Absa Bank has announced the appointment of outgoing Safaricom M-PESA Africa Managing Director Sitoyo Lopokoiyi as its Chief Executive Officer for Personal and Private Banking. In a notice dated Wednesday, February 11, 2026, the bank stated that his appointment will take effect on April 1, 2026. “Absa announces the appointment of Sitoyo Lopokoiyi as Chief
Ecobank Kenya has appointed former Family Bank Chief Executive Officer Rebecca Mbithi as its new Managing Director. In a notice dated Wednesday, February 11, 2026, the bank announced the appointment through its Board, stating that it will take effect from Tuesday, February 9, 2026, subject to regulatory approval by the Central Bank of Kenya (CBK).
The CBK (Central Bank of Kenya) has made an official announcement regarding its monetary policy by cutting the CBR (central bank rate), by signing the new borrowing rate from 9.00% and 8.75%, respectively. This reduction is intended to give borrowers more relief due mainly to lower inflation rates, improved lending practices and the current lack
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