhance security and clear foreign currency-denominated cheques within two days, among other enhancements” read the statement.
“We are very proud of how KBA has emerged as the primary voice of the financial services sector and a key facilitator of banking industry growth and development,” noted Mr Oigara while accepting the re-appointment.