Absa Group has appointed Sitoyo Lopokoiyit C.B.S as Chief Executive for Personal and Private Banking, effective 1 April 2026, reinforcing the bank’s commitment to customer-centric innovation and accelerated growth across its retail and affluent segments. The move signals Absa’s strategic intent to strengthen its integrated financial solutions offering at a time when competition across Africa’s banking and fintech landscape continues to intensify.
Lopokoiyit joins Absa following a transformative tenure as Managing Director of M-PESA Africa, where he played a pivotal role in scaling one of the continent’s most influential fintech platforms. Over more than a decade in digital financial services leadership, he helped expand M-PESA’s footprint to over 56 million customers and more than 5 million businesses. His leadership oversaw major innovations including the M-PESA Super App, Fuliza, and integrations with global payment platforms such as PayPal and Alipay, significantly advancing financial inclusion at scale.
With a career spanning financial services, telecommunications, digital platforms, and large-scale business transformation, Lopokoiyit brings deep expertise in building ecosystems that bridge traditional banking and digital finance. Since joining Safaricom PLC in 2011 as Head of M-PESA Strategy and Business Development, he has held several senior roles across Safaricom and Vodacom, including Director of M-Commerce at Vodacom Tanzania Plc and Chief Financial Services Officer at Safaricom PLC. His impact on reshaping financial services earned him international recognition, including induction into the 11:FS Hall of Fame.
Absa Group CEO Kenny Fihla noted that the appointment aligns with the bank’s long-term strategic priorities of delivering integrated, customer-centric solutions while unlocking new growth opportunities. Alongside Lopokoiyit’s appointment, Absa announced additional leadership changes aimed at strengthening governance and organisational resilience, including the expansion of the Group Chief Governance Officer role and key appointments across internal audit and compliance functions. These changes underscore the bank’s focus on strong governance, succession planning, and future-fit leadership.
The leadership updates come at a critical time as banks across Africa accelerate investments in digital transformation, platform banking, and enhanced customer experiences to compete with agile fintech and mobile money operators. By bringing in proven digital finance leadership and reinforcing its governance framework, Absa is positioning itself to deepen customer engagement, drive innovation in Personal and Private Banking, and deliver sustainable growth in an increasingly digital financial ecosystem.
Sitoyo Lopokoiyit Appointed as Retail, Private Banking Lead at ABSA Group
Sun King Unveils First Branded Smartphone, EZ1
Sun King has officially launched EZ 1, its first-ever Sun King–branded smartphone, marking a significant milestone in the company’s journey from powering homes to powering digital connection. Designed specifically for the Kenyan market, EZ 1 delivers a smooth and reliable smartphone experience for customers who want to stay connected, work smarter, and participate fully in today’s digital economy. The device is assembled locally at Sun King’s newly launched manufacturing facility in Kenya, reinforcing the company’s commitment to local production, job creation, and accessible technology.
Built for everyday life, EZ 1 combines performance, durability, and affordability. With 4 GB RAM plus 4 GB VRAM, 128 GB storage expandable to 256 GB, and a large 6.56” HD+ display, the smartphone enables smooth scrolling, fast app switching, and seamless multitasking. It is designed to support essential digital activities such as WhatsApp communication, video streaming, mobile money transactions, online business management, and content creation. Its 13 MP rear camera and 8 MP front camera with low-light mode ensure clear photos and video calls, even in dim conditions, making it ideal for both personal use and small business visibility.
Battery reliability, one of the biggest challenges for smartphone users in Kenya, has been addressed with a powerful 5000 mAh battery offering over 12 hours of video playback or up to 60 hours of regular use. Security and durability are equally prioritized, with facial recognition, fingerprint unlock, and a pre-installed screen protector included from day one. Every feature of EZ 1 reflects thoughtful engineering aimed at delivering a dependable, secure, and long-lasting device for hardworking customers.
Affordability remains central to the EZ 1 proposition. Available from KES 60 per day through Sun King’s EasyBuy financing model, the smartphone removes the barrier of high upfront costs and opens access to first-time buyers and budget-conscious customers. The flexible payment structure mirrors the company’s proven solar financing approach, which has already enabled one in five Kenyans to access affordable solar power. EZ 1 extends this model into digital connectivity, ensuring that payments are manageable and transparent.
With nationwide availability through Sun King’s agent network and in-person demos across Kenya, EZ 1 represents more than a device launch; it signals a broader mission to bridge the digital divide. By combining local manufacturing, accessible financing, strong performance, and trusted service, Sun King continues to empower households and entrepreneurs with the tools they need to communicate, grow income, access education and services, and thrive in a connected economy.
Equity’s James Mwangi Named Among World’s Top Development Influencers
Equity Bank Limited Group Managing Director and Chief Executive Officer James Mwangi has been named to Devex’s 2026 Power 50 list, recognizing the world’s most influential figures shaping global development. The listing places Mwangi among a select group of leaders influencing policy direction, financing flows, and institutional priorities during a period of significant change in international development.
Devex highlighted Mwangi’s role in transforming Equity from a local Kenyan lender into a regional financial services group serving more than 22.2 million customers. His leadership has consistently emphasized private-sector-led growth as a key driver of sustainable development, particularly at a time when traditional donor funding is under pressure and new development models are emerging.
The recognition also points to Equity’s expanding impact across critical areas including support for small and medium-sized enterprises, digital transformation, climate-related initiatives, and the development of digital public infrastructure. These efforts reflect a broader strategy focused on building resilient economies through access to finance, innovation, and locally driven enterprise growth.
According to Devex, Mwangi has emerged as a prominent voice advocating for Africa’s development to be shaped by local capital formation, stronger regional value chains, and scaled private enterprise. Through Equity’s Africa Recovery and Resilience Plan, he has helped reframe conversations around how development outcomes can be achieved in a post-aid era.
Mwangi’s inclusion places him alongside global leaders from multilateral institutions, governments, and technology-driven organizations, underscoring the growing influence of African business leaders in global development discourse. The recognition highlights the increasing role of the private sector in redefining development pathways and advancing inclusive, long-term economic growth.
Dr.Martin Otieno Appointed as Non-Executive Director at Sanlam Allianz Kenya
@Sanlam Allianz Kenya has announced the appointment of Dr. Martin Oduor-Otieno, PCC as an Independent and Non-Executive Director, reinforcing the company’s commitment to strong governance, strategic oversight, and experienced leadership at board level. The appointment was confirmed in a notice dated February 10, 2026, citing his extensive background in business leadership, governance, and public service.
Dr. Otieno brings a distinguished corporate leadership profile, currently serving as the Founder and CEO of The Leadership Group Limited (K), a firm focused on leadership development and governance advisory. He also holds the role of Group Chairman at East African Breweries PLC (EABL), while sitting on the boards of BAT Kenya PLC and the Africa Enda Foundation, and serving as Chancellor of KCA University.
His professional journey includes deep experience in the financial services sector, most notably as Chief Executive Officer of KCB Bank Group between 2007 and 2012. During this period, the bank expanded its regional footprint and strengthened its operational and governance structures. Earlier roles at KCB, Barclays Bank in Kenya and South Africa, and BAT Kenya further shaped his expertise in finance and executive leadership.
Beyond the private sector, Dr. Otieno has played a key role in public service, serving as Permanent Secretary at the National Treasury from 1999 to 2001, where he contributed to critical public finance and economic reforms. He also served for nine years on the boards of Standard Bank Group and Standard Bank of South Africa, completing his tenure in 2025, underscoring his regional influence in corporate governance.
Dr. Otieno’s academic and professional credentials include an Honorary Doctor of Business Leadership, an Executive MBA, and executive training from Harvard Business School. A Professional Certified Coach and recipient of the Chief of the Order of the Burning Spear for national service, his appointment signals added depth to the Sanlam Allianz Holdings Kenya board as the company continues to strengthen leadership and long-term strategic direction.
CFAO Mobility Kenya Invests KSH 48.5M in WRC Safari Rally
CFAO Mobility Kenya has committed KSh 48.5 million to support the 2026 edition of the Safari Rally Kenya, reinforcing its long-term support for one of Africa’s most iconic motorsport events. The rally, part of the World Rally Championship calendar, is widely known for its demanding terrain and unpredictable weather conditions, making it one of the most challenging and celebrated rounds in the global rally series.
With this latest investment, CFAO Mobility Kenya’s cumulative contribution to the Safari Rally now exceeds KSh 153 million over the past six years. The company, which distributes Toyota vehicles in Kenya, continues to play a key role in supporting motorsport development in the country. Toyota has historically been one of the most successful manufacturers in the championship through the Toyota Gazoo Racing WRT team.
Beyond event sponsorship, part of the funding will support long-term motorsport development initiatives to expand local participation in rally driving. This includes strengthening the Safari Rally Training School and partnering with Botterill Motor Sport from South Africa to design a comprehensive rally training curriculum that prepares emerging drivers for competitive motorsport.
The program also includes the development of two rally-spec Toyota Starlet Rally5 cars built to international standards set by the FIA – Fédération Internationale de l’Automobile (FIA). Developed locally with contributions from Kenyan engineers and technicians, the vehicles will be used for professional driver training. Additionally, a prototype “Cross Car” is being developed to provide an entry-level rally platform for junior competitors aged between 12 and 17.
Operational support during the rally will also be part of the sponsorship, with vehicles such as the Toyota Hilux serving as safety inspection cars before competitors begin each stage. Since its return to the WRC calendar in 2021 after nearly two decades, the Safari Rally has attracted global attention for its challenging stages across Kenya’s Rift Valley and its role in revitalizing the country’s motorsport ecosystem.
Communication Authority Donates Computers to Bridge Digital Divide
The Communications Authority of Kenya has donated computers to Gitunduti Comprehensive School in Nyeri County as part of its Corporate Social Responsibility and Investment (CSRI) initiative aimed at bridging the digital divide in learning institutions. The initiative reflects the Authority’s ongoing commitment to ensuring that students across the country, regardless of their geographical location, have access to digital tools that can equip them with essential 21st-century skills.
The handover event was presided over by Paul Mureithi, Board Director at the Communications Authority, who emphasized the organization’s focus on expanding digital access and empowering young learners. The donation is expected to significantly enhance digital learning at the school by enabling students to interact with technology, build computer literacy, and participate more effectively in Kenya’s evolving digital economy.
Beyond the equipment donation, the event also featured an educational session introducing pupils to the Authority’s Child Online Protection (COP) Program. Through the program, students were guided on how to navigate the internet responsibly, recognize online risks such as cyberbullying and online grooming, and understand how to respond to harmful or suspicious digital content.
The initiative further included the distribution of Information, Education and Communication (IEC) materials designed to reinforce digital safety awareness among students. By combining technology access with online safety education, the event effectively transformed into a practical technology and digital safety learning experience for the learners.
In addition to advancing digital inclusion, the Authority also contributed to environmental sustainability by planting trees within the school compound in support of the national Greening Kenya Initiative. The initiative aims to plant 15 billion trees by 2032 and reflects a broader effort to align education, technology access, and environmental responsibility in building a sustainable future for Kenya.
Dr. Martin Otieno Appointed as Non-Executive Director at Sanlam Allianz Kenya
@Sanlam Allianz Kenya has announced the appointment of Dr. Martin Oduor-Otieno, PCC as an Independent and Non-Executive Director, reinforcing the company’s commitment to strong governance, strategic oversight, and experienced leadership at board level. The appointment was confirmed in a notice dated February 10, 2026, citing his extensive background in business leadership, governance, and public service.
Dr. Otieno brings a distinguished corporate leadership profile, currently serving as the Founder and CEO of The Leadership Group Limited (K), a firm focused on leadership development and governance advisory. He also holds the role of Group Chairman at East African Breweries PLC (EABL), while sitting on the boards of BAT Kenya PLC and the Africa Enda Foundation, and serving as Chancellor of KCA University.
His professional journey includes deep experience in the financial services sector, most notably as Chief Executive Officer of KCB Bank Group between 2007 and 2012. During this period, the bank expanded its regional footprint and strengthened its operational and governance structures. Earlier roles at KCB, Barclays Bank in Kenya and South Africa, and BAT Kenya further shaped his expertise in finance and executive leadership.
Beyond the private sector, Dr. Otieno has played a key role in public service, serving as Permanent Secretary at the National Treasury from 1999 to 2001, where he contributed to critical public finance and economic reforms. He also served for nine years on the boards of Standard Bank Group and Standard Bank of South Africa, completing his tenure in 2025, underscoring his regional influence in corporate governance.
Dr. Otieno’s academic and professional credentials include an Honorary Doctor of Business Leadership, an Executive MBA, and executive training from Harvard Business School. A Professional Certified Coach and recipient of the Chief of the Order of the Burning Spear for national service, his appointment signals added depth to the Sanlam Allianz Holdings Kenya board as the company continues to strengthen leadership and long-term strategic direction.
Paratus Launches Key Fibre Link Connecting Kenya and DRC
Paratus Group has officially activated a new 2,000 km terrestrial fibre route linking Mombasa to Goma, creating a high-capacity digital corridor between Kenya and the eastern Democratic Republic of Congo. The Goma-to-Mombasa (G2M) route represents a major infrastructure milestone, strengthening regional connectivity and positioning East Africa as a critical gateway for cross-border digital traffic.
The protected route traverses key regional capitals including Nairobi, Kampala, and Kigali, integrating directly into major data centres along the way. By providing a resilient alternative to existing infrastructure and already carrying live wholesale traffic, the network significantly enhances reliability, performance, and redundancy for operators and enterprises across the region.
The launch marks a strategic expansion of Paratus’s footprint in East Africa. Through its licensed subsidiaries in Kenya, Uganda, and Rwanda, the group now offers seamless end-to-end connectivity across the East African Community, enabling businesses to operate more efficiently across borders with consistent service quality.
Local partnerships have played a critical role in delivering the project, with collaborations including MoveOn Telecoms in Kenya and Roke Telkom in Uganda. The terrestrial fibre backbone also complements Paratus’s Low Earth Orbit satellite capabilities, extending high-speed connectivity to remote and underserved areas while reinforcing overall network resilience.
The G2M route interconnects with Paratus’s wider East–West fibre backbone stretching from Mozambique to Namibia, linking at the Atlantic coast to the Equiano subsea cable and providing low-latency access to Europe. As demand accelerates for enterprise-grade cloud, cybersecurity, and managed network services, Paratus is positioning itself as a key enabler of modern commerce through robust, continent-spanning digital infrastructure.
Safaricom Introduces Ziidi Trader Expanding Retail Access to Markets
Safaricom PLC has unveiled Ziidi Trader, a mobile-based share trading platform embedded within the M-PESA app, marking a major shift in how Kenyans access the capital markets. The platform enables users to buy and sell shares listed on the Nairobi Securities Exchange PLC directly through M-PESA and USSD, effectively lowering long-standing barriers that have limited retail participation in securities trading.
By removing the requirement for individual Central Depository System accounts, Ziidi Trader simplifies entry into the stock market for first-time and small-scale investors. Trades are executed through a pooled omnibus account managed by Kestrel Capital (EA) Ltd, a structure designed to reduce friction, speed up execution, and support small-ticket transactions while maintaining regulatory oversight
The initiative reflects Safaricom’s evolution from a payments-focused service into a broader digital financial ecosystem. According to the company, the launch follows significant investments in transforming M-PESA Africa into a cloud-native, AI-enabled platform that enhances fraud detection, reliability, and scalability, providing a secure foundation for more advanced financial services such as investments and wealth creation.
Market participants and regulators see Ziidi Trader as a potential catalyst for reversing declining retail participation at the NSE, particularly among younger and first-time investors. By integrating trading, payments, portfolio tracking, and real-time market data into a single, familiar mobile interface, the platform aligns with changing consumer behaviour and growing demand for accessible digital investment tools.
Safaricom leadership and government stakeholders have framed the launch as part of a wider effort to democratise access to financial markets and expand wealth creation opportunities across the country. The rollout, undertaken in collaboration with the Capital Markets Authority – Kenya, the NSE, CDSC, and industry partners, signals a significant step toward a more inclusive, participatory, and digitally driven capital markets ecosystem in Kenya.
Kenya Tops Global Rankings as World’s Most Active Online
Kenya has been ranked as the world’s most active country on social media, reinforcing its reputation as a global hub for online conversation, trends, and digital engagement. According to a new report by Players Time, the average Kenyan spends about 5 hours and 10 minutes per day on social media platforms, placing the country ahead of major economies such as the United States and China in daily online activity.
The report highlights how Kenya leads a global ranking where the Philippines follows closely, while Brazil and Nigeria tie for third place and South Africa ranks fourth. In contrast, users in the United States average just under three hours daily, while China and Japan record significantly lower engagement levels. These figures underline a clear shift in how emerging markets, particularly in Africa, are shaping global digital consumption patterns.
Globally, Meta remains the most widely used platform with over 3 billion monthly users, followed closely by Instagram and WhatsApp. Platforms such as YouTube and TikTok also command massive audiences, with TikTok standing out for its high daily engagement, especially among younger users. The data shows that while TikTok has a smaller overall reach than Facebook, users spend more time on it daily, signalling changing preferences toward short-form, immersive content.
The report also reveals demographic trends, showing that men slightly outnumber women on social media overall, particularly on discussion and gaming-focused platforms, while women are more dominant on visually driven networks. Kenya’s leading position reflects not only high smartphone penetration but also the country’s strong culture of digital interaction, positioning it as a key market for brands, creators, and platforms looking to engage highly active online audiences.
