Absa names ex-CBK Chair Mohammed Nyaoga as new Board head

Absa Bank Kenya has appointed former Chairman of the Central Bank of Kenya, Mohammed Nyaoga, as the new Chairman of its Board of Directors, effective October 1.

Absa Kenya Appoints Ex-CBK Chair Mohammed Nyaoga to Lead Board

Absa Bank Kenya PLC has announced the appointment of Mohammed Nyaoga as the new Chairman of its Board of Directors, effective October 1, 2025. He will succeed Charles Muchene, whose nine-year tenure concludes on September 30, 2025.

12 banks face merger over Sh20b capital crunch

Up to 12 Kenyan banks are facing potential mergers, acquisitions, or collapse unless they raise a collective Sh19.8 billion in capital by year-end. This warning comes from a new Central Bank of Kenya (CBK) report, marking a significant threat to the country's banking industry.

12 banks face merger or wind up over Sh20b capital crunch

Up to 12 Kenyan banks face potential mergers, acquisitions, or collapse unless they collectively raise Sh19.8 billion in capital by year-end, according to a recent report by the Central Bank of Kenya (CBK). This warning signals the most significant threat to the country’s banking sector since the failures of Imperial Bank and Chase Bank in 2015-2016.

CBK to launch digital bond for Kenyans by June 2026