Absa Bank Kenya CEO Abdi Mohamed resigns
Absa Bank Kenya CEO Abdi Mohamed resigns
Absa Bank Kenya Managing Director and Chief Executive Officer Abdi Mohamed has resigned after serving the lender for 32 years.
In a statement, the bank said Mohamed will leave his position with immediate effect to pursue other career opportunities.
The bank has appointed Chief Financial Officer Yusuf Omari as acting Managing Director and Chief Executive Officer pending the appointment of a substantive successor.
“The Board of Directors of Absa Bank Kenya Plc (“Absa”) hereby announces the resignation of Abdi Mohamed from the role of Managing Director and CEO, effective 30 June 2026, to pursue other career opportunities.
“Mr. Mohamed is leaving the Bank after a 32-year career during which he served in various leadership roles, including the last three years as CEO and MD of Absa Bank Kenya,” read the statement in part.
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Mohamed joined the bank more than three decades ago and held several senior leadership positions during his tenure, including Managing Director of Absa Bank Tanzania, before taking over as CEO of Absa Bank Kenya three years ago.
His departure comes after a period in which the bank recorded steady financial performance. For the year ended December 2025, Absa Bank Kenya posted a net profit of Sh22.9 billion.
The lender did not indicate when a permanent chief executive will be appointed.
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