Absa Group appoints Kenny Fihla as Group Chief Executive Officer 

Absa Group has appointed Kenny Fihla as its new Group Chief Executive Officer, a move anticipated to steer the bank through its next phase of growth. Fihla, who previously held the position of CEO for Absa’s Corporate and Investment Banking division, brings over 20 years of experience within the financial sector. His appointment comes at a crucial time when Absa aims to enhance its market position and drive innovation in banking services across Africa.

Fihla succeeds Daniel Mminele, who stepped down after leading the group through significant transformation efforts amidst challenging market conditions. The decision was made following an extensive search process that prioritized candidates with a deep understanding of both local and global banking landscapes.

In his new role, Fihla is expected to leverage his expertise to foster a culture of excellence and inclusivity within Absa while addressing customer needs more effectively. As he steps into this leadership position, stakeholders are optimistic about his vision for sustainable growth and value creation in an ever-evolving financial environment.