Safaricom Announces Leadership Changes in its Financial Services Business

Safaricom Announces Leadership Changes Chief Financial Services Officer Esther Masese set to leave the company on 31 July 2026

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The 80th Abojani Personal Finance, Saving & Investing Masterclass is almost here.

BLOG SPOTLIGHT The 80th Abojani Personal Finance, Saving & Investing Masterclass

Join us from 10th–28th August 2026 for three weeks of practical sessions on personal finance, investing, stocks, bonds, unit trusts, SACCOs and wealth creation. Register before the end of the month to enjoy the early bird offer.

Safaricom Announces Leadership Changes

Safaricom announced a significant change to its executive leadership this week, with Chief Financial Services Officer Esther Masese set to leave the company on 31 July 2026 after more than three years leading its Financial Services division.

Esther joined Safaricom in February 2023 after senior leadership roles at KCB Group and Standard Bank, where she oversaw the continued growth of M-PESA. The company has appointed Boniface Mungania, currently Director of Public Sector Digital Transformation, as Acting Chief Financial Services Officer while it searches for a substantive replacement.

GTBank Kenya CEO Transition

Leadership changes are also underway at GTBank Kenya as Managing Director Jubril Adeniji prepares to leave the bank following a recall to the Group’s headquarters in Nigeria.

Leadership changes are also underway at GTBank Kenya as Managing Director Jubril Adeniji prepares to leave the bank following a recall to the Group's headquarters in Nigeria

The bank has commenced a 90-day transition process, noting that Adeniji leaves behind a stronger institution following improvements in governance, credit quality and operational performance that position the bank well for its next phase of growth.

GTBank Kenya CEO Transition

BAT Kenya Delivers Steady First Half Performance

BAT Kenya reported resilient first-half 2026 financial results, with gross sales increasing 3% to Ksh 18.96 billion while net revenue rose 5% to Ksh 12.27 billion.

BAT British American Tobacco Kenya Delivers Steady First Half Performance

Growth was largely supported by strong export performance and increased demand for modern oral nicotine products. The Board maintained its interim dividend at Ksh 10.00 per share.

Corporate Action at NSE Dividend Declaration BAT Kenya Delivers Steady First Half Performance

Airtel Africa Maintains Strong Growth Momentum

Airtel Africa started its new financial year strongly, reporting a 31% increase in revenue alongside continued expansion across both its telecommunications and mobile money businesses.

Q1 2027 Results Airtel Africa started its new financial year strongly, reporting a 31pc increase in revenue Airtel Africa Maintains Strong Growth Momentum

The Group also reaffirmed plans to pursue a London listing of Airtel Money in 2026, a move expected to strengthen the capital position of its rapidly growing digital financial services business.

Treasury Bills Continue to Attract Strong Investor Demand

Treasury bills remained oversubscribed this week, with the government raising Ksh 29.3 billion against an offer of Ksh 28.0 billion.

Treasury Bills Continue to Attract Strong Investor Demand

Investor demand remained strongest for the 91-day and 182-day Treasury bills, while appetite for the 364-day paper softened, suggesting that investors continue to favour shorter-duration fixed income securities despite yields remaining attractive.

I&M Foundation Expands Mangrove Restoration Programme

I&M Foundation has partnered with Furaha & Baraka Farms to accelerate mangrove restoration in Kwale County.

I&M Foundation Expands Mangrove Restoration Programme

The programme has already achieved an impressive 92% survival rate across more than 624,000 mangrove trees, with the Foundation now committing to support the planting of an additional 1.56 million seedlings before the end of 2026.

Equity Life Retirement Schemes Beat Industry Returns

Equity Life Assurance’s retirement schemes emerged among the industry’s top performers in 2025, delivering returns of 13.6% and 13.8% compared to the industry average of 10.2%.

Equity Life Retirement Schemes Beat Industry Returns

Combined assets under management have now surpassed Ksh 900 million, highlighting growing investor confidence in structured retirement savings solutions as more Kenyans prioritise long-term financial security.

Abojani X Equity Bank X-Space

One of the highlights of our week was partnering with Equity Bank for another edition of our #KnowledgeSeries X-Space, where we discussed how entrepreneurs can build sustainable businesses beyond simply accessing capital.

Abojani X Equity Bank X-Space Empowering Women Entrepreneurs Beyond Access to Capital

Key discussions focused on separating personal and business finances, maintaining proper financial records, paying yourself a salary, and borrowing responsibly.

Finance for Teens Returns in August

In partnership with the Nairobi Securities Exchange, we will host another Finance for Teens programme on 13th August 2026 at The Exchange, Westlands.

In partnership with the Nairobi Securities Exchange, we will host another Finance for Teens programme on 13th August 2026 at The Exchange, Westlands.

The workshop is designed for teenagers aged 12–17 and introduces young people to budgeting, saving, investing and responsible money management. Parents and guardians are encouraged to register early.

Looking Ahead to the 6th Abojani Economic Empowerment Conference

Preparations continue for the 6th Abojani Economic Empowerment Conference, scheduled for 21st November 2026 at Radisson Blu, Upper Hill.

Under the theme “Invest Intelligently,” the conference will bring together investors, business leaders and financial experts to discuss navigating today’s increasingly complex investment landscape.

Upcoming Events Save the Date 6th Abojani Economic Empowerment Conference

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