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TodayWednesday, May 06, 2026

Absa Group

Saviour Chibiya, Regional Chief Executive, Absa Group, addresses staff during a town hall meeting with Absa Bank Uganda employees at the Kampala Sheraton Hotel this week. During his visit to Uganda, Chibiya emphasised Absa’s ambition to become the “bank of choice for economic development” across the markets where it operates.
Saviour Chibiya, Regional Chief Executive, Absa Group, addresses staff during a town hall meeting with Absa Bank Uganda employees at the Kampala Sheraton Hotel this week. During his visit to Uganda, Chibiya emphasised Absa’s ambition to become the “bank of choice for economic development” across the markets where it operates.

“We Want to Be the Bank of Choice for Economic Development”: Saviour Chibiya on Absa’s Strategic Bet on East Africa 

Over the past year, Absa Group has been hard to miss in East Africa. From boardroom visits and executive engagements to high-profile financing deals and infrastructure transactions, the bank has steadily increased
March 13, 2026
Standard Bank’s Sim Tshabalala, Absa Group’s Kenny Fihla, MTN Group CEO Ralph Mupita, SanlamAllianz’s Heinie Werth, Nedbank Group’s Jason Quinn, and Old Mutual’s Jurie Strydom represent more than individual corporate leaders. Collectively, they sit at the helm of institutions controlling hundreds of billions of dollars in assets, deposits, premiums, and market capitalisation across Africa. Their strategic decisions influence capital flows, credit creation, insurance penetration, and digital finance ecosystems across multiple markets. As they pivot attention toward East Africa, they are not merely expanding footprints; they are reshaping regional banking, telecom, insurance, and investment architecture for the next phase of continental growth.
Standard Bank’s Sim Tshabalala, Absa Group’s Kenny Fihla, MTN Group CEO Ralph Mupita, SanlamAllianz’s Heinie Werth, Nedbank Group’s Jason Quinn, and Old Mutual’s Jurie Strydom represent more than individual corporate leaders. Collectively, they sit at the helm of institutions controlling hundreds of billions of dollars in assets, deposits, premiums, and market capitalisation across Africa. Their strategic decisions influence capital flows, credit creation, insurance penetration, and digital finance ecosystems across multiple markets. As they pivot attention toward East Africa, they are not merely expanding footprints; they are reshaping regional banking, telecom, insurance, and investment architecture for the next phase of continental growth.

South Africa’s capital is moving north-east, and East Africa is increasingly the preferred landing strip

South African capital, long dominant in Southern Africa and deeply embedded across the continent, is now moving decisively north-east. Kenya, Uganda, Tanzania, and Rwanda are no longer peripheral growth outposts. They are
February 13, 2026
Sitoyo Lopokoiyit will step down as CEO of M-PESA Africa on 31 March 2026, closing a transformative chapter that saw the platform expand across eight African markets and evolve into a fully integrated fintech ecosystem.

Absa Group Appoints M-PESA Africa CEO Sitoyo Lopokoiyit as Head of Personal and Private Banking

Absa Group has confirmed the appointment of M-PESA Africa chief executive Sitoyo Lopokoiyit as the new head of its Personal and Private Banking division, marking a significant leadership move as the South
February 11, 2026
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A photo montage of Absa’s David Wandera and Standard Chartered Bank’s Sanjay Rughani. Absa’s acquisition of Standard Chartered’s retail and wealth business reshapes Uganda’s banking sector, boosting deposits, expanding assets, and strengthening retail depth as regulators begin reviewing one of the industry’s most significant restructurings.
A photo montage of Absa’s David Wandera and Standard Chartered Bank’s Sanjay Rughani. Absa’s acquisition of Standard Chartered’s retail and wealth business reshapes Uganda’s banking sector, boosting deposits, expanding assets, and strengthening retail depth as regulators begin reviewing one of the industry’s most significant restructurings.

Absa–Standard Chartered Wealth and Retail Business Acquisition Deal Enters Regulatory Review as Sector Impact Becomes Clear

Less than a year after Standard Chartered announced its plan to exit its Wealth and Retail Business (WRB) segment, the long-anticipated transfer to Absa Uganda has entered a decisive phase. On 24
November 21, 2025
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