Absa Bank Kenya PLC has announced the appointment of Mohammed Nyaoga, EBS, SC, as the new Chairman of its Board of Directors, effective October 1, 2025. He will succeed Charles Muchene, who is stepping down after completing his nine-year term.
Mohammed Nyaoga brings over 40 years of extensive experience in legal practice, specializing in Corporate Finance and Governance. He has held numerous high-profile leadership roles, including Chairman of the Central Bank of Kenya and EcoBank Kenya. He currently serves as Chairman of the African Development Bank Group’s Disclosure and Access to Information Appeals Panel.
He currently serves as the Chairman of the African Development Bank Group’s Disclosure and Access to Information Appeals Panel. Nyaoga is a certified director and corporate governance training consultant for over 22 years and has trained several boards in Kenya and globally. He has been a regular trainer and speaker at Central Banking Publications (UK) Governance Training Series at Windsor, Cambridge, and Oxford, and for the International Monetary Fund (IMF) in their regional corporate governance capacity building training forums.
In a statement, Absa Bank Kenya thanked the outgoing chairman, Mr. Muchene, for his “visionary leadership” over the past nine years, noting his role in steering the bank through significant growth and enhancing its resilience.
Mr. Muchene expressed his gratitude, saying, “I am confident that the Bank is strategically placed to continue its growth trajectory into the future.”
On his appointment, Mr. Nyaoga praised Mr. Muchene’s leadership for establishing a “strong foundation” for the bank’s future. He added, “The global, regional and local financial landscape continues to evolve, and I look forward to working with fellow Board members and the Management team to advance our strategic priorities.”