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.

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.

Absa Bank Kenya PLC has appointed Catherine Adeya as an Independent Non-Executive Director, effective June 25, 2026. The bank's Board of Directors announced that Dr. Adeya brings over 20 years of experience in governance, technology, and development, having worked in various sectors including academia and public institutions.

On June 30, 2026, Vodacom Group finalized its acquisition of a 15 percent stake in Safaricom Plc, marking the largest transaction in the history of the Nairobi Securities Exchange. This deal concluded despite efforts from courts and petitioners to delay it, raising concerns among the public regarding the implications of the sale and the lack of communication from Safaricom's CEO.

On June 30, 2026, Vodacom Group of South Africa finalized the acquisition of a 15 percent stake in Safaricom Plc, marking the largest transaction in the history of the Nairobi Securities Exchange. This deal has raised concerns as it is reported that KES 437 billion was left unclaimed, and the CEO of Safaricom has remained silent throughout the process, according to Kenya Insights.

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.