ABSA
Data as of Oct 16, 2026
In The News
Absa Bank Kenya has expanded its presence in the Coast region with the launch of a Sales & Service Pod at Nyali Bazaar Mall, its second such facility in the country, as the Bank continues to bring banking services closer to customers. Located in one of Mombasa’s busiest retail hubs, the pod offers customers convenient […]
Absa Bank Kenya has launched a Sales and Service Pod at Nyali Bazaar Mall, offering account opening, card issuance, digital banking activation and financial advisory services.
Absa Bank Kenya’s latest partnership with marathon icon Eliud Kipchoge, will empower customers, entrepreneurs and communities to realise their full potential. Lender says the collaboration is unique as it celebrates what is possible when African talent, determination and opportunity come together to achieve world-class success. “He embodies possibility beyond limits. He is proof of what […]
NCBA Group has lost Eric Muriuki, where he ran the LOOP digital banking business, to join Absa Group as Managing Executive for Pan-African Growth Strategy, Platforms and Digital Ventures. LOOP Digital Financial Services was NCBA’s neobank, a bank that operates mostly through an app. Muriuki ran this NCBA app and introduced it into other markets […]
Eric Muriuki is moving from NCBA to Absa Group as the bank expands its Pan-African digital strategy, platforms and ventures. His move comes as major African banks rethink how they compete for everyday financial transactions.
Absa Next combines payments, savings, credit, investments and personal and business financial management in one digital ecosystem.
Absa Next brings banking, payments, credit, savings, investments and business finance into one digital platform. Its bigger ambition is to deepen Absa’s relationship with customers.
I&M Bank has confirmed Abdi Mohamed as its new Chief Executive Officer, clearing the final regulatory hurdle for the veteran banker to take charge of the lender’s Kenyan operations. The bank announced on Monday, October 5, 2026, that Mohamed had received approval from the Central Bank of Kenya (CBK), several months after I&M Group first […]
Former Absa Bank Kenya chief executive Abdi Mohamed has officially taken over as the head of I&M Bank Kenya.
Absa executive Sitoyo Lopokoiyit describes Tanzania as the world’s most innovative mobile money market. His comments point to a wider opportunity around African payments and cross-border finance.
Absa has launched Absa Next, a digital platform that bundles banking, savings, investments, loans and lifestyle services into a single app
Absa Bank Kenya PLC has launched Absa Next, a fully integrated digital finance solution designed to meet the evolving needs and lifecycles of the next generation of consumers.
Absa Bank Kenya, United Nations Capital Development Fund(UNCDF) and United Nations Development Program(UNDP) have announced a strategic portfolio guarantee arrangement to unlock financing for solar-powered cold storage solutions and help close Kenya’s estimated US$ 2.1 billion cold storage deficit. The partnership to scale solar-powered cold storage facilities, targets lowering post-harvest losses that see upto half […]
Absa Bank Kenya, the United Nations Capital Development Fund (UNCDF), and the United Nations Development Programme (UNDP) have announced a strategic portfolio guarantee
The most marked decline has been on Stanchart, whose market share fell from 6.37 percent in 2019 to 4.5 percent in 2025, resulting in its drop into the second tier of banks. ...
Absa Bank Kenya and Vivo Energy Kenya sign financing partnership to give Shell service station dealers access to tailored financing solutions
His rise has been less about chasing titles than embracing opportunities, taking on unfamiliar challenges and broadening his experience across the bank
Absa Bank Kenya has appointed Yusuf Omari as its Managing Director and Chief Executive Officer with immediate effect.
Board says it is confident in Mr Omari’s ability to lead the bank, which has been growing its presence in the retail market, among other strategic objectives.
Absa Bank Kenya has appointed Yusuf Omari as Managing Director and Chief Executive Officer of Absa Bank Kenya two months afterAbdi Omari resigned to join I&M Group. His tenure starts immediatelyfollowing receipt of all required regulatory and internal approvals. Two months after Mohamed wxits Mr Omari has served as Interim Managing Director and Chief Executive […]
Absa Bank Kenya has chosen continuity with accountability, appointing Yusuf Omari as Managing Director and Chief Executive Officer with immediate effect after receiving the required regulatory and internal approvals.
DHL and Absa are expanding the GoTrade programme to help African SMEs access export training, finance, logistics and international markets.
Standard Bank already has a sizeable corporate banking franchise in Kenya, but its ambition now stretches much further as it builds toward a universal banking presence across East Africa.
DHL and Absa Group have officially signed a Memorandum of Understanding (MOU) to expand DHL's GoTrade programme across Sub-Saharan Africa (SSA), formalising a strategic partnership that paves the way for the rollout of the DHL GoTrade programme across key markets in SSA.
Bancassurance is a strategic partnership between banks and insurance firms that enables insurers to market and sell their products through banks’ customer networks. ...
Visa, Kenya Airways and Absa have launched the Asante Global Card, the first co-branded travel-lifestyle credit card in the Kenyan market.
The Absa Africa Financial Markets Index Report will be launched October 14th 2026, on the sidelines of the International Monetary Fund(IMF)-World Bank meetings in Bangkok, Thailand. The Absa report launch will bring together policy-makers and financial market participants from across Africa to assess this year’s developments and discuss practical ideas for further improvements. It is […]
Absa has committed to reaching net zero on its own operations, things like electricity use, fuel for its vehicle fleet, and generator diesel, by 2040.
Absa is embedding banking inside investment and payment apps instead of asking customers to change their habits. The approach reflects a broader race to win younger users across Africa.
Absa's 150% interim dividend grabbed attention, but the deeper story sits in falling margins, cheaper deposits, stronger lending volumes and what management expects by Q4.
Absa Bank Kenya has partnered with Simba Corporation to make it easier for individuals and businesses to buy vehicles, agricultural machinery and other productive equipment. The two companies have signed a Memorandum of Understanding (MoU) that will see customers access asset financing packages aimed at helping businesses expand, improve transport operations and invest in machinery […]
The lender reported a net profit of Sh10.5 billion in the half year to June, down from Sh11.6 billion posted in a similar period last year.
Absa Group secured just 21% of shares sought in its Absa Kenya tender, spending KSh6.53Bn and raising its stake from 68.5% to 71.99%.
Absa Group Limited has fallen well short of the target it set for a tender offer to minority shareholders of Absa Bank Kenya PLC, picking up only about 21 per cent of the shares it had offered to buy, lifting its stake in the Kenyan unit up to roughly 72 per cent.
The transaction was expected to lift its stake by up to 16.5 percent, but it only managed to increase the ownership by 3.49 percent.
Absa Bank Kenya’s net profit fell by 9.8 percent to Sh10.5 billion in the six months ended June 2026 due to lower interest income and foreign exchange trading income.
Absa Bank Kenya reported a profit after tax of Ksh10.5 billion for the period ended 30th June, 2026, achieving a return on equity of 21.7%.
Absa has paid an interim dividend of Sh0.20 per share over the last four years but increased the payout this year despite the drop in net profit.
Absa Kenya has raised its interim dividend 150% to KSh0.50 despite H1 2026 profit falling 10% to KSh10.53Bn as its loan book hit a record KSh330Bn.
Absa Bank Kenya PLC has posted a profit after tax of Kshs 10.5 billion for the half-year ended June 30, 2026.
The Absa deal comes in the middle of a Sh363.3 million court battle pitting the governor and Mr Busaidy that has entangled the chief executives of NCBA Group, KCB Group and Co-oper ...
Absa Ruiru Invitational, the fifth leg of the Sunshine Development Tour – East Africa Swing, is headed for Ruiru with a strong field of golfers expected to battle for honours at Ruiru Sports Club from Sunday, 16th to Tuesday, 18th August. The Absa Bank Kenya main tournament action will be preceded by a Pro-Am on […]
Absa Group is set to leave the insurance manufacturing business in Kenya after agreeing to sell its controlling stake in two insurance companies to First Assurance Investments Limited (FAI). The South African banking group has signed a sale and purchase agreement covering its 63.32 per cent shareholding in First Assurance Company Limited (FAC) and Absa […]
Absa has agreed to sell its majority stakes in First Assurance Kenya and Absa Life to an investment firm linked to Musalia Mudavadi. The deal fits a wider Africa strategy that keeps insurance distribution through the bank while returning ownership to local investors.
Absa Group is selling its 63.32% interests in First Assurance and Absa Life Kenya to FAI, unwinding an insurance investment dating to 2015.
Absa Group has agreed to sell its majority stakes in Absa Life Assurance Kenya and First Assurance Kenya Limited as the lender retreats from direct insurance ownership across Africa.
Sources close to the transaction reckon that Absa Group will seek at least Sh3.8 billion for the two stakes.
Absa says its AI-powered SAS Viya platform on AWS has cut credit risk reporting by up to 90% while improving governance and regulatory compliance.
CMA has approved Absa's new Global Multi-Asset Funds, allowing Kenyan investors to diversify into international markets through regulated investment products.
Asset Management Limited (AAML), the asset management subsidiary of Absa Bank Kenya PLC, has received approval from the Capital Markets Authority (CMA) to register two new special funds under the existing Absa Unit Trust Scheme, further expanding its investment solutions portfolio for clients. The approval paves the way to introduce the Absa Global Multi-Asset Special […]
Absa Asset Management has secured CMA approval for shilling- and dollar-denominated global multi-asset special funds as it expands beyond money markets.
Absa says its AI-powered OCR system has boosted debt review document indexing by 41%, cutting processing times to one business day.
Absa Bank Kenya has advanced more than Ksh204 billion in sustainable finance between 2022 and 2025, reinforcing its commitment to mobilising capital towards initiatives that drive financial inclusion, enterprise growth, social development and environmental sustainability.
South Africa is expanding Smart ID services through Absa, bringing mobile identity registration and biometric enrolment closer to underserved communities.
In the suit, New Mega Africa accuses Absa Bank of financial sabotage by disclosing its confidential financial information to third parties without its consent. ...
Absa Group says it may continue buying Absa Bank Kenya shares on the NSE after its tender offer closes, giving it another path to lift its ownership beyond the current bid.
The pricing schedule released by Epra shows a subsidy of Sh5.08 and Sh14.72 per litre of petrol and kerosene, respectively. ...
Safaricom’s parent Vodacom Group last month completed the acquisition of an additional 15 percent stake in the company for Sh204.3 billion.
Banks have been looking to grow their non-interest income streams through digital channels.
Absa Bank Kenya and Unilever launch a KES 4bn financing programme to boost distributor liquidity and strengthen Kenya's consumer goods supply chain.
The bulk of the lender’s shares are in the hands of the 156 owners who hold above one million units each. ...
Absa Bank Kenya and Unilever Kenya have signed an agreement for a KES 4 billion financing programme designed to address access to working capital, one of the most significant constraints facing distributors and retailers. The initiative is expected to strengthen Kenya’s consumer goods value chain while accelerating the growth of small and medium-sized enterprises (SMEs) […]
Absa Bank Kenya has appointed Diana Mwaniki as Acting CFO, completing its interim leadership reshuffle after the recent CEO transition.
Absa Bank Kenya has appointed Diana Mwaniki as Acting CFO effective 1 July 2026, after Yusuf Omari moved to Ag. MD and CEO following Abdi Mohamed’s resignation.
Absa Bank Kenya has appointed Ms. Diana Mwaniki as the acting Chief Finance Officer(CFO). She assumes this role at Absa Bank Kenya after serving as the lender’s Head of Financial Decision Support since joining the institution in September 2022. Mwaniki will lead the Absa Bank Kenya’s finance function, providing strategic financial leadership and oversight. Absa […]
Absa Bank Kenya has signed a Memorandum of Understanding (MoU) with Gen Z Connect by Executive Connect to drive youth empowerment and leadership development among young people, supporting the next generation as they build skills, careers and businesses. The partnership will be delivered through the Bank’s NextGen offering within its Consumer Banking business. Absa Bank […]
Absa Bank Kenya and Gen Z Connect will equip young professionals with leadership, entrepreneurship and financial literacy skills through a nationwide programme.
I&M Bank Kenya has named veteran banker Abdi Mohamed as its next Chief Executive Officer, handing the leadership of one of the country’s fastest-growing lenders to a banker with more than three decades of experience in East Africa’s financial sector. The appointment, announced on Monday, is subject to approval by the Central Bank of Kenya […]
Absa Bank Kenya has renewed partnership with the Bloggers Association of Kenya (BAKE) to advance growth of Kenya's digital content ecosystem
https://www.whatsapp.com/channel/0029VaOoulRBFLgc9Dqk493x ...
Absa Bank Kenya has renewed partnership with the Bloggers Association of Kenya (BAKE) to advance growth of Kenya's digital content ecosystem
I&M Group has appointed Abdi Mohamed as its new Chief Executive Officer for I&M Kenya Limited, subject to approval from the Central Bank of Kenya, hours after he quit Absa Bank.
The board of directors has announced the resignation of Absa Bank Kenya CEO Abdi Mohamed, who doubled as Managing Director, effective 30th June 2026.
Abdi Mohamed has stepped down as Absa Bank Kenya CEO after three years. His departure comes as Absa Group increases its investment in Kenya and the bank builds on a major digital transformation programme.
The board has appointed CFO Yusuf Omari as Interim Managing Director and CEO with effect from 1 July 2026, as it searches for a substantive replacement
Abdi Mohamed has resigned as Chief Executive Officer (CEO) of Absa Bank Kenya, just over three years after taking up the role on May 1, 2023.
The exit of Mr Mohamed as Absa Bank Kenya's boss brings to a close an era dominated by enhanced operational efficiency through aggressive investment in digital transformation. ...
Absa Bank Kenya Plc and Google Hustle Academy have announced a strategic partnership to provide comprehensive business training and financial support to small and medium-sized enterprises (SMEs) across Kenya over the next 12 months. The Absa-Google programme aims to reach and impact 3,000 SMEs. It has so far rolled out 3 cohort training sessions with […]
Absa Bank Kenya has rolled out a new mortgage financing programme targeting one of the biggest challenges facing Kenya’s housing sector: connecting willing homebuyers with housing projects before construction is completed. The bank announced a developer-led home financing solution that will allow qualified buyers to access mortgages at an interest rate of 8.9 per cent […]
Acorn Holdings, Absa Bank Kenya and Co-op Bank launch Zinduka, offering students housing loans and graduates up to KSh 500,000 in start-up capital.
Absa Group has offered KSh 30.91Bn (US$238.74Mn) for more shares in Absa Bank Kenya, seeking a greater share of earnings on its existing risk.
Absa Group's Sh30.9 billion investment in its Kenyan subsidiary reveals a broader strategy around retail banking, digital finance and East African expansion. The move highlights why Kenya is becoming increasingly important to the bank's continental ambitions.
The proposed offer price comes after Absa Bank Kenya’s share price had rallied to hit an all-time high of Sh33 before easing to close at Sh29.4 on Thursday.
Acorn Holdings Limited has partnered with Absa Bank Kenya Plc and Co-operative Bank Group to launch the Zinduka Graduate Enterprise Programme, an innovation designed to enable students to gain access to affordable accommodation through unsecured housing loans and start-up capital.
Absa Bank Kenya has welcomed a new industry-wide initiative to promote digital payments through PesaLink. As part of the initiative, PesaLink transaction charges have been reduced to as low as KSh20 for transfers ranging between KSh1,001 and KSh999,999, while transactions below Ksh1,000 will be free of charge. The initiative aims to accelerate the adoption of […]
Absa Bank Kenya has partnered with International Housing Solutions (IHS) Kenya as the title sponsor of the 2nd IHS Kenya Affordable Housing Conference, reinforcing its commitment to unlock scalable solutions that can accelerate housing delivery and expand homeownership across the country. The conference, taking place on Thursday this week, will convene developers, financiers, policymakers and […]
Absa issued a 90-day statutory notice on May 12, 2025. The notice demanded immediate payment of the entire loan balance of Sh79.9 million. ...
Absa Bank Uganda has received approval of the Bank of Uganda (BoU) to acquire Standard Chartered Bank Uganda’s wealth and retail banking business
Absa has renewed its partnership with Salesforce through a new three-year agreement aimed at advancing the bank’s adoption of AI
Absa Bank Kenya has posted a profit after tax of KSh5.3 billion and achieved a Return on Equity of 20.3% for the quarter ended March 31, 2026
Absa Kenya Q1 operating revenue fell the 2nd year to KSh 14.65 Bn, with net interest income and FX trading income leading the compression amid CBK rate cuts.
Absa Bank Kenya Plc has reported a profit after tax of Ksh5.3 billion and delivered Return on Equity of 20.3% for the quarter ending 31st March, 2026.
Absa becomes the second major listed lender to report lower earnings after Standard Chartered Bank Kenya’s net income declined 26.3 percent in the same period to Sh3.5 billion on l ...
Absa Bank Kenya PLC has been recognised as the Best Retail Bank in Kenya by the Global Banking and Finance Review 2026.
At the centre of the dispute is Vetlab Sports Club’s contested leadership.
Absa Bank Kenya has unveiled a revamped asset financing proposition aimed at deploying KSh 100 billion over the next three years to businesses and individuals. The Absa Bank Asset Finance enhanced offering is designed to improve access to productive assets and support growth across key sectors of the Kenyan economy, including manufacturing, trade and logistics, […]
Tier I lender Absa Bank Kenya has revamped its asset financing programme pledging to deploy KES 100 billion over the next three years to businesses and individuals
The judge found the lender acted lawfully after customers lost millions through unauthorised withdrawals. ...
Many organisations use voluntary exit programmes to cut costs, especially payroll, while others deploy the scheme to refresh talent and realign skills with evolving business needs, ...
Airtel Money has linked up with Absa Bank Kenya to enable small and medium-sized enterprises (SMEs) across Kenya receive and manage digital payments The new service enables direct transfers from the mobile wallets into Absa Bank Kenya accounts and payments to Absa merchant paybill accounts. Video: https://drive.google.com/drive/folders/1TYcrD5O95AfKFSlkEfgHSMCWSa2HRy_o?usp=sharing The partnership enhances convenience, speed, and reliability for everyday […]
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