Who is Polycarp Igathe in Equity Bank?

Polycarp Igathe

Meta Description: Polycarp Igathe is a Kenyan politician, businessman, and corporate executive known for tremendous performance at Equity Bank Kenya and Vivo Energy Africa. 

The Kenyan corporate executive, politician, and businessman.

Polycarp Igathe is a leading figure in the Kenyan banking industry. He had been the Bank’s Managing Director and Chief Executive Officer since December 2017, joined Equity Bank Kenya in 2007 as a Project Manager in the Finance department. He was promoted to a Senior Credit Officer in 2009, Credit Manager in 2010, and Deputy Branch Manager in 2011. Mr. Igathe was then promoted to Branch Manager of Equity Bank’s Bamburi branch in January 2012, after which he was appointed as Deputy CEO and Head of Retail Banking in December 2013. He played a critical role in the establishment of Equity Bank Tanzania Limited, where he served as CEO from June 2017 until being appointed as Managing Director/CEO of Equity Bank Kenya Limited in December 2017.

Mr. Igathe also brings with him over 25 years banking experience spanning retail banking, corporate banking and credit management. Before joining Equity Bank, he worked with the National Bank of Kenya (NAB), where he held various positions between 1987 and 2007 such as Manager – Corporate Loans, Credit Controller, Branch Banking Manager – Bomet, Tala and Mombasa branches respectively.

In addition to his role at Equity Bank, Mr. Igathe has also served on the boards of several companies, including Brookside Dairies Limited, Brookside Dairy Farms Limited, Brookside Foods Limited and Kwale County Beach Hotel Limited. He is a former board member of the Kenya Association of Manufacturers (KAM). He has also served as a board member for Kenya Airways from 2000-2002 and chaired the Finance Committee.

Polycarp Igathe Salary at Equity Bank

Polycarp Igathe left the corporate world in 2017 and joined kenyan politics. He became the Depute Governor of Nairobi County but he resigned after few years. He joined Vivo Energy and later moved back to Equity Bank Kenya. 

In a report by Capital FM News, the radio station said that Igathe was not only employed at Equity but also paid a whopping Kshs. 1.5 million monthly. 

While it is not clear how much he was being paid per year before he resigned from his position in April 2022 to rejoin politics again. However, some reports indicate that he had been earning more than Ksh 50 million annually without including allowances and other benefits entitled to the position he held.

Polycarp Igathe Resignation Letter

Polycarp Igathe and Mike Mbuvi Sonko contested for and won the gabernatorial seat in Nairobi County in 2017 general elections on the Jubillee party ticket with Igathe as the Deputy Governor. 

He served for only a few months before resigning abruptly. He resigned from his Deputy Governor position on January 12, 2018. In his resignation letter, Igathe politely regretted of his failure to win his boss’ trust. The letter was addressed to Mike Sonko, who was the Nairobi Governor at the time. 

Who is Polycarp Igathe?

Polycarp Igathe is a Kenyan business executive with experience in both the public and private sectors. He has held various positions in his career at Equity Bank, Vivo Energy, and other companies. 

In early 2017, he surprised the Kenyan public by announcing that he will be running for alongside Mike Mbuvi Sonko for the Nairobi Gubernatorial seat in the 2017 elections. They won and he served as Nairobi Deputy Governor for two years before resigning to join Vivo Energy.

Polycarp Igathe Jobs

Polycarp Igathe has held a number of positions at Equity Bank Kenya and other companies. He started his career at Equity Group Holdings, a leading financial services provider in East Africa, as an Executive Assistant. From there, he moved on to Co-operative Bank of Kenya, where he served as a Marketing Manager. 

After a brief stint as the Marketing Manager for Equinox Chemicals, Polycarp Igathe became the Marketing Manager for Equity Bank Kenya. In this role, he managed a team of twenty marketing professionals who were responsible for promoting all of the bank’s products and services. 

He was also responsible for managing relationships with Equity Bank’s suppliers and overseeing the bank’s advertising campaigns. Polycarp Igathe served in this position until 2012 before moving on to become Managing Director and Chief Executive Officer (CEO) at Equinox Chemicals and Plastics Corporation. In this position, he oversaw all operations at the company, including distribution, manufacturing, sales and corporate governance. The company was in its fifth year of operation when Mr. Igathe took over management and found success by focusing on growth through innovation.

Polycarp Igathe Resigns

Polycarp Igathe and Mike Mbuvi Sonko won the Nairobi gubernatorial race in 2017. However, he resigned on January 12, 2018, just a few months after election. He cited that his boss doesn’t trust him.  

After resigning as Deputy Governor, he was appointed by Equity Bank Group where he was the managing director. On September 1, 2019, he was appointed the Executive Vice President Sales and Marketing at Vivo Energy. He later resigned to join politics again in April 2022. 

Polycarp Igathe Background

Polycarp Igathe was born on September 21, 1972. The Kenyan corporate executive, politician, and businessman. He acquired his primary education in Kenya Athi River Primary school and St George’s Ruiru before securing admission at the University of Nairobi. 

He joined Vivo Energy Africa where he served in the Sales and Marketing department as the Vice President. He later joined Equity Group Holdings where he served as the CEO. 

He had earlier worked for the Equity Bank Kenya as the company’s Chief Commercial Officer in 2018 before rising to the position of Managing director. 

Polycarp Igathe Education

The Nairobi governor aspirant graduated from the University of Nairobi with a Bachelor of Arts in sociology and economics. While at the University of Nairobi, he was chairing AIESEC in Kenya. He also attended Strathmore University where he graduated with Advanced Management Program (AMP). 

Earlier, Igathe attended St George’s Primary School Ruiru, and Athi River Primary School before proceeding to Nakuru High School. 

Polycarp Igathe Latest News

The former Nairobi deputy governor has joined politics again and he is running for Nairobi gubernatorial race of the Kenya’s capital county on a Jubilee ticket. He joined the race after a statehouse meeting on late April when the Kenya’s ruling party met with ODM party and other affiliate parties settled on him as the flag bearer of the Azimio ticket. For starters, Azimio is a political outfit bringing together several parties in Kenya, including Jubilee, ODM, Narck Kenya, Wiper Party, and many other parties. 

Who owns Cien

Like any business entity, Cien Corporation is owned by its shareholders, who are the people and organizations that hold stock in the company. When a company issues stock to the public, all of those shares are considered publicly traded stocks, which means that anyone can purchase them or sell them on an exchange like the New York Stock Exchange. It’s not possible for a single person to own 100% of a public company; there are always shareholders who hold more stock than others. Instead of being broken up into shares with a dollar value attached to each one, publicly traded companies are organized into levels called “classes” of stock. This is done to reflect the different preferences of their investors. For instance, some investors might want dividends to be paid out immediately (known as “liquidating distributions”), while others might be more interested in steady growth over time instead of immediate income (known as “capital appreciation”). With multiple classes of stock available at different prices, it’s possible for everyone’s preferences to be met.

Cien Corporation only has one class of stock; there is no difference between the investment priorities of any shareholder. All owners have equal rights and privileges when it comes to voting on matters that come before the board of directors or shareholders, and they all have the same chance at earning

Polycarp Igathe Son of Chris Kirubi

Is Polycarp Igathe the son of Chris Kirubi? The answer is no. Chris Kirubi has one child, a daughter named Caroline Kirubi.

 It has been rumored for some time that Polycarp Igathe is the son of the late Kenyan Chris Kirubi, who was named by Forbes as the richest Kenyan and 51st-richest person in Africa with a net worth of more than $1.2 billion.

It is unclear how these rumors started, but they have continued to persist since people began to notice the great relationship between them and the similarities in their appearance. 

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