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Absa faces major investor backlash after awarding new CEO a $9 million pay package to leave rival Standard Bank
Business and Economy

Absa faces major investor backlash after awarding new CEO a $9 million pay package to leave rival Standard Bank

The backlash erupted at the bank’s annual general meeting, where 43.37% of shareholders voted against the implementation report detailing how Absa applied its remuneration

War for talent | Sola Adegbesan leaves Standard Bank for Absa
Business and Economy

War for talent | Sola Adegbesan leaves Standard Bank for Absa

Absa’s raid on Standard Bank’s top talent is showing no sign of letting up as it sharpens its Pan-Africa ambitions, with respected investment banker Sola

Absa Bank Kenya Q1 Net Profit Drops 13% to Ksh5.3B
Business and Economy

Absa Bank Kenya Q1 Net Profit Drops 13% to Ksh5.3B

Absa Bank Kenya PLC has posted a profit after tax of KSh5.3 billion and achieved a Return on Equity of 20.3% for the quarter ended

Airtel Money and Absa Kenya Partner to Boost SME Payments
Business and Economy

Airtel Money and Absa Kenya Partner to Boost SME Payments

Airtel Money and Absa Bank Kenya Partner to Streamline Payments for SMEs Nairobi, Kenya – Airtel Money, Kenya’s second-largest mobile money wallet, has announced a

Absa Considers Kenyan Bank Acquisitions Amid Regional Growth
Business and Economy

Absa Considers Kenyan Bank Acquisitions Amid Regional Growth

Absa executives recently concluded a three-day visit to Kenya, engaging with regulators and private sector representatives. The South African lender is exploring potential acquisition opportunities

Absa Kenya Restructures Leadership Amid Banking Talent Competition
Technology

Absa Kenya Restructures Leadership Amid Banking Talent Competition

Absa Group has announced changes to its executive leadership team and made a key hire from Stanbic Bank Kenya. These adjustments reflect increased competition for