BUSINESS

Absa Kenya Appoints Mohammed Nyaoga as Board Chair

Share
New Absa Kenya Board Chair Mohammed Nyaoga.
New Absa Kenya Board Chair Mohammed Nyaoga.
Share

Absa Bank Kenya has named Senior Counsel Mohammed Nyaoga as the next Chairman of its Board of Directors.

His appointment takes effect on October 1, 2025, following the retirement of Charles Muchene, who steps down after serving nine years on the board, including a long stint as Chairman.

The lender paid tribute to Muchene’s leadership, crediting him with guiding the bank through a transformative period. According to the institution, “His leadership has been defined by foresight, stability, and purpose.”

Nyaoga comes to the role with more than 40 years of legal practice and is widely recognised as one of Kenya’s most respected corporate governance experts.

He was admitted to the Bar in 1985 and holds both bachelor’s and master’s degrees in law from the University of Nairobi.

He also has a diploma from the Kenya School of Law and is a Certified Public Secretary and Company Director.

Over the years, he has held prominent leadership roles, including chairing the Central Bank of Kenya, Ecobank Kenya, and the International Monetary Fund’s External Experts Panel in Washington.

He currently leads the African Development Bank Group’s Disclosure and Access to Information Appeals Panel. In recognition of his public service, he has been awarded the Elder of the Order of the Burning Spear (EBS).

In his parting remarks, Muchene reflected on his journey at the bank and welcomed his successor.

“It has been a privilege for me to lead the Bank through a period of change, growth and resilience, during which we have achieved significant progress in our strategic ambitions and resolutely pursued our purpose of empowering Africa’s tomorrow, together, one story at a time,” he said.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Bolt pointed to the growing demand for ride-hailing services in Kenya.
BUSINESS

Bolt Accounts for Almost 24pc of Kenya’s EV Fleet

Electric vehicles are quietly reshaping Kenya’s transport sector, and the biggest push...

Nairobi Coffee Exchange
BUSINESSMARKETS

Nairobi Coffee Exchange Moves 46,984 bags Worth KSh 2.6Bn

Nairobi Coffee Exchange(NCE) at last week’s auction recorded sales of 46,984 bags...

Safaricom head office in Nairobi. PHOTO/@SafaricomPLC/X
BUSINESS

Safaricom Dividend Pushes NSE to Historic Ksh3.2T Valuation

Safaricom’s dividend announcement has delivered one of the strongest weeks ever at...

CBK Governor Kamau Thugge
MARKETS

  Will CBK Make Another Rate Cut in February Meet?

CBK (Central Bank of Kenya) is expected to make further cuts to...