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Former Kenya Commercial Bank (KCB) managing editor Joshua Oigara has yet again assumed the corporate captaincy of Stanbic Bank.
Oigara will head the bank both in Kenya and South Sudan taking over from Charles Mudiwa who is retiring from the post after over two decades.
Stanbic is an offshoot of the Standard Bank Group.
In October this year, Oigara was reported to be in talks with the bank over a multi-million contract that would see him assume its leadership.
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The appointment would be later endorsed by the Central Bank of Kenya.
Oigara left KCB early this year after ten years at its helm.
He was replaced by Paul Russo, formerly the managing director of the National Bank of Kenya, which is being integrated into the KCB Group.
Oigara was appointed KCB boss on January 1, 2013, and was due to retire on December 31, CIO Africa reported.
A source intimated he would leave his role in the last week of March.
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In March this year, KCB Group extended Joshua Oigara's term as CEO of the bank by one more year.
The bank received backing from its shareholders to change Oigara's contract from a four-year term to a five-year term.
Oigara had previously announced that he would retire at the end of his second term, which ended in December 2021.
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Source: TUKO.co.ke
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