John Gachora, Group Managing Director of NCBA, has been re-elected as Chairman of the Kenya Bankers Association (KBA) Governing Council. His re-election was confirmed during the association’s 62nd Annual General Meeting, where member banks also appointed Betty Korir, CEO of Credit Bank, as Vice Chair of the apex governing body for the banking industry in Kenya.
Betty Korir’s appointment marks a significant stride towards gender inclusivity within KBA’s leadership, as she becomes the third female Vice Chair, following in the footsteps of Nasim Devji and Rebecca Mbithi. This move underscores the industry’s commitment to promoting diversity and ensuring equal representation at the highest levels of decision-making.
In his remarks, John Gachora expressed gratitude for the trust placed in him by member banks and highlighted the ongoing collaborative efforts within KBA. He emphasized the association’s upcoming projects that aim to further strengthen the banking sector, promising updates in the near future.
Betty Korir, stepping into her new role after serving as a member of the KBA Governing Council, thanked the members for their confidence in her leadership. She emphasized the importance of collective wisdom and collaboration in navigating the industry’s challenges and opportunities, inviting support from all stakeholders.
Raimond Molenje, acting CEO of KBA, underscored the banking industry’s significant contribution to Kenya’s economy, citing a substantial contribution of KES 181 billion in 2023. He highlighted the role of financial institutions in job creation and overall socio-economic growth, urging member banks to continue enhancing their impact on the national economy.
As the umbrella organization representing 46 commercial banks regulated by the Central Bank of Kenya, KBA plays a pivotal role in shaping the policy environment and promoting financial inclusion across sectors. The association’s mandate includes strengthening the capacities of financial institutions and advocating for policies that foster economic growth and stability.
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