The Kenya Bankers Association (KBA) has appointed Raimond Molenje as acting Chief Executive Officer (CEO) starting April, as current holder of the position, Habil Olaka, is scheduled to retire end of this month. In a statement by KBA Chairman John Gachora, the association representing banks in the country said Dr Olaka’s tenure lapses on March 31 when he retires, ending his 14-year tenure as CEO since he was appointed in 2010. Mr Molenje has been with KBA since 2018 and has 19 years' experience in legal and regulatory practice, human capital and policy advocacy. KBA noted that during his 14 years as KBA CEO, Dr Olaka has been spearheaded various groundbreaking industry advocacy, development, and sustainability initiatives on behalf of the banking industry. During the Covid-19 pandemic, he was credited with conceptualizing PesaLink, which established real-time payment service solution for the banking industry.

Source: Daily Nation March 10, 2024 13:06 UTC