fintech convergence

Hardly two weeks after Absa Group CEO Kenny Fihla concluded a high-level working visit to Nairobi, Kenya, the Group this week announced that it had hired Sitoyo Lopokoiyit as its new Head of Personal and Private Banking — a move that reads less like a leadership reshuffle and more like a strategic declaration. During that Nairobi visit, Fihla was unusually direct about Absa’s intentions in Kenya and the wider East African corridor. In an interview with Business Daily, he confirmed the bank was actively exploring acquisition opportunities in Kenya, signalling a renewed appetite for inorganic growth and a determination to…