Igathe appointment at Equity gets CBK nod

Equity Holdings Group Chief Commercial Officer
Equity Holdings Group Chief Commercial Officer Polycarp Igathe. FILE PHOTO | NMG 

Central Bank of Kenya(CBK) has approved appointment of former Nairobi Deputy Governor Polycarp Igathe as Equity Holdings Group Chief Commercial Officer.

CBK also said former Marketing Director of Heineken in Rwanda, Mr Julius Kayoboke is at liberty to take up his position as the regional lender’s Group Director in-charge of Customer Experience and Product Management.

Equity Group Chief Executive James Mwangi welcomed CBK’s decision saying the two executives were highly experienced professionals with vast knowledge on the East African market dynamics.

“Being insiders in the private sector, they will drive acquisition, growth and retention of clients in corporate sector and high net worth individuals because they understand distribution logistics and the Small and medium enterprise value chain’s needs and aspirations,” said Dr Mwangi.

Prior to joining politics, Mr Igathe worked as the Regional Chief Executive of Vivo Energy where he cut his mark on developing productive partnerships with external stakeholders and customers.


Mr Kayoboke, who worked for Heineken Rwanda since 2001 also enjoyed a stint at various workstations in several European and African countries. During his stint in the Netherlands, Mr Kayoboke oversaw eight markets in the middle and Southern Africa including Kenya, Tanzania, Uganda, South Sudan, and DRC Congo.

The two appointees pledged to deepen Equity Group’s reach across its markets by emphasising use of technology to drive inclusivity as well as use their global knowledge to improve the lender’s product offering.

The bank has subsidiaries in Uganda, Tanzania, Rwanda, South Sudan and the Democratic Republic of Congo.