Banks
Co-Op Bank CEO to Receive Honorary Doctorate Degree on Friday
Co-operative bank`s Chief Executive, Gideon Muriuki, will receive an honorary doctorate of Humane Letters from the Co-operative University of Kenya to acknowledge his contributions to the cooperative and banking sector.
Mr. Muriuki was named “CEO of the Year” in the 2021 African Banking Awards by the EMEA Finance magazine. With his 2011 Ph.D. in Businesses Leadership, this will be his second honorary doctorate degree award.
The Co-operative University, which provides education and training with an emphasis on co-operative development, said the degree is in recognition of his contribution to the country`s co-operatives sector and its principal banker Co-op Bank.
Co-operative university gives recognition to Mr.Muriuki`s outstanding contribution to the development of rural finance in Africa and great leadership during the Covid -19 pandemic. Co-op Bank pursued growth in the middle of the pandemic, acquiring Jamii Bora (now as Kingdom Bank) in August 2020, whose success got a major boost from CBK.
The buyout of Jamii Bora raised Co-op Bank`s workforce from 4,422 in 2019 to 4,628 in 2020 at a time when most of its rivals laid off hundreds of its employees to cut costs.
Mr.Muriuki will receive the degree on 25th February at a graduation ceremony set to be held at the institution`s main campus in Karen, Nairobi.
