… Principal Investigating Officer Justin Nyatete, a detective with 22 years of service, testified before the court and outlined the challenges investigators faced while probing Masai’s fatal shooting near the Absa Bank Kenya area in Nairobi’s Central Business District. …
… The lobby pointed out that the proposal directly contradicts a December 2025 Supreme Court ruling involving ABSA Bank, which firmly established that these are operational service fees, not royalties. …
… Mohamed has also worked as CEO of Barclays Bank Kenya, as well as Managing Director for East and West Africa and Africa CEO for the bank.His appointment has been challenged in court by Benard Opere, who sought to block the process on grounds that Mohamed had exceeded the retireme …
… He brings extensive experience from both the private and public sectors, having previously served as Managing Director of Barclays Bank Kenya, now Absa Bank Kenya, where he held senior leadership positions in the banking industry. …
… Attention now turns to how other tier-one lenders including KCB Group, Equity Group Holdings, NCBA Group, Absa Bank Kenya among others will perform when they release first-quarter results over the coming days. …
… For financial institutions like Absa, it is important to actively monitor developments in the Middle East and their implications for global trade flows, commodity prices, and financial markets, while working closely with clients to navigate volatility through trade finance soluti …
Absa Bank Kenya has unveiled a revamped asset financing proposition aimed at deploying Sh100 billion over the next three years to finance businesses and individuals across the country. …
Absa Bank won the Calvary Cup by defeating Tarra Agility 6.5-5, while Kimoi led Tack Rack to victory in the Division Two Championship (Bwana Begg Trophy), beating Fe De Canter 5-1.
Absa Bank won the Calvary Cup by defeating Tarra Agility 6.5-5, while Kimoi led Tack Rack to victory in the Division Two Championship (Bwana Begg Trophy), beating Fe De Canter 5-1.
Three South African corporate giants have announced more than Sh400 billion in acquisitions and stake increases in Kenya over seven months, including Nedbank's acquisition of NCBA, Absa Group's increased ownership of Absa Bank Kenya, and Vodafone's increased stake in Safaricom, marking one of the biggest waves of South African investment in Kenyan blue-chip companies in recent years.
A Kenyan writer explores South Africa's paradox of xenophobia against African immigrants alongside significant Kenyan investment in blue-chip South African firms, arguing that underlying inequality rather than simple immigrant targeting explains anti-foreigner sentiment.
Abdi Mohamed has been appointed Chief Executive Officer of I&M Bank Kenya days after his resignation from Absa Bank Kenya, where he served as Managing Director and CEO for three years. The appointment is subject to approval by the Central Bank of Kenya.
Absa Bank Kenya Managing Director and Chief Executive Officer Abdi Mohamed has resigned effective June 30 after a three-year tenure, citing a desire to pursue other career opportunities. The bank's Board has appointed Chief Financial Officer Yusuf Omari as interim successor.
An opinion piece argues that Kenya's recent receipt of Sh90 million in climate disaster funding through the Santiago Network signals that climate finance is increasingly available, but flows only to institutions that demonstrate readiness. The author contends that financial institutions must position themselves to access this capital as climate impacts reshape livelihoods across the country.
Absa Group plans to increase its stake in Absa Bank Kenya to as much as 85% through a $238 million tender offer, offering 34.50 Kenyan shillings per share to buy shares from minority investors. The South African bank says Kenya is strategically important and intends to maintain the bank's Nairobi Securities Exchange listing after the transaction.
Co-op Bank and Absa have launched the Zinduka Graduate Enterprise Programme to improve access to student accommodation and provide business loans of Ksh.200,000 to Ksh.500,000 to eligible graduates, targeting support for 5,000 to 10,000 new enterprises annually.
Acorn Holdings, in partnership with ABSA Bank Kenya and Co-operative Bank Group, has introduced the Zinduka Graduate Enterprise Programme to provide university graduates with entrepreneurship training, affordable housing loans, and start-up capital ranging from Sh200,000 to Sh500,000, targeting between 5,000 and 10,000 new enterprises annually.
Co-operative Bank of Kenya has committed Sh1 billion to the "Zinduka" Graduate Enterprise Programme, a joint initiative with Acorn Holdings and Absa Bank Kenya that provides unsecured housing loans and startup capital (between Sh200,000 and Sh500,000) to university students. The programme aims to address a shortage of student beds and support 5,000 to 10,000 new businesses annually.
Angola's state oil company Sonangol has secured a $2.65 billion financing deal with a syndicate of foreign banks including Standard Bank of South Africa, Societe Generale, Absa, and First Abu Dhabi Bank to fund operational expenditure and capital investment. Sonangol is also in talks with Chinese financial institutions for a $4.8 billion loan to finance construction of a new refinery in the Atlantic port of Lobito.
An inquest into the death of protester Rex Masai heard that the lead investigating officer told the court detectives were unable to identify the firearm that fired the fatal bullet, citing lack of cooperation from police officers involved in the June 2024 anti-Finance Bill demonstrations.
The Kenya Bankers Association has called for deletion of proposed Withholding Tax on card transaction fees and a 16 per cent VAT on digital payment processing, warning the combined tax burden would increase total digital financial transaction costs and risk financial exclusion.
Former Industrialisation Cabinet Secretary Adan Mohamed was sworn in on Wednesday as Commissioner General of the Kenya Revenue Authority for a three-year term, replacing Humphrey Wattanga. His appointment has been challenged in court by Benard Opere on grounds that Mohamed had exceeded the retirement age of 60 years for public officers.
Former Industrialisation Cabinet Secretary Adan Mohamed has been appointed Commissioner General of the Kenya Revenue Authority for a three-year term effective May 18, 2026, replacing Humphrey Wattanga. Mohamed previously served as Managing Director of Barclays Bank Kenya and brings experience from both private and public sectors.
Co-operative Bank of Kenya reported a 21.3 per cent rise in net profit to Sh8.41 billion for the first quarter ending March 31, driven by a 13.6 per cent jump in operating income and contributions from non-banking subsidiaries. The bank was also named one of Africa's Fastest Growing Companies in 2026 by Financial Times.
The US–Israel–Iran conflict is straining the Strait of Hormuz, a critical global energy corridor, triggering volatility in energy prices and fuel supply disruptions in Kenya. Petroleum products account for roughly 20–25% of Kenya's total import bill, making the economy structurally exposed to geopolitical shocks in global oil markets.
Absa Bank Kenya has launched a revamped asset financing proposition to deploy Sh100 billion over three years to finance businesses and individuals, targeting key sectors including manufacturing, agriculture, trade and logistics, infrastructure, health and education.
The seventh Absa Kip Keino Classic at Nyayo National Stadium in Nairobi saw seven records broken, with Kenyans including Ferdinand Omanyala (men's 100m), Emmanuel Wanyonyi (men's 1500m), and Mercy Oketch (women's 400m) topping key races. The event introduced U20 categories for the first time and used wave-light technology to pace athletes.
The seventh Absa Kip Keino Classic at Nyayo National Stadium saw seven records broken, with Ferdinand Omanyala clocking a sub-10 twice in the men's 100m. The event introduced U20 categories for the first time, providing a platform for young athletes to showcase their talent, supported by a Sh35 million investment from Absa Bank Kenya.
ABSA Bank, DTB Bank and Premier Bank are offering contactless payment solutions integrated into wearable devices like smartwatches, rings and wristbands, which customers can tap on POS terminals. The banks have implemented security measures including transaction limits, PIN requirements, and real-time fraud detection to address risks from potential loss or theft.