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Kenya Bankers Association appoint Oigara as new chair

30 June 2014, 11:12

Nairobi - Joshua Oigara is the new the Kenya Bankers Association (KBA) chairman.

Members of KBA have elected him to the helm.

He replaces Jeremy Awori, who has chaired the association for the past 12 months.

The new Governing Council will serve for a similar period of under the chairmanship of Oigara of Kenya Commercial Bank (KCB), and vice chairman Jeremy Ngunze of Commercial Bank of Africa.

The organisation also approved the KBA 2014 to 2018 Strategic Plan and welcomed on board a new Associate Member, Kenya Women Finance Trust.

 Awori, who served as KBA Chairman for the past 12 months, has steered the industry in implementing various progressive initiatives that have contributed to stability of the sector amidst the volatile macroeconomic and regulatory environment.

During his remarks, Awori said the banking industry was dynamic and had evolved significantly in the last 50 years, contributing to the growth and development of the economy. Looking forward, he underscored the importance of leveraging on technical synergies across the industry as well as enhancing policy engagements through research and sharing of best practices from the developed markets.

“Over time, we have collectively positioned the banking industry to be at the centre of the economy. As we venture into the next 50 years, the role of banks will continue to be relevant to the extent of how as an industry we anticipate and adapt to the dynamic market environment,” Awori said.

“Since the inception of the KBA Center for Research on Financial Markets and Policy, we have established an advantaged capability that is consistently shaping our policy engagements.  The industry will increasingly need to leverage on this capability, as well as technical synergies to meet the evolving customers’ needs and enhance capacity to offer technology-driven solutions.  I am confident that we will work together as an industry to capitalise on the opportunities to build a more innovative, inclusive and sustainable banking system,” he said.

Awori concluded by thanking the members for their role in efficiency and transformation programmes. He also took the opportunity to officially welcome KWFT to the association.

On his part, KBA Chief Executive Officer, Habil Olaka, appreciated the role of the outgoing Chairman, noting that he had been instrumental in leading several industry initiatives, including the recent implementation of the Annual Percentage Rate (APR) pricing mechanism which seeks to promote greater transparency within the industry.

In addition, he recognized the support of the Governing Council and the KBA Committees and Sub-Committees which formed KBAs governance structure.

– CAJ News

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