Nairobi, July 16 -- Stanbic Bank Kenya has appointed a Safaricom executive, Michael Mutiga, as its chief executive, handing leadership of the lender to a banker credited with driving corporate strategy across banking, telecommunications and digital financial services.

Mr Mutiga will assume office on August 1, subject to regulatory approvals, ending a transition that has seen Abraham Ongenge serve as acting chief executive since March.

The appointment returns Mr Mutiga to mainstream banking after four years at Safaricom, where he has led business development and strategy since mid-2022 as the telecommunications giant accelerated its expansion into financial services.

Before joining Safaricom, he had spent 15 years at Citibank, rising th...