Dr. Habil Olaka has retired from the long service of being the CEO of Kenya Bankers Association. He became the CEO in 2010 and will be exiting the office at the end of March 2024.
Raimond Molenje has been appointed as the New CEO of the Kenya Bankers Association after announcing the retirement of Olaka. Molenje has been the banking lobby’s Director, Legal, Human Resources and Policy Advocacy. He has 19 years experience and joined KBA in 2018.
“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.
Kenya Bankers Association (KBA) was registered as an Industry Association on 16th July 1962 by the Registrar of Trade Unions. In its formative years, the main aim of the Association was to cater for the interests of the member banks in negotiating terms and conditions of service of its unionisable employees and as far as possible standardize management practices so as to ensure harmony in the industry.
Over time, the ambition of the Association evolved to include promoting industry development and economic growth by engaging the government and sector regulator, Central Bank of Kenya (CBK).
The KBA ambition was reinforced in 2012 when the Association launched its new brand and ambition statement: One Industry. Transforming Kenya.