The Board of Absa Bank Kenya PLC has announced the resignation of its Managing Director and Chief Executive Officer, Abdi Mohamed, with effect from June 30, 2026.
In a statement, the lender thanked Mohamed for his leadership and contribution during his tenure at the bank.
“We thank Abdi for his exceptional leadership, dedication and contribution to the Bank, and wish him every success in his future endeavours,” Absa Bank Kenya said.
To ensure a smooth leadership transition, the Board has appointed the bank’s Chief Financial Officer, Yusuf Omari, as Interim Managing Director and Chief Executive Officer with effect from July 1, 2026, subject to regulatory approvals.
The bank said the interim appointment is intended to ensure continuity as it continues implementing its strategic objectives.
“We remain committed to serving our customers, colleagues, shareholders and communities as we continue to execute our strategy and deliver on our purpose,” the statement added.
Mohamed took over as Chief Executive Officer of Absa Bank Kenya in May 2023 after serving as Managing Director of Absa Bank Tanzania. He succeeded Jeremy Awori, who left the lender to join Ecobank Transnational Incorporated as Group Chief Executive Officer.
During Mohamed’s three-year tenure, Absa Bank Kenya recorded strong growth, with the Board, chaired by Mohammed Nyaoga, crediting him for steering the bank through a period of improved financial performance. The bank noted that its share price doubled during his leadership.
Email your news TIPS to Editor@Kahawatungu.com — this is our only official communication channel
