• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

Francis Atwoli out of National Bank board after 16 years as KCB names new board

Kenyan Business Feed by Kenyan Business Feed
Francis Atwoli out of National Bank board after 16 years as KCB names new board
Share on FacebookShare on Twitter

In a reshuffle, KCB Group has sent home almost the entire former board of National Bank of Kenya (NBK) few weeks after acquiring the troubled lender.

Consequently, KCB tapped NSSF board of trustees chairman and ex-KDF boss Julius Karangi and Treasury’s acting director general in charge of public investments and portfolio management directorate Stanley Kamau to its board of directors. KCB Group chief executive Joshua Oigara and NBK managing director Paul Russo have also joined the board.

The board shakeup means Central Organisation of Trade Unions (Cotu) secretary-general Francis Atwoli becomes the latest highest-ranking victim of the takeover after serving on the NBK board for 16 years. Atwoli joined the banks’ board in 2003 representing workers’ interests in the bank.

Also axed from the board is former NBK Board chairman Mohamed Abdirahman Hassan while those retained at the new board include Linnet Mirehane and Jones Makau Nzomo. Former NBK MD Wilfred Musau was replaced last month by Mr Russo.

KCB Group is shaking up its board of directors in the latest effort to regain the loss-making NBK shareholders’ trust and revamp its business following successive years of troubles.

The acquisition was promoted as a rescue deal aimed at pulling NBK out of its perennial low liquidity troubles.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Tags: Francis AtwoliJoshua OigaraKCB Bank GroupNBK
Kenyan Business Feed

Kenyan Business Feed

Recommended.

DCI says to grill Wetang’ula over Saudi gold scam

May 16, 2019

Co-operative Bank Launches eCommerce Banking System

November 20, 2020

Subscribe.

Trending.

Safaricom warns customers against fake M-Pesa investment schemes circulating online, urging Kenyans to verify all offers through official channels.

Safaricom Warns Customers Against Fake M-Pesa Investment Schemes Circulating on Social Media

September 21, 2025
Tourism CS Rebecca Miano joins Samburu leaders at the Maralal Camel Derby, which draws 30,000 visitors and boosts cultural tourism in northern Kenya.

Maralal Camel Derby Draws 30,000 Visitors as Festival Anchors Samburu on Global Tourism Map

September 28, 2025
Co-operative Bank of Kenya recognized at Global SME Finance Forum 2025 for innovative business banking solutions supporting SMEs across Africa.

Co-op Bank Honored at Global SME Finance Forum 2025 for Advancing SME Finance and Innovation

September 22, 2025
Safaricom Chapa Dimba All-Stars closed their Spain tour with a 4-2 win over SD Huesca, showcasing Kenyan youth football talent on an international stage.

Safaricom Chapa Dimba All-Stars Seal Spain Tour With 4-2 Victory Over SD Huesca

September 21, 2025
Nairobi hosts the first PUBG Mobile Africa Cup Finals, with Safaricom Hook providing 5G power, fan zones, and interactive gaming experiences.

East Africa Crowns First PUBG Mobile Africa Cup Champion as Safaricom Hook Powers Historic Finals

September 21, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1804 shares
    Share 750 Tweet 439

Recent News

Tourism CS Rebecca Miano joins Samburu leaders at the Maralal Camel Derby, which draws 30,000 visitors and boosts cultural tourism in northern Kenya.

Maralal Camel Derby Draws 30,000 Visitors as Festival Anchors Samburu on Global Tourism Map

September 28, 2025
Kenyans to enjoy free entry to all national parks on World Tourism Day as government promotes conservation and domestic tourism.

Free Entry to National Parks Announced for World Tourism Day as Sector Pushes Sustainability Agenda

September 28, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF