Following his departure from M-PESA Africa, Sitoyo Lopokoiyit has been appointed as the new Chief Executive for Personal and Private Banking at Absa Group, effective April 1, 2026. This move signifies Absa's strategic intent to integrate a tech-first approach into traditional banking, leveraging Lopokoiyit's extensive fintech expertise.

• Sitoyo Lopokoiyit will transition from leading M-PESA Africa, the continent’s largest fintech infrastructure, to overseeing Absa's Personal and Private Banking division.
• He previously served as Managing Director of M-PESA Africa and Chief Financial Services Officer at Safaricom, where he unified M-PESA operations across Safaricom and Vodacom footprints.
• Under his leadership, M-PESA launched the M-PESA Super App and expanded its ecosystem to serve over 56 million customers and 5 million businesses.
• Absa cited his "deep expertise in financial services, telecoms, customer value propositions, and large-scale business transformation" as key to his appointment.