Stanbic Holdings Plc has appointed Joshua Oigara as its new Chief Executive Officer, effective March 1, 2026, succeeding Patrick Mweheire who retires at the end of February.
The company announced that Mweheire will step down effective February 28, 2026, after leading the institution since March 2020. He will, however, continue to serve in a senior executive capacity within the Standard Bank Group.
During his tenure, Stanbic Holdings registered steady growth and strengthened its market position in the region. The company said Mweheire played a central role in building Stanbic Kenya into a respected and well-positioned franchise within East Africa.
Oigara, who currently serves as Standard Bank Regional Chief Executive for East Africa, will assume the new role while retaining his regional responsibilities. In his current position, he oversees operations across six countries: Kenya, Uganda, Malawi, Tanzania, South Sudan, and Ethiopia.
The Board described the transition as part of its long-term strategic planning aimed at consolidating the Group’s regional footprint and sustaining growth momentum.
Commenting on the change, Nancy Kiruki, Company Secretary at Stanbic Holdings Plc, said the Board was grateful for Mweheire’s service.
“The Board extends its sincere appreciation to Mr. Mweheire for his exemplary leadership and contribution to the Company, and wishes him every success in his continued career within the Group,” she said.
Kiruki expressed confidence in the incoming CEO’s leadership credentials.
“The Board is confident that Dr. Oigara's proven track record in banking sector transformation, regional market development, and financial inclusion will position the Company for its next phase of growth. The Board looks forward to his leadership and contribution,” she added.
Oigara brings extensive experience in banking and regional market development. He holds a Master of Business Administration with Distinction in International Business Management from Edith Cowan University in Australia and a Bachelor of Commerce degree from the University of Nairobi.
He is a Certified Public Accountant of Kenya, CPA (K), and a member of both the Kenya Institute of Bankers and the Institute of Certified Public Accountants of Kenya. He is also a graduate of the Advanced Management Programme at the International Institute for Management Development in Lausanne, Switzerland.
The leadership transition comes at a time when Stanbic Holdings is positioning itself to deepen financial inclusion, expand market reach, and strengthen its competitive edge across East Africa.
With Oigara’s regional oversight experience and Mweheire’s continued presence within the wider Standard Bank Group, the institution is expected to maintain continuity while pursuing its next phase of strategic growth.
