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Abdi Mohamed will step down as chief executive of Absa Bank Kenya on June 30, ending a three-year tenure atop one of Kenya’s largest lenders and a 32-year career that spanned the bank’s transformation from Barclays to Absa.
In a Monday statement, the bank said Mohamed would leave to pursue other career opportunities. Chief financial officer Yusuf Omari will take over as interim chief executive from July 1, subject to regulatory approval.
The transition hands one of Kenya’s largest lenders to an interim chief executive at a time when banks across East Africa are navigating slowing credit growth, digital competition, and shifting regulatory demands. It also ends one of the longest executive careers at the lender.
“The board and management of Absa Bank Kenya appreciate Mr Mohamed for his leadership, diligence, outstanding service, and contribution to Absa and wishes him the best in his future endeavours,” board chairman Mohammed Nyaoga said in the statement.
