Governance

Since 1896, KCB Bank group has grown to become the region's largest banking institution with an asset base of KES 607 billion (+USD 5.9B), a market capitalization of KES 142 billion (+USD 1.3B) and broad regional distribution in 6 Eastern Africa countries (over 269 branches, 11489 agents and 962 ATMs).

Our commitment to sound corporate governance goes back to our very early days. This commitment is reflected and explained in the KCB Annual Report and also informs our day-to-day business behavior.

Our corporate governance report covers the following areas:

  1. Corporate Governance Statement
  2. Directors Shareholding
  3. Community Social Development Report

    Board of Directors

  • Joseph Muigai Joseph Muigai Chairman ×

    Chairman

    Joseph is a certified public accountant with vast experience spanning over 30 years in audit, tax and financial advisory services. Joseph is the founding partner of Muigai & Associates; a leading accountancy firm in Kenya that has served local and international organisations cutting across multiple industries and sectors. Previously held roles include Treasurer at Karen Country Club, Technical Partner at Kangethe & Associates, and Senior Audit Manager at Deloitte. Joseph holds a Bachelor's Degree in Business Administration from the United States International University (USIU) and is a Member of the Institute of Certified Public Accountants of Kenya (ICPAK).

    Joseph serves as the Chairman of KCB Bank Burundi and the Audit Committee Chair of KCB Bank Kenya.

  • Adrien Sibomana Adrien Sibomana Director ×

    Director

    He joined the Board in November 2012.He is a Graduate in Mathematics-Physics from the University of Burundi, Masters in Business Administration (MBA) from Light University and a Diploma certificate holder in Management of SMEs from Galilee.

    International Management Institute (IMCI). Adrien was the Prime Minister and Vice President of the National Assembly of Burundi between the years 1982 and 1993, where he worked towards restoration of National Unity. Prior to his appointment as Prime Minister, he was the Governor of Muramvya Province. He was Member of Parliament from 1993 to 2005. He currently serves as the Economic operator and President of Burundi Coffee Inter- professional (INTERCAFE-Burundi), Chairman of the IDEC (Economic Development Institute of Burundi) and President of BOAM (Burundi Organic Agricultural Movement). He Chairs the Human Resources Committee and sits in the Credit, Audit and Risk Committees at KCB Bank Burundi.

  • Margaret Kositany Margaret Kositany Director ×

    Director

    Margaret holds a Master of Business Administration from the Curtin University, Australia, and a Bachelor of Arts (Hons), Economics & Business Administration from Kenyatta University of kenya.

    She has worked in several capacities in Kenya, and international business such as Unilever Kenya Ltd and Unilever South Africa, Marketing Director at Celter Tanzania, Sustainability Director at Ericsson, Non-Executive Director of Brand Kenya Board, and Strategy & Marketing Consultant at New Heights Consultants Ltd.

    Margaret joined the Board of KCB Bank Burundi in August 2018 as a Non-Executive Director. She chairs the Audit Committee and sits in the Risk and Credit Committees.

  • Lawrence Njiru Lawrence Njiru Director ×

    Director

    Lawrence holds a Bachelor of Commerce (Accounting) degree from Kenyatta University and is a member of the Institute of Certified Public Accountants of Kenya (CPA-K). He has over 20 year’s senior management experience in business strategy, finance, commercial, audit and accounting. He worked at Standard Media Group Kenya Limited as Assistant Group Commercial Director and also served as Group Financial Controller in the same Group. Prior to this, he worked as a senior auditor at KPMG East Africa.

    OTHER DIRECTORSHIPS: Lawrence is a non-executive director of Kenya Seed Company Limited where he chairs the Audit committee. He also serves as the Chairman of Simlaw Seeds Company Limited.

  • Japheth Achola Japheth Achola Director ×

    Director

    Japheth was appointed the Group Human Resource Director, KCB Group PLC on July 8, 2019. He has over 19 years’ of work experience spanning executive and key roles including Africa Regional HR Director (Allianz Africa), Group HR Business Manager – Operations and Technology and Head of HR eProcess International (Ecobank Transnational Incorporated, Accra-Ghana), Head of HR Operations & Employee Shared Services (Safaricom Ltd), West & Central Africa Human Resource Head (Citibank N.A Ltd, Dakar, Senegal), Senior Division Human Resource Generalist- Sub Sahara Africa Division (Citibank N.A Ltd, Johannesburg, South Africa), Acting Country Human Resource Officer (CHRO) - Citibank Tanzania (Citibank N.A Ltd, Dar-es-Salaam, Tanzania) and Compensation and Benefits Manager – Kenya, Tanzania and Uganda (Citibank N.A Ltd, Nairobi, Kenya).                                                                    

    Japheth holds a Master’s degree of Science (Human Resource Management & Training) from University of Leicester – London, UK; Post Graduate Certificate (Human Resource Management) from university of Wales – London, UK and Bachelor of Education (B.Ed. Science) from Kenyatta university – Nairobi, Kenya.

  • Yvette Munkurize Yvette Munkurize Director ×

    Director

    Yvette Munkurize holds a Bachelor’s degree in Politic economic from University of Burundi and is a member of the Order of Professional Accountants of Burundi (OPC). She has over 29 years’ experience in audit and accounting. She has worked in capacity of Independent consultant in Accounting and financial audit as an expert in the internal control and account review aspects in several companies and banks in Burundi such as Ecobank, BNDE, BBCI, FPHU, SODECO and OTB.

    Yvette serves as the Chairman of the Board of “I-WIN” limited. Yvette joined the Board of KCB Bank Burundi in August 2020 as a Non-Executive Director.

  • Masika Mukule                   Masika Mukule Managing Director   ×

    Managing Director  

    Masika Mukule was appointed the Managing Director KCB Bank Burundi in June 2020.

    He has worked in the banking industry for over 27 years, during which he has held several senior management roles. These include: Head of Retail- KCB Bank Tanzania; Acting Managing Director- KCB Bank Tanzania; Senior Corporate Relationship Manager – KCB Bank Kenya; Initiative Leader- Retail Sales Stimulation Program, KCB Bank Kenya; Branch Manager at KCB Bank Kenya’s University Way and Sarit Centres Branches, and Branch Manager at Co-operative Bank of Kenya’s University Way and Ukulima Branches. He holds a Master of Business Administration degree from the University of Nairobi and a Bachelor of Commerce degree from Kurukshetra University, India. He also holds a Diploma in Financial Management from the Management studies Institute, New Delhi, India and attended advanced Bank Managers course in Odense Business College, Denmark.

     

  • Herbert Fyiroko Herbert Fyiroko Company Secretary ×

    Company Secretary

    Herbert Fyiroko joined KCB Bank in 2013 as Legal Manager. Herbert has since August 2019 been appointed as Company Secretary & Head of Legal Services. He holds a Bachelor of Laws Degree from the University of Ngozi. He has over 14 years of experience in legal practice acquired at the High Court of Bujumbura as a career Magistrate, and Finbank S.A. (An Access Bank Company) as Legal Counsel.

    He also serves as Vice President on the Association of Bank’s Lawyers of Burundi (AJBEF Burundi) since 2017 and is a Member of Rotary Club RCBK 2012 in Bujumbura.

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