Stanbic Names Oigara CEO as Mweheire Steps Down

Stanbic names Oigara CEO in a significant leadership transition that signals the next phase of growth for the financial institution. Stanbic Holdings Plc confirmed that Joshua Oigara will take over as Chief Executive Officer on March 1, 2026.

He succeeds Patrick Mweheire, who will retire at the end of February after nearly six years in the role. However, Mweheire will remain within the wider Standard Bank Group in a senior executive position, ensuring continuity.

Leadership Transition Strategy

The Board described the change as part of Stanbic’s long-term succession plan. Moreover, it aligns with the bank’s broader growth strategy across East Africa.

During his tenure, Mweheire strengthened the institution’s performance and expanded its regional influence. As a result, Stanbic reinforced its position as a leading financial services provider in the region.

Company Secretary Nancy Kiruki praised his leadership and commitment. She also expressed confidence in Oigara’s ability to guide the bank into its next chapter.

Oigara’s Regional Experience

Before this appointment, Oigara served as Regional Chief Executive for East Africa. In that role, he oversaw operations in Kenya, Uganda, Tanzania, South Sudan, Ethiopia, and Malawi.

Now, he will assume the CEO position while continuing his regional oversight responsibilities. Therefore, the bank expects a smooth leadership transition.

Oigara brings extensive experience in banking transformation, financial inclusion, and market expansion. In addition, he has led strategic initiatives that strengthened operational efficiency across multiple markets.

Academic and Professional Background

Oigara holds a Master of Business Administration in International Business Management from Edith Cowan University. He also earned a Bachelor of Commerce degree from the University of Nairobi.

Furthermore, he is a Certified Public Accountant (CPA-K). He completed the Advanced Management Programme at the International Institute for Management Development in Lausanne, Switzerland.

This blend of academic credentials and regional leadership experience positions him well for the role.

Outlook for Stanbic

With this leadership shift, Stanbic aims to deepen financial inclusion and widen its market reach. At the same time, the bank plans to sharpen competitiveness across the East African banking landscape.

Meanwhile, Mweheire’s continued role within the Standard Bank Group adds stability. His presence, combined with Oigara’s regional oversight, will help maintain momentum.

Ultimately, this transition reflects Stanbic’s commitment to structured succession planning and sustainable growth.