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 Bank has appointed Michael Kwofie as its Group Chief Information Officer, enhancing its leadership in technology and cybersecurity. Kwofie is recognized for his extensive experience in the field.

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.

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.

The Shah family has gained control of over half of I&M Group through three investment vehicles, amassing Sh66 billion, despite public discussions focusing on Sh17.35 billion in 'paper wealth'. This development was highlighted during the listing of the bank's Medium Term Note, where Capital Markets Authority Director Daniel Warutere and Nairobi Securities Exchange CEO Frank Mwiti were present alongside I&M Group Executive Director Sarit Shah.