Nairobi, Kenya – June 29, 2026 — Absa Bank Kenya PLC has announced a leadership transition following the resignation of Managing Director and Chief Executive Officer Abdi Mohamed, who will leave the role effective June 30, 2026, to pursue other career opportunities.
Mr. Mohamed exits the bank after a 32-year career with Absa, during which he held various senior leadership positions, including serving as Managing Director of Absa Bank Tanzania before taking over as CEO of Absa Bank Kenya.
He has served as the bank’s Managing Director and CEO for the past three years, a period in which Absa says it strengthened its resilience, expanded business growth and delivered improved value for shareholders.
During his tenure, Absa Bank Kenya’s share price doubled over the three-year period, reflecting increased investor confidence and performance during his leadership.
Absa Bank Kenya Board Chairman Mohammed Nyaoga thanked Mr. Mohamed for his contribution and leadership.
“The board and management of Absa Bank Kenya appreciate Mr. Mohamed for his leadership, diligence, outstanding service and contribution to Absa and wish him the best in his future endeavours,” said Mr. Nyaoga.
To ensure continuity, the Board has appointed Absa Bank Kenya Chief Financial Officer Yusuf Omari as Interim Managing Director and Chief Executive Officer effective July 1, 2026, subject to regulatory approvals.
Mr. Omari brings more than two decades of experience in finance, strategy, risk management, environmental, social and governance (ESG), and corporate governance.
The bank said his deep understanding of the business and leadership experience will support continued execution of Absa’s strategic priorities during the transition period.
“The Board is fully committed to supporting Mr. Omari and is confident in his ability to provide strong, steady, and effective leadership during this period of transition,” Mr. Nyaoga said.
“We believe his extensive experience and deep understanding of the business will ensure that the Bank remains focused on executing its strategy, delivering value to stakeholders, and sustaining its growth trajectory.”
Reflecting on his departure, Mr. Mohamed described his time at Absa as one of the greatest privileges of his professional life.
“Serving Absa for the past three decades has been one of the greatest privileges of my professional life. I have had the opportunity to work alongside exceptional colleagues, supportive boards, and valued customers across different markets, including Kenya and Tanzania,” he said.
Mr. Mohamed said he was proud of the achievements made during his tenure, particularly over the last three years, and expressed confidence in the bank’s future.
“As I embark on a new chapter, I do so with immense gratitude and confidence in the Bank’s future. Absa Bank Kenya has a strong leadership team, a clear strategy, and tremendous potential, and I wish Yusuf and the entire team continued success,” he said.
Mr. Mohamed will proceed on gardening leave while serving his notice period and will remain available to support the Board and management in ensuring a smooth transition.
Absa Bank Kenya said it remains focused on delivering its strategy and creating value for customers, employees and stakeholders.
The bank is one of Kenya’s leading financial institutions and is listed on the Nairobi Securities Exchange. It provides personal and institutional banking, bancassurance and asset management services.
With a network of 91 branches and service centres, 208 ATMs, more than 8,000 agency outlets and digital banking platforms, Absa continues to expand access to financial services across Kenya.
The bank has been associated with several market innovations, including the launch of the first ATM, WhatsApp banking, Sharia-compliant banking and unsecured lending solutions.