The Kenya Bankers Association has appointed Raimond Molenje as acting CEO after announcing the looming retirement of long-serving CEO Dr. Habil Olaka.
- •Until his appointment, Molenje has been the banking lobby’s Director, Legal, Human Resources and Policy Advocacy.
- •Molenje has 19 years experience and joined KBA in 2018.
- •Dr. Olaka, who became CEO in 2010, will be exiting the outfit at the end of March.
“During his tenure, 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,” KBA’s Governing Council Chairman, and NCBA Group MD, John Gachora said in a statement.
“It 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,” Dr. Olaka said.
