Nairobi, Sept. 10 -- Absa Bank Kenya has appointed its long-serving chief financial officer (CFO) Yusuf Omari as its new chief executive, replacing Abdi Mohamed who left abruptly in June to join the smaller I&M Bank Limited in the same role.

Mr Omari was appointed CFO of Absa -then trading as Barclays Kenya- on July 23, 2009 and has on multiple occasions held the top job in an acting capacity as former leaders left to join other institutions.

He had held the top job on an interim basis since July 1 in the wake of Mr Mohamed's exit. Mr Omari also led Absa temporarily from November 1, 2022 -following the departure of Jeremy Awori- until April 30, 2023. Mr Abdi took the job on May 1, 2023.

Mr Awori left to lead Togo-based Ecobank Transnat...