Hours after Absa Bank Kenya announced the departure of chief executive Abdi Mohamed after a 32-year career at the lender, rival I&M Group named him as the next CEO of its Kenyan banking business.
The appointment, subject to CBK approval, sees I&M recruit the sitting chief executive of a larger rival, an unusual move in Kenya’s tightly knit banking sector.
Mohamed joins I&M from Absa Bank…
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