{"id":78330,"date":"2024-03-10T10:34:05","date_gmt":"2024-03-10T10:34:05","guid":{"rendered":"https:\/\/www.kba.co.ke\/?p=78330"},"modified":"2024-03-10T10:34:05","modified_gmt":"2024-03-10T10:34:05","slug":"kba-governing-council-announces-retirement-of-dr-habil-olaka-as-banking-industry-associations-chief-executive-officer","status":"publish","type":"post","link":"https:\/\/www.kba.co.ke\/site25\/kba-governing-council-announces-retirement-of-dr-habil-olaka-as-banking-industry-associations-chief-executive-officer\/","title":{"rendered":"KBA Governing Council Announces Retirement of Dr. Habil Olaka as Banking Industry Association\u2019s Chief Executive Officer"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
  • Dr. Olaka contributed to significant industry development during his tenure<\/em><\/li>
  • Governing Council appoints Raimond Molenje acting CEO pending appointment of substantive CEO<\/em><\/li><\/ul>

    Nairobi, 10th March 2024:<\/strong> The Governing Council of Kenya Bankers Association (KBA), the leading financial sector\u2019s advocacy group and the umbrella body of banking institutions licensed and regulated by the Central Bank of Kenya (CBK) has announced the retirement of Dr. Habil Olaka from the Association as Chief Executive Officer effective 31st March 2024. Dr. Olaka has served as the Association\u2019s chief executive since his appointment in 2010.<\/p>

    In a statement, the KBA Governing Council Chairman and NCBA Bank Group Managing Director Mr. John Gachora announced the appointment of the Association\u2019s Director, Legal, Human Resources and Policy Advocacy, Mr. Raimond Molenje, in an acting capacity effective 1st April 2024, to steer the Association during the transition period before the appointment of a substantive Chief Executive Officer.<\/p>

    Since his appointment, Dr. Olaka has been instrumental in the Association’s strategic direction, successfully spearheading various groundbreaking industry advocacy, development, and sustainability initiatives. Dr. Olaka accomplished significant industry milestones, including reinforcing the Association\u2019s role as a reputable and responsive industry leader by championing forward-looking sustainable development and inclusive socio-economic growth by fostering collaborations with the Government, the sector regulator (CBK) and other partners in the public and private sectors across the economy.<\/p>

    During his tenure, Dr. Olaka led the introduction of the Sustainable Finance Initiative (SFI) in 2015 to support member banks to create long-term value for the economy, society, and the environment. The initiative culminated in the issuance of the first Green Bond in Kenya and by extension, the East African region in 2019.<\/p>

    Dr. Olaka contributed to industry-led mitigations by member banks during the COVID-19 pandemic,
    collectively preventing the health crisis from degenerating into a financial crisis. He also played a
    vanguard role in the conceptualization of PesaLink, establishing the real-time payment services
    solution for the banking industry. It was also during Dr. Olaka\u2019s tenure that a robust Automated
    Clearing House and cheque processing system was established, reducing the cheque clearing time
    from four days to one day.<\/p>

    Celebrating Dr. Olaka\u2019s contributions during his tenure, KBA Governing Council Chairman, Mr. John
    Gachora, expressed the KBA Governing Council\u2019s gratitude for Dr. Olaka\u2019s exceptional leadership, noting that the Association had enjoyed tremendous growth under his stewardship and achieved
    significant milestones for banks, the financial sector, and the economy.<\/p>

    \u201cUnder Dr. Olaka\u2019s leadership, KBA has continued to reinforce a reputable and professional banking sector that best support Kenyans, who entrust their ambitions and hard-earned resources with its
    member banks,\u201d Mr. Gachora said.<\/p>

    On his part, Dr. Olaka said: \u201cIt has been an honor to lead and transform KBA into a formidable financial sector advocacy group over the last 13 years and wish to thank the KBA, Governing Council,
    member banks, and the Central Bank of Kenya leadership over the period, stakeholders and KBA
    staff for their support.\u201d<\/p>

    \"\"Mr. Molenje joined KBA in 2018 and has 19 years\u2019 experience in legal and regulatory practice, human capital and policy advocacy having held senior management roles in leading business member organizations for ten years.<\/p>

    \u00a0<\/p>

    \u00a0<\/p>

    \u00a0<\/p>

    \u00a0<\/p>

    About the Kenya Bankers Association:<\/strong><\/span>
    KBA (www.kba.co.ke) was founded on 16th July 1962. Today, KBA is the financial sector’s leading advocacy group and banking
    industry umbrella body that represents total assets in excess of USD 60 billion. KBA has evolved and broadened its function to
    include advocacy on behalf of the banking industry and championing financial sector development through strategic projects such as the launch of the industry’s first P2P digital payments platform PesaLink. In line with the Government’s policy on publicprivate
    partnerships, KBA and Central Bank of Kenya have implemented key projects such as modernization of the National Payments System through the Automated Clearing House, implementing the Real Time Gross Settlement System (RTGS), and the Kenya Credit Information Sharing Initiative. The KBA members are comprised of commercial banks and deposit taking
    microfinance banks. For more information, visit www.kba.co.ke.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t

    <\/span><\/div>","protected":false},"excerpt":{"rendered":"

    Nairobi, 10th March 2024: The Governing Council of Kenya Bankers Association (KBA), the leading financial sector\u2019s advocacy group and the umbrella body of banking institutions licensed and regulated by the Central Bank of Kenya (CBK) has announced the retirement of Dr. Habil Olaka from the Association as Chief Executive Officer effective 31st March 2024. Dr. Olaka has served as the Association\u2019s chief executive since his appointment in 2010.<\/p>\n

    <\/span><\/div>","protected":false},"author":2,"featured_media":78331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-78330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-masonry-design"],"_links":{"self":[{"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/posts\/78330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/comments?post=78330"}],"version-history":[{"count":0,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/posts\/78330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/media\/78331"}],"wp:attachment":[{"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/media?parent=78330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/categories?post=78330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kba.co.ke\/site25\/wp-json\/wp\/v2\/tags?post=78330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}