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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 African lender accelerates its pan-African growth strategy. The move, first reported by South African business publication Business Day, has now secured regulatory approval from the South African Reserve Bank, clearing the way for Lopokoiyit to assume the role in April. His appointment is notable on several fronts. He becomes the first non-South African to lead Absa’s Personal and Private Banking unit, one of the group’s largest and most…
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When Kenny Fihla walked onto the stage at the B20 Summit in Johannesburg, there was a sense that the room was bracing for more than a corporate address. As the Group Chief Executive Officer of Absa Group, one of Africa’s most influential financial institutions, he arrived with a message that felt both urgent and momentous. Africa, he argued, is standing at a rare inflexion point, one shaped by shifting global dynamics and the continent’s own emerging strengths. And if the room expected a predictable speech filled with familiar development clichés, they quickly realised they were in for something different. Fihla…
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