{
  "id": 7506782,
  "title": "Stanbic Bank confirms Michael Mutiga as CEO",
  "url": "https://urgent.news/2026/09/15/stanbic-bank-confirms-michael-mutiga-as-ceo",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-15T08:01:45.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/stanbic-bank-confirms-michael-mutiga-as-ceo/"
  },
  "original_language": "en",
  "account": "Nairobi, Kenya - Stanbic Bank Kenya has officially appointed Michael Mutiga as its new Chief Executive Officer (CEO), following a nod from the Central Bank of Kenya. Mutiga replaces Abraham Ongenge, who had been acting in the role. The bank's board expressed delight at Mutiga's appointment, praising his extensive career in banking and finance throughout Kenya and Sub-Saharan Africa. Joe Muganda, the chairman of the board, highlighted Mutiga's unique blend of investment banking expertise and strategic leadership in the telecommunications sector, emphasizing that it perfectly aligns with the bank's future direction. The bank recently reported a Sh6.6 billion profit after tax for the first half of 2026, with total assets increasing by 27 percent to Sh602 billion. Mutiga, a seasoned banker and lawyer, brings over two decades of experience to the role, having previously served as Chief Business Development and Strategy Officer at Safaricom. He expressed enthusiasm about working with his colleagues to strengthen customer relationships, accelerate digital transformation, and collaborate with key sectors to promote Kenya's sustainable development.",
  "summary": "He takes over from Abraham Ongenge, who has been serving as CEO in an acting capacity.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}