Kenya Bankers Association Appoints Raimond Molenje As Acting Chief Executive Officer

In a strategic move towards leadership transition, the Kenya Bankers Association (KBA) has announced the appointment of Raimond Molenje as the acting Chief Executive Officer (CEO), effective April 1st. This transition follows the imminent retirement of the current CEO, Habil Olaka, at the end of this month, marking the conclusion of his commendable 14-year tenure since his appointment in 2010.

John Gachora, Chairman of KBA, expressed confidence in Molenje’s capabilities, stating, “To steer the Association in the transition period, the Governing Council has appointed Director, Legal, Human Resources and Policy Advocacy, Mr Raimond Molenje, in an acting capacity effective 1st April 2024 before the appointment of a substantive Chief Executive Officer.”

Molenje brings a wealth of experience to his new role, having been associated with KBA since 2018, and boasting 19 years of expertise in legal and regulatory practice, human capital, and policy advocacy. His tenure also includes significant senior management roles within leading business member organizations over the past decade.

Acknowledging Dr. Olaka’s remarkable contributions during his tenure, KBA highlighted his pivotal role in spearheading groundbreaking industry advocacy, development, and sustainability initiatives.


Under his leadership, the Association solidified its position as a reputable industry leader, fostering collaborations with key stakeholders including the Government, the Central Bank of Kenya (CBK), and partners across the public and private sectors.

Among Dr. Olaka’s notable achievements was the introduction of the Sustainable Finance Initiative (SFI) in 2015, aimed at supporting member banks in creating long-term value for the economy, society, and the environment. This initiative culminated in the issuance of the first Green Bond in Kenya and the East African region in 2019, underscoring KBA’s commitment to sustainable development.

Furthermore, Dr. Olaka’s proactive approach during the Covid-19 pandemic led to the conceptualization of PesaLink, a real-time payment services solution that addressed critical financial needs during challenging times.

Additionally, his tenure saw the establishment of a robust Automated Clearing House and cheque processing system, significantly reducing cheque clearing time from four days to one day.

As KBA transitions to a new era under Molenje’s leadership, the Association remains steadfast in its commitment to advancing the banking industry and driving sustainable socio-economic growth in Kenya.

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