A Mobile Money CEO Takes Over Retail? What Is Absa Actually Doing ?
One of the ways I tend to deduce the strategy of an organization is to observe who they hire, so when Absa Group appointed Sitoyo Lopokoiyit, CEO of M-PESA Africa, to lead its Personal and Private Banking operations across the continent, effective April 1, 2026. a continental role spanning both personal and private banking. And hiring someone who built Africa’s largest everyday, money ecosystem rather than a traditional banker signals something fundamental: retail banking in Africa is being re, architected around daily transaction flows, not product, led strategies. I was intrigued about what that meant for Absa strategic direction .
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