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Abdi Mohamed who currently is the Absa Tanzania managing director and acting managing executive for retail and business banking, Africa Regional Operations, has been named as the new chief executive of ABSA Bank Kenya.
Abdi Mohamed who currently is the Absa Tanzania managing director and acting managing executive for retail and business banking, Africa Regional Operations, has been named as the new chief executive of ABSA Bank Kenya. He succeeds Jeremy Awori, who exited in October last year after a nearly 10-year stint after his appointment as pan-African Ecobank chief executive officer in September. He is credited with helping Absa Kenya achieve significant commercial milestones in the past decade, including the rebranding from Barclays.
According to a statement issued by ABSA, Abdi Mohamed, whose appointment is subject to regulatory approval, had earlier served as the chief operating officer for the Kenyan lender. He also served in several other roles within the organisation including retail and business banking director in Kenya and Zambia, and operations efficiency manager, Barclays global retail and commercial banking, London.
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ABSA Bank Kenya has been performing well and posted a 30 percent jump in net profit in the nine months that ended September on the back of higher income from lending. The Nairobi Securities Exchange-listed lender’s net earnings stood at Sh10.7 billion, up from Sh8.2 billion the year before.
