Absa Bank Kenya PLC has confirmed the appointment of Mohammed Nyaoga, EBS, SC, as Chairman of its Board of Directors, effective 1 October 2025.
His appointment follows the scheduled departure of Charles Muchene, who steps down on 30 September after completing a full nine-year term at the helm.
Nyaoga assumes the role with more than 40 years of experience in legal practice and corporate governance, having held leadership positions across Kenya’s financial and regulatory institutions. His previous roles include Chairperson of the Central Bank of Kenya, EcoBank Kenya, and the IMF External Experts Panel in Washington. He currently serves as Chair of the African Development Bank Group’s Disclosure and Access to Information Appeals Panel.
Recognised with the Elder of the Order of the Burning Spear (EBS) for his service to the nation, Mr. Nyaoga is also a certified director and corporate governance consultant. He has trained boards across Kenya and internationally, including sessions at Windsor, Cambridge, Oxford, and IMF regional forums.
“I am honoured to assume the role of Chairman of the Board of Absa Bank Kenya PLC,” Mr. Nyaoga said. “I look forward to working with fellow Board members and the Management team to advance our strategic priorities and deliver sustainable value to our stakeholders.”
Absa Kenya paid tribute to Mr. Muchene’s leadership, citing his role in guiding the bank through transformative milestones and strengthening its long-term resilience.
“His Chairmanship is marked by foresight, stability, and purpose,” the bank noted in a statement.
Mr. Muchene reflected on his tenure, saying:
“It has been a privilege to lead the Bank through a period of change, growth and resilience… I am confident that the Bank is strategically placed to continue its growth trajectory into the future.”
The leadership transition comes at a time of evolving financial dynamics, with Absa Kenya positioning itself for continued innovation, governance excellence, and regional competitiveness.
