Bankers Elect New Governing Council Chair, Vice Chair
Nairobi 24th June 2021 - Members of the banking industry's advocacy organization Kenya Bankers Association (KBA) have today elected NCBA Bank Managing Director and CEO John Gachora and Family Bank Chief Executive Officer Rebecca Mbithi as the incoming Chairperson and Vice Chairperson, respectively, for the period 2021 to 2022. Mr. Gachora, who previously served as Vice Chairperson, takes over from Mr. Joshua Oigara, who chaired the KBA Governing Council for the past three years.
During their tenure, Mr. Oigara and Mr. Gachora led the banks through one of the most challenging periods of the industry's history, including advocating for the repeal of interest rate controls and promoting resilience considering the Coronavirus (COVID-19) pandemic. Mr. Oigara passionately spearheaded the adoption of industrywide initiatives towards ensuring financial inclusion for all.
Speaking during the KBA 59th Annual General Meeting, Mr. Oigara thanked members for their support during his term. "I congratulate John and Rebecca on their election. I am proud of the progress we have made collectively, and you can count on my support," he said, lauding the KBA member banks for collectively supporting the Government at the onset of the COVID-19 pandemic towards anchoring the economy, including by moving swiftly to zero rate various bank fees and charges, as well as, restructuring 54 percent of the industry's loan portfolio to cushion businesses. Mr. Oigara further appreciated banks for contributing Ksh. 1.7 billion to the National Emergency Response Fund which, he said, underlined the industry's longstanding responsive commitment to society.
Accepting their appointments, Mr. Gachora and Ms. Mbithi thanked the KBA Governing Council and Member Banks and committed to sustain industry growth by working closely with all stakeholders.
Welcoming the new leadership, KBA Chief Executive Officer Dr. Habil Olaka thanked Mr. Oigara for his service over the years. Dr. Olaka further highlighted the importance of promoting industrywide sustainability efforts, citing the Persons with Disability (PWD) Digital Accessibility project that was initiated by KBA in 2020. "A pioneering initiative in the African region, the programme saw seven banks volunteer to have their digital service channels and products assessed. I am happy that the Digital Accessibility project's recommendations were formally adopted by the KBA General Body, with 22 plus banks having already developed roadmaps to enhance the digital banking experience for customers and employees with disabilities," he said.
Dr. Olaka also welcomed Caritas Microfinance Bank, which joined the Association in 2020. "We are confident the bank will contribute to our long-term vision of reinforcing the industry's role in advancing Kenya's sustainable economic development," he said.
KBA Governing Council for the 2021/2022 period:
The KBA Governing Council is nominated to represent three categories - large, medium-sized, and small banks, as defined by the KBA articles of association. The incoming Council members are as follows:
KBA Director of Communications and Public Affairs