File image of Abdi Mohamed.
Absa Bank Kenya has announced the resignation of its Managing Director and Chief Executive Officer (CEO), Abdi Mohamed, after three years.
In a public notice on Monday, the Absa Bank Kenya Board of Directors said Mohamed will step down from the role effective June 30, 2026, to pursue other career opportunities.
“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,” read the notice
Mohamed has served as the CEO and Managing Director of Absa Bank Kenya for the past three years. Before taking up the role in Kenya, he served as the Managing Director of Absa Bank Tanzania and held several other leadership positions within the banking group.
During his tenure, Mohamed has steered the Bank through defining moments that have not only enhanced organizational resilience but also created strong business growth, leading to the doubling of the Absa Kenya share price over three years.
Absa Bank Kenya Chairman Mohammed Nyaoga thanked Mohamed for his service and contribution to the institution, wishing him success in his future endeavors.
“The Board thanks Mr. Mohamed for his leadership, diligence, outstanding service, and contribution to Absa, and wishes him the best in his future endeavors,” Nyaoga said.
To ensure a smooth leadership transition, the Board has appointed Absa Bank Kenya’s Chief Financial Officer, Yusuf Omari, as Interim Managing Director and CEO with effect from 1st July 2026, subject to regulatory approvals.
The Board will concurrently undertake the recruitment process for the substantive appointment for the position.
Omari is a highly accomplished executive with more than two decades of leadership experience spanning Finance, Strategy, Risk Management, ESG, and Corporate Governance.
“With his rich strategic acumen, strong leadership capabilities, and commitment to driving sustainable growth, he is well equipped to guide the Bank through this transition and ensure continued momentum in the delivery of its strategic priorities,” the board stated.
