Absa Bank Kenya PLC has appointed Diana Mwaniki as its Acting Chief Financial Officer (CFO), effective July 1, 2026, to ensure leadership continuity following recent executive changes. This appointment is subject to regulatory approval and follows the naming of former CFO Yusuf Omari as Interim Managing Director.

Abdi Mohamed, the long-serving Managing Director and CEO of Absa Bank Kenya, resigned on or around June 28, 2026, marking a significant change in the bank's leadership. His departure comes amid rising concerns about internal fraud within the organization, highlighting ongoing issues within the bank's boardroom dynamics, according to Kenya Insights.

I&M Group has appointed Abdi Mohamed, the former boss of Absa, as the new CEO of I&M Bank Kenya, subject to approval from the Central Bank.

Airtel Kenya has appointed Djibril Tobe as its new managing director, taking over from Ashish Malhotra, who is departing the company. The appointment reflects a leadership change within the organization as it continues to navigate the telecommunications market.

Flora Mutahi, the former chairperson of the Kenya Private Sector Alliance (KEPSA), has been appointed to the board of Ecobank Kenya. She is noted for her historic role as the first woman to chair the Kenya Association of Manufacturers, where she advocated for private sector growth and industrial development.

South African firms are intensifying their investments in Kenya's corporate sector, with planned acquisitions totaling approximately Sh413 billion. This strategy aims to use Nairobi as a gateway into East and Central Africa. Notably, Absa Group has announced intentions to increase its stake in Absa Bank Kenya from 68.5 percent to a higher percentage.