By Claire Wanja
KCB Group CEO Joshua Oigara has publicly declared his wealth as part of the ongoing efforts by government to push for transparency in the private sector to tame widespread corruption.
In his declaration Thursday, Mr Oigara said his net worth is currently Ksh220 Million, made up of total assets of Ksh350 Million and loan obligations of Ksh130 Million. His monthly salary and allowances total Ksh4.9 Million with assets in the form of land, buildings, motor vehicle, cash bank balances and shares.
“My public declaration is driven by the need for us as private sector players to initiate greater transparency. Kenya is bleeding from corruption mainly driven by secrecy in organizational operations. Corruption takes away equal opportunity and hurts growth by consuming funds which could otherwise have gone into social and economic projects like health and education” said Mr Oigara.
“We need to push for a drastic cultural shift to bring up a generation that believes in hard work. One that is devoid of taking shortcuts to get access to services. One that believes that they don’t have to pay bribes to get access to schools, job internships, promotions and work placements. One where SMEs and other businesses do not have to bribe to get tenders in corporations and government agencies” he added.
“As a person, I have always believed in working hard to get what I want. Corruption is robbing many Kenyans an opportunity to excel,” reiterated the Group CEO.
He said he has had to work hard for the past 18 years in different companies and capacities.
“I started off as a teacher in my rural village, earning Ksh5,000 a month. I have grown to be the CEO of East Africa’s leading bank with annual revenue of Ksh60 billion. Over time, that has allowed me to acquire what I have.”He added.