Nairobi, Oct. 4 -- When Kenya pioneered mobile-money in 2007, Sitoyo Lopokoiyit sat next to Safaricom's founding chief executive Michael Joseph at the launch of M-Pesa. At the time, he wasn't even an employee of the telecom's operator.

Today, Mr Sitoyo's name is synonymous with mobile money, which explains why the Johannesburg-based Absa picked him as its new chief executive for personal and private banking.

Published by HT Digital Content Services with permission from Business Daily....