All you need to know about the MD and CEO of KCB

Joshua Oigara is not a new name in the republic of Kenya. He is the current Managing Director (MD) and Group Chief Executive Officer (CEO) of Kenya Commercial Bank of Kenya (KCB). Since 2012, Oigara has mainly been instrumental in the growth and development of the banking sector. As a young leader, he also continues to inspire the young generation through his innovative ideas.

Image: facebook.com, @kcbgroup
Source: Facebook

Joshua is among the leaders who believe in transformational leadership and change. Perhaps, this may help to explain why he is the captain of a giant bank in East Africa. Time and again, he has proven worthy since he took over from Martin Oduor-Otieno. This, in turn, has made him a substantial asset in the banking sector.

Oigara is also a loving and caring husband and father – another side of his life that many may not know. What else would you love to know about him?

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Profile summary

  • Full name: Joshua Nyamweya Oigara
  • Date of birth: 9th November 1975
  • Age: 44 years old
  • Place of birth: Kisii, Kenya
  • Zodiac sign: Scorpio
  • Relationship status: Married
  • Kids: Three
  • Occupation: CEO, business executive
  • Nationality: Kenyan

Joshua Oigara biography

How old is Oigara of KCB? Joshua Nyamweya Oigara was born on 9th November 1975 in Kisii, Kenya. Joshua Oigara’s age is 44 at the time of writing. He was born into the family of William and Diana Oigara, meaning Joshua Oigara tribe is Kisii.

Does he have siblings? Yes – two of his siblings are medical doctors while another two are professors. Interestingly, Joshua is the last born. However, Joshua Oigara brother and sisters are not as popular as he is. They prefer to keep their lives out of the public eye.

Joshua Oigara’s parents were school teachers who doubled up as farmers. They practised large scale farming at Gesima Settlement Scheme in Borabu. They produced tea, coffee, and pyrethrum as well as keeping livestock.

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Oigara was brought up in a family of disciplinarian parents, especially his father. He grew up knowing that there was no other shortcut than education, all because of his father. Education was critical to his father, who believed that it was the only long-term inheritance he could leave for his children.

joshua oigara tribe
Image: twitter.com, @KoinangeJeff
Source: Twitter

Educational background

Joshua comes from a family of intellectuals, including his parents and elder siblings. He was enrolled in a boarding school right from grade four. However, there is little information about his primary and secondary education as compared to his higher studies.

After high school, he proceeded to the University of Nairobi (UoN) where he majored in Finance and Accounting. Later, he moved to Strathmore University, where he obtained his qualification.

In 2012, he travelled to South Africa to further his studies. In South Africa, he enrolled for Management Development Program at the University of Pretoria.

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Further, in 2006, he attended Duke University, The Fuqua School of Business. Two years later, he proceeded to Europe. He joined Edith Cowan University, where he graduated with a Master of Business Administration (MBA) in Business Administration and Management, General.

In 2015, Oigara enrolled for Senior Executive Program (SEP85) at the London Business School. After graduation, he took a break from studying for approximately a year. Lastly, in 2017, he attended IMD Business School, graduating with a certificate in Digital Business Transformation.

Is Joshua Oigara married?

joshua oigara tribe
Image: twitter.com, @ItsMutai
Source: Twitter

The 44-year-old is a married man and a father. Unlike some influential people, he keeps most of his family life under wraps. Thus, it is difficult to tell the name of Joshua Oigara’s wife. Even so, the couple is blessed with three lovely kids.

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Career progression

Where did it all begin? Was he born a CEO? What was his first job? Probably, these are among the many aspects of his life most people would love to know.

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Oigara was once a high school teacher, teaching form four students mathematics. The management of the school used to pay him Ksh.5, 000. In an interview with Sophia Wanuna of KTN, he revealed that teaching was his first-ever job. Below is a summary of his work experience.

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PwC, Bidco, Bamburi Cement Limited roles

  • 1997 to 2001: He worked at PwC, which is a professional and leading firm that provides auditing, advisory, and tax services.
  • 2002 to 2004: He worked at Bidco Africa. He was the Group Business Performance Manager during his two-year stay in the company.
  • 2004 and 2011: Oigara was an employee of Bamburi Cement Limited. He rose through different position in the seven years that he worked for the company.

In the first two years, he worked as the Controller and Business Performance Manager in the company. In another two years, Joshua worked as the Group Finance Controller. Lastly, from 2008 to 2011, he became the company’s Group Finance Director and Chief Financial Officer.

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KCB and Kenyan Bankers Association roles

highest paid CEO in Kenya
Image: facebook.com, @kcbgroup
Source: Facebook
  • In 2011, his journey to becoming the youngest CEO of a blue-chip company began. At first, he was hired as the Group Chief Financial Officer. He occupied the position for approximately a year.
  • In 2013, he landed the position of a CEO in KCB, making him the youngest CEO of such a big company during the time. He took over from Martin Oduor-Otieno. So far, his tenure in the company has been commendable. He hopes to continue creating innovative strategies that will see the company become a world-class global brand.
  • In 2018, he was appointed as the Chairman of Kenya Bankers Association Governing Council (KBA). Similarly, he intends to leave a permanent impression in the association by building a catalytic global-centric African brand.
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Salary

Oigara is one of the highest-paid CEOs in Kenya right now. In 2019, he earned a whopping Ksh.299. 1 million in salary. The amount is inclusive of bonuses and sitting allowances. This is after the salary was increased by 9.6%, which is equivalent to Sh26.2 million. However, Joshua Oigara monthly salary is yet to be established.

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In 2015, he publicly declared his net worth. He said that his value was Ksh.350 million, inclusive of loan obligations. Probably, his current net worth is more than it was back in 2015.

Undoubtedly, Joshua Oigara is a competent leader with an outstanding track record that speaks for itself. As a young leader, he continues to champion for transformational leadership and change. He is the kind of person every young man would love to be when they became of age.

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Magix creates the best beats hence his popularity in the country. He was, previously, a gospel music producer. Nowadays, he doubles up as a producer and part-time singer. The star is behind Magix Empire Studios. Also, he is a big fanatic of luxury cars.

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