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Abdi Mohamed Resigns as Absa Bank Kenya Chief Executive
Abdi Mohamed resigned as managing director and chief executive of Absa Bank Kenya after 32 years of service. The bank named Chief Financial Officer Yusuf Omari as acting chief executive. The departure follows a year in which the lender recorded a net profit of Sh22.9 billion.
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Abdi Mohamed resigned as managing director and chief executive officer of Absa Bank Kenya, AllAfrica reported. The resignation took effect immediately. Mohamed had served the lender for 32 years. He previously held the role of managing director at Absa Bank Tanzania and became chief executive of the Kenyan unit three years ago.
The bank said he left to pursue other career opportunities. Yusuf Omari, the bank's chief financial officer, was appointed acting managing director and chief executive pending selection of a permanent successor. The lender did not specify a timeline for that appointment.
For the year ended December 2025, Absa Bank Kenya recorded a net profit of Sh22.9 billion.
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