Safaricom Board Explains 14 Proposed Articles of Association Resolutions Ahead Of 2026 AGM
Safaricom PLC has issued an explanatory memorandum outlining 14 special resolutions proposed by Vodafone Kenya Limited ahead of the company’s Annual General Meeting (AGM) scheduled for 31 July 2026. The proposed resolutions seek to amend Safaricom’s Articles of Association, introducing changes that would affect shareholder representation, board composition, executive appointments, government shareholder rights, dividend governance, […]
16 Ugandan Banks with Over UGX 1 Trillion in Assets
Uganda’s commercial banking industry has consolidated into a UGX 61.5 trillion asset base, producing a tightly defined Tier-1 segment of 16 banks each holding over UGX 1 trillion in assets. The group now operates as a clear top layer of the financial system, shaped by restructuring, digitisation, mergers, and expansion into retail and corporate lending. […]
IMF Fiscal Policy Under Scrutiny as New Report Questions Impact on Kenya’s Public Services
A joint report by ActionAid International, Education International, and the Tax and Education Alliance has raised questions over the gap between the stated poverty-reduction goals of the International Monetary Fund and the fiscal policy advice it gives to developing countries, including Kenya. The report, titled Still Cooking with a Failed Recipe, examines IMF policy documents […]
Absa Group Shares Drop 10% After Revising Kenya Growth Outlook
Absa Group, the parent company of Absa Bank Kenya, has seen its share price fall 10.3% over the past five trading days after warning of a tougher operating environment and lowering its 2026 economic growth forecasts for Kenya, South Africa and Ghana. The banking group, which issued a voluntary trading update ahead of its half-year […]
Preparing Bank Security Operations for Scale, Change, and Long-Term Resilience
By Quintin Roberts – Regional Sales Manager, Genetec Africa When banks and financial institutions upgrade their physical security systems, they are making decisions that will affect operations for years. Branch formats are changing, cyber risks are increasing, and security teams are being asked to support more sites, more data, and more business functions. The challenge […]
What Moody Says About Absa Group’s Plan to Increase Its Absa Kenya Ownership
Moody’s Ratings has described Absa Group’s planned acquisition of up to an additional 16.5% stake in Absa Kenya as credit positive, saying the transaction would strengthen the South African lender’s earnings while expanding its exposure to one of its most profitable operations in East Africa. The ratings agency said the deal carries relatively low execution […]
Absa Group Opens KSh30.9bn Tender Offer to Raise Absa Bank Kenya Stake to 85%
Absa Group has officially opened its long-awaited KSh30.9 billion partial tender offer for shareholders of Absa Bank Kenya Plc, giving investors the opportunity to sell their shares at KSh34.50 each as the South African banking group moves to increase its ownership in the lender from 68.5% to 85%. The offer, which opened on June 30, […]
Abdi Mohamed Set to Join Elite Group of Bank CEOs Who Have Led Multiple Lenders
I&M Group PLC has appointed Abdi Mohamed as the incoming Chief Executive Officer of I&M Bank Kenya. The appointment, announced on Monday, is subject to approval by the Central Bank of Kenya (CBK) and comes just hours after Absa Bank Kenya confirmed Mohamed would step down as its Managing Director and Chief Executive Officer on […]
4 Ways Abdi Mohamed Reshaped Absa Bank Kenya During His Three Years as CEO
Absa Bank Kenya’s outgoing Chief Executive Officer Abdi Mohamed leaves behind a more diversified, profitable, and digitally focused lender after overseeing one of the bank’s most extensive operational transformations. Mohamed took over leadership in May 2023 at a time when Absa was operating from a position of financial strength but remained largely dependent on interest […]
Timeline of Absa Bank Kenya Leadership: The CEOs Behind a Century of Banking Transformation
Absa Bank Kenya leadership timeline traces more than a century of transformation, from a colonial banking outpost established in 1916 to one of Kenya’s largest listed commercial banks, with each leadership era overseeing major changes in ownership, strategy and customer focus. The latest transition follows the resignation of Absa Bank Kenya Managing Director and CEO […]