BUSINESS

Absa Group CEO Kenny Fihla Banks on Kenya as a Regional Financial Hub

He has emphasised the importance of collaboration between banks, government and regulators in building a stable and resilient financial system

Share
Absa Group CEO Kenny Fihla
Absa Group CEO, Mr Kenny Fihla.
Share

Absa Group CEO Kenny Fihla is on a three-day working visit to Kenya to engage with senior government officials, regulators, and leaders from the business and financial services sectors.

Mr Fihla is planned to meet public and private sector stakeholders to discuss priorities affecting the banking industry and the wider economy, including access to credit, SME growth, trade and infrastructure financing, and the role of financial institutions in supporting economic activity across East Africa. Kenya’s position as a regional financial and trade hub will feature prominently in the discussions, particularly its role in enabling cross-border business and regional integration.

“This visit is about engaging directly with stakeholders and customers to better understand the realities they are navigating,” said Mr Fihla. “That understanding is central to how we live our purpose of empowering Africa’s tomorrow by supporting businesses and households through different economic cycles.”

Mr Fihla is accompanied by Charles Russon, Group Executive, Africa Regions, and Saviour Chibiya, Regional Executive, East Africa. He said the visit reflects Absa’s commitment to continued investment in banking infrastructure and digitisation to support customers and improve efficiency. In the recent past, Absa has invested significantly in modernising its technology platforms, including approximately KSh4 billion invested in technology infrastructure that is aimed at strengthening digital services, system resilience, and operational efficiency in Kenya.

> Kenya Power Half-Year Earnings Hits Ksh 10.4 Billion 

Absa Bank Kenya Managing Director & CEO, Mr Abdi Mohamed, noted that Kenya continues to play a central role in Absa Group’s regional strategy. He added that the visit reaffirmed the importance of Kenya as a base for supporting regional trade, investment, and cross-border activity.

Engagements during the visit will include discussions with representatives from key industries, the financial sector, and the SME ecosystem, reflecting Absa’s focus on sectors that underpin durable economic activity such as agriculture, trade, infrastructure, digital enterprise, and small and medium-sized businesses.

Mr Fihla has also emphasised the importance of collaboration between banks, government, and regulators in building a stable and resilient financial system, noting that constructive engagement and regulatory clarity are important in sustaining investment and long-term planning.

The visit includes internal engagements with Absa leadership and teams to reinforce the Group’s customer-led approach and its focus on consistent execution, responsible capital allocation, and strong local delivery across Kenya and the wider East Africa region.

As Absa operates across East Africa, the CEO said it  remains focused on combining regional and global banking capability with deep local understanding, supported by strong leadership and talent depth, reflected in its Top Employer certification across key markets.

> Kalahari Receives Regulatory Approval to Take Over East African Portland Cement

Written by
BILL YAURA -

Bill Yaura is a Correspondent for Business Today. He can be reached on email: [email protected]

Leave a comment

Leave a Reply

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

PAST ARTICLES AND INSIGHTS

Related Articles
Nakumatt
BUSINESS

StanChart Targets Nakumatt Land Over Unpaid Loans

Standard Chartered Bank Kenya has warned that it will begin selling off...

MPESA at 19
BUSINESS

At 19 Years, M-PESA Crosses 40 Million Customers

Safaricom (NSE: SCOM) today announced that M-PESA has reached 40 million customers...

Kenya Revenue Authority (KRA) Commissioner for Micro and Small Taxpayers George Obell
ECONOMY

KRA Sets Up Kisumu Businesses For More Taxation

Kenya Revenue Authority (KRA) says it will continue supporting micro and small...

Ugunja Water Treatment Plant siaya
NEWS

River of Life: Ugunja–Sega–Ukwala Water Project Transforms Communities in Siaya

Residents of Ugunja, Sega and Ukwala in Siaya County are beginning to...