Absa Bank Kenya has appointed Mohammed Nyaoga as the new Chairman of its Board of Directors, effective October 1, 2025.
Nyaoga takes over from Charles Muchene, whose nine-year tenure as a Director and Chairman of the Board will end on September 30, 2025.
“Absa Bank Kenya PLC (Absa Kenya) is pleased to announce the appointment of Mr. Mohammed Nyaoga, EBS, SC, as the Chairman of its Board of Directors, effective 01 October 2025.
“He succeeds Mr. Charles Muchene, whose tenure as a Director and Chairman of the Board will end on 30th September 2025, having served his full nine-year term,” Absa said in a statement.
The bank expressed confidence that Nyaoga will strengthen its governance framework and guide the strategic direction of the entity.
“We are confident that together with the highly dynamic Board and vibrant Management team, Mr. Nyaoga will strengthen the Bank’s governance and steer its strategic direction as we navigate a complex and dynamic operating environment and pursue our purpose of empowering Africa’s tomorrow, together, one story at a time,” Absa stated.
Nyaoga is a seasoned lawyer with more than 40 years of experience in corporate finance, civil, commercial litigation, and corporate governance.
He previously served as the Chairman of the Central Bank of Kenya (CBK), Chairman of EcoBank Kenya, and Chairman of the International Monetary Fund (Washington) External Experts Panel.
Nyaoga currently serves as the Chairman of the African Development Bank Group’s Disclosure and Access to Information Appeals Panel.
The new Absa board chair is also a certified director and corporate governance training consultant for over 22 years, and has trained several boards in Kenya and globally.
“He has been a regular trainer and speaker at Central Banking Publications (UK) Governance Training Series at Windsor, Cambridge, and Oxford, and for the International Monetary Fund (IMF) in their regional corporate governance capacity building training forums,” Absa added.
Nyaoga boasts LLB and LLM degrees from the University of Nairobi. He also holds a Postgraduate Diploma from the Kenya School of Law and certification as a Certified Public Secretary (CPS).
Further, the bank paid tribute to Muchene, praising his visionary leadership over the past nine years.
“During his tenure, Mr. Muchene has steered the Bank through defining moments that have not only created strong business growth but also enhanced organizational resilience, evolving Absa into a formidable financial institution that is well positioned for long-term sustainability,” The bank stated.
The appointment of Nyaoga comes barely two months after he joined the board of Absa Bank Kenya as an independent non-executive director.
“The Board of Directors of Absa Bank Kenya PLC is pleased to announce the appointment of Mohammed Nyaoga, EBS, SC, as an Independent Non-Executive Director, effective 01 August 2025,” the bank announced in July.
