Absa Bank appoints Mohammed Nyaoga as new board chairman

He succeeds Charles Muchene, whose nine-year tenure as a Director and Chairman concludes on September 30, 2025. 

The bank credited Muchene for his commitment through a period of growth and resilience, noting that his leadership “has been defined by foresight, stability, and purpose.”

With 40 years of experience in legal practice, Mr. Nyaoga is recognized as one of Kenya’s leading corporate governance experts. 

He has previously chaired the Central Bank of Kenya, Ecobank Kenya, and the International Monetary Fund (IMF) External Experts Panel in Washington. 

He currently chairs the African Development Bank Group’s Disclosure and Access to Information Appeals Panel and holds the Presidential honor of the Elder of the Order of the Burning Spear (EBS).

In his farewell remarks, Mr. Muchene congratulated his successor and reflected on his tenure.

“It has been a privilege for me to lead the Bank through a period of change, growth and resilience, during which we have achieved significant progress in our strategic ambitions and resolutely pursued our purpose of empowering Africa’s tomorrow, together, one story at a time,” Muchene said.

Mr. Nyaoga expressed gratitude for his appointment and pledged to build on the foundation laid by his predecessor.

Mr. Nyaoga officially takes office on October 1, 2025.