Polycarp Igathe lands top Equity Bank job - Business Today News
Connect with us

Banking

Polycarp Igathe lands top Equity Bank job

In what could be a teaser, a business card has been doing the rounds on social media indicating his designation as Chief Commercial Officer

Published

on


Former Nairobi Deputy Governor Polycarp Igathe could join Equity Bank as the Chief Commercial Officer. In what could be a teaser before his unveiling, an Equity Bank business card has been doing the rounds on social media indicating his designation. A True Caller search has confirmed the number belongs to him.

The former Vivo Energy CEO was present at the Equity Group’s 14th annual general meeting held in Nairobi on May 3rd and sat at the directors’ table.

However, according to The Standard, CEO James Mwangi at the time downplayed this when he was asked to explain his presence, claiming he joined the high table as “a good friend” as well as a “big” shareholder in the bank.

“I am not aware of it. People don’t join unless with approval from Central Bank of Kenya (CBK). A process of somebody joining the bank is rigorous,” Mr Mwangi told the newspaper on the day of AGM. “There is a process called fit-and-proper review. You do that to get approval and that’s when you can join.”

Polycarp-Igathe-1-300x197 Polycarp Igathe lands top Equity Bank job

The business card doing the rounds on social media.

However, the paper reports, even with this denial that was punctuated with smiles, Mwangi went ahead to pour praises upon Igathe.

“He is a seasoned executive. He has been a Chief Executive for 18 years. He is young, dynamic and very well known. That will be a very good opportunity,” it quotes Mwangi as saying.

READ: ANNE NGUGI MAKES BIG COMEBACK

The latest development ends speculation that he could be the next CEO of Nation Media Group. He could be unveiled during the investors’ briefing to announce first quarter performance.

Igathe, the former Vivo Energy CEO, resigned in a huff as Governor Mike Sonko’s deputy in January, saying he had failed to win the trust of his boss. He was among contenders for the NMG top job but sources say the Nation board felt Mr Igathe was “too young” to run the media behemoth.


Business Today is the leading independent online business website in Kenya. Started in 2012 by a veteran business journalist, it has a huge following both in Kenya and abroad. It covers various business and related issues. Email editor at: [email protected]

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News Updates

NEWS22 hours ago

British pensioner guilty of Kenya ‘holiday ‘ rape charges

The Crown Prosecution Service (CPS) said Keith Morris, 72, befriended the young victims' families over the past 20 years, giving...

Health2 days ago

US surrogacy agency withdraws from ‘perilous’ Kenya

Sensible Surrogacy now recommends new lower-cost programmes in the United States, which it says are completely safe and have the...

NEWS2 days ago

Kenya to reform laws to enhance biodiversity conservation

Tobiko says the ministry of Environment has formulated and reviewed laws and regulations to implement the provisions of the constitution...

Education3 days ago

Endowment Fund for Alliance High School launched

Fund targets to raise at least KSh 5 billion under the endowment funds, between now and 2026, the year the...

NEWS3 days ago

Uganda PM, Wangamati forge closer ties

Drawing from their proximity and shared culture including common language, Governor Wycliffe Wangamati said the two regions are in fact...

NEWS6 days ago

Youth PS Lillian Omollo, NYS chief Ndubai quit

State House Spokesman Manoah Esipisu says President Uhuru Kenyatta accepted the offer by the two officers to step aside for...

NEWS6 days ago

Police issue alert over emerging cult

Directorate of Criminal Investigations says the cult, known as Young Blud Saints, believes that there are three gods namely: true...

NEWS7 days ago

Cyprian Nyakundi released on DPP’s orders

Noordin Haji had also directed that no further criminal charges relating to the application should be registered against the blogger...

Politics7 days ago

I’m not boarding, Miguna tells Sonko

Nairobi County Assembly Speaker Beatrice Elachi had confirmed receiving Sonko's letter but asked him to regularise his Kenyan citizenship, a...

NEWS7 days ago

Patel finally speaks, pledges support for victims

Family says it continues to address immediate humanitarian concerns, providing food and nutrition, clean drinking water, healthcare and basic household...

Advertisement

Trending