Standard Bank Group has announced significant changes to its African Regions leadership, reaffirming its dedication to robust governance and regional growth.
The new appointment will take effect from September 1, 2025.
The Group appointed Dr. Joshua Oigara as the Regional Chief Executive (East Africa) while retaining his current position as the CEO of Stanbic Bank Kenya. Pending regulatory approval, his enlarged scope of work demonstrates the Group’s faith in his ability to advance its franchise throughout the region.
Dr. Joshua Oigara’s portfolio
In his new role as regional mandate, Dr. Oigara brings a wealth of experience. He served as Group CEO and Managing Director of KCB Bank Group for almost ten years, substantially contributing to the bank’s growth and technological development.
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He has advanced leadership credentials from INSEAD, Duke University’s Fuqua School of Business, and IMD.
He also has a Bachelor of Commerce (Accounting) from the University of Nairobi and an MBA with distinction in International Business Management from Edith Cowan University.
Accreditation as a Certified Public Accountant (CPA-K) and active participation in trade associations like the Kenya Institute of Bankers are among his qualifications.
Outgoing CEO Patrick Mweheire’s contribution to Standard Bank East Africa
Additionally, the Group appreciates Patrick Mweheire, who will step down as Regional Chief Executive on August 31, 2025, after five years in that position.
In addition to cultivating strong partnerships throughout Kenya, Uganda, Tanzania, Ethiopia, and South Sudan, Mr. Mweheire has played a key role in the organic growth of Stanbic’s East African franchise into one of the most lucrative in the region.
With this change in leadership, Standard Bank Group’s East African operations are at a turning point. As Dr. Oigara takes on his dual roles, the region is ready for a resurgence in digital transformation, financial inclusion, and sustainable growth.
He will surely be closely watched by stakeholders and the larger financial community as he uses his extensive local knowledge and track record of success to guide the company.
Standard Group’s H1 2025 financial performance
For the half-year ending June 30, 2025, Standard Bank Group reported headline earnings of R24 billion and a return on equity of 19.1 per cent.
This impressive performance was supported by a steadily growing balance sheet, strong fees and trading revenue growth, and carefully managed expenses.
As anticipated, credit charge growth was modest. Both insurance and asset management reported earnings and returns that continued to rise.
Standard Bank remained committed to helping bring about constructive change in the nations where it conducts business. Earlier this year, Standard Bank revised its goal for mobilising sustainable finance from R250 billion by 2026 to R450 billion by 2028.
The group has raised over R230 billion in sustainable finance for clients since 2022; R53 billion was raised in the first half of 2025.