Browsing: jeremy awori

Newly appointed Guinness Nigeria Plc CEO John Musunga. www.theexchange.africa

For the full year ended June 30, 2022, EABL reported EABL delivered its highest profit in five years of US$15.6 million, up 124 per cent.

EABL navigated rising inflation and increase in excise taxes through strategic pricing and effective cost management to post impressive figures.

Prior to his role at KBL, Musunga had a highly successful career at GSK working at senior levels in Eastern Africa, Southern Africa, and Europe.

Among other industry roles, he served as a Non-Executive Director for the Vision 2030 Board in Kenya, chaired the Kenya Association of Pharmaceuticals Industry and the Kenya HIV/AIDS Business Council.…

Since he was appointed CEO of Absa in February 2013, he has led the lender’s seamless transition from Barclays Bank Kenya.

“I am delighted to have led Absa Kenya to great commercial milestones while making a contribution to our society over the last decade. I am optimistic that Absa will reach greater heights in the future,” Awori remarked upon leaving Absa.

Awori also served as the Kenya Bankers Association’s chairman for a year, from June 2013 to July 2014.

Before being appointed as Absa’s Chief Executive Officer, he was the CEO of Standard Chartered Tanzania from 2008 to 2013, rising from the bank’s sales director of Middle East, South Asia and Africa.…

  • Absa Bank Kenya has announced the exit of its CEO Jeremy Awori after nearly ten years of service
  • Commenting on Awori’s tenure, the board credited him for outstanding leadership, service and contribution
  • Absa revealed that Awori has decided to pursue a career opportunity outside the Absa Group

Jeremy Awori, Absa Kenya’s long-serving CEO, is leaving the bank.

On September 8, 2022, the Board of Absa Bank Kenya PLC announced that Awori is leaving the company after nearly 10 years of service.

Commenting on Awori’s tenure, the board credited him for outstanding leadership, service and contribution.

Absa revealed that Awori has decided to pursue a career opportunity outside the Absa Group. As such, the CEO will be stepping down as CEO & Managing Director of Absa Bank Kenya PLC on 31 October 2022.

The board’s Chair Charles Muchene said Awori has been instrumental in driving significant growth and transformation of the …

  • Chief executive officers (CEOs) of listed banks in Kenya took home Sh 1.4 billion in 2021
  • Co-operative Bank CEO Gideon Muriuki was the highest earner during the period under review
  • Former Kenya Commercial Bank (KCB) CEO Joshua Oigara was placed second behind Muriuki with compensation of Sh368.5 million
In the financial year ended December 31, 2021, the banking sector in Kenya registered a growth of pre-tax profit of 78.5 per cent.
The Central Bank of Kenya’s Bank Supervision Annual Report 2021 revealed the sector’s assets grew from KSh 5.4 trillion in December 2020 to KSh 6.0 trillion in December 2021, representing an 11.4 per cent increase.
The report revealed that customer deposits grew from Sh 127.2 billion in 2020 to Sh 136.3 billion as of December 2021.
According to The Standard, chief executive officers (CEOs) of listed banks in Kenya took home Sh 1.4 billion in 2021.
The top earners:
  • ABSA Bank Kenya has a posted a 22 per cent rise in its profit after tax for the quarter ending in March 31, 2022 
  • The bank attributed the performance to improving macroeconomic conditions compared to the same period last year
  • The bank added that its investment in new businesses is bearing fruit with bancassurance, asset management and financial markets products contributing significantly to income growth 

Kenya’s Absa Bank has posted a 22 per cent rise in its Profit after Tax to hit KSh 3 billion for the quarter ending 31 March 2022.

In a statement seen by The Exchange Africa, the Kenyan lender said all its business units remained profitable, registering growth on crucial lines in the period.

During the period under review, total income grew by 12 per cent to KSh 9.9 billion, primarily driven by higher net interest income, which went up by 15 per cent year