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Stanbic Holdings has announced the appointment of Mr. Joseph Muganda as an Independent Non-Executive Director on the Board effective 12th October, 2021.

Joe Muganda holds an MBA from Leicester University and a Bachelor of Science in Economics, Accounting and Financial Management from the University of Buckingham (UK).

He has previously worked as the Managing Director of Kenya Breweries Limited (KBL) and has held other senior positions at British America Tobacco (BAT), Unilever and Barclays Bank (rebranded to Absa), Nation Media Group (NMG) and Vivo Energy.

In 2017, Muganda resigned from Nation Media Group where he was the Group Managing Director serving Kenya, Uganda, Tanzania and Rwanda. He successfully presided over a business re-engineering strategy to position the company firmly on a digital growth path to rebrand the company in a ceremony that took off in July 2020. NMG rebranded its newspapers and website ushering in a digital-first strategy in the company.

Before joining media, Muganda worked in senior management positions in multinational companies including Kenya Breweries, where he was the Managing Director and British American Tobacco (BAT) where he held a number of different roles including General Manager for the Southern Africa Markets.

He also served as Head of Corporate Affairs, Regional Manager for Africa and the Middle East and senior marketing and brand roles as well as a Director on various company boards.

“Mr. Muganda’s addition to our Board will enrich its diversity and his skills will align with our digital transformation strategy,” read an excerpt from the statement released by Stanbic.