Nairobi: Absa Bank Kenya PLC has announced the appointment of Mr. Mohammed Nyaoga as the new Chairman of the Board of Directors, effective 01 October 2025. He will succeed Mr. Charles Muchene, who is concluding his nine-year tenure on 30 September 2025.
According to Kenya News Agency, Mr. Nyaoga brings over 40 years of experience in legal practice, specializing in Corporate Finance, Civil and Commercial Litigation, and Corporate Governance. He has held senior leadership roles in both the public and private sectors, including serving as Chairman of the Central Bank of Kenya, EcoBank Kenya, and the International Monetary Fund's External Experts Panel in Washington.
Mr. Nyaoga is currently the Chairman of the African Development Bank Group's Disclosure and Access to Information Appeals Panel. He is also recognized for his service to the nation, having been awarded the Presidential Award of the Elder of the Order of the Burning Spear (EBS).
As a certified director and corporate governance training consultant for over two decades, Mr. Nyaoga has trained various boards in Kenya and globally. He has been a regular speaker at the Central Banking Publications (UK) Governance Training Series, as well as for the International Monetary Fund's regional corporate governance capacity-building forums.
In a statement, Absa Kenya expressed gratitude to Mr. Muchene for his dedication and leadership over the past nine years, highlighting his role in fostering business growth and organizational resilience. His tenure is noted for its foresight and stability, significantly contributing to Absa's evolution into a strong financial institution.
Mr. Muchene congratulated Mr. Nyaoga on his appointment, reflecting on his own tenure as a period of change and growth. He expressed confidence in the bank's future trajectory and extended his gratitude to his colleagues for their support.
Mr. Nyaoga, in his remarks, expressed his honor in taking on the role of Chairman and thanked the Board for their trust. He emphasized the importance of navigating the evolving financial landscape and committed to advancing Absa's strategic priorities to deliver sustainable value.
Absa Bank Kenya extended its appreciation to Mr. Muchene and welcomed Mr. Nyaoga as he steps into his new role.