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Originally published by Capital Business
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business
July 17, 2026
6h ago

Stanbic Bank apppoints Safaricom executive Michael Mutiga as Kenya CEO

Stanbic Bank apppoints Safaricom executive Michael Mutiga as Kenya CEO

Mutiga, who currently serves as Safaricom's Chief Business Development and Strategy Officer, succeeds Joshua Oigara, who was promoted in February to lead Stanbic Holdings, the bank's parent company. Abraham Ongenge has been serving as acting CEO since Oigara's promotion...

✨ Key Highlights

Stanbic Bank Kenya has appointed Safaricom executive Michael Mutiga as its new Chief Executive Officer, effective August 1, 2026.

  • Michael Mutiga, formerly Chief Business Development and Strategy Officer at Safaricom, brings over 20 years of experience in banking, telecommunications, and digital financial services.
  • He succeeds Joshua Oigara, who was promoted to lead Stanbic Holdings.
  • The appointment follows Stanbic Bank Kenya's first-quarter net profit increase of 5% to Sh3.5 billion.

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