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Absa Kenya spends Sh717m on voluntary staff exits
Absa Bank Kenya Managing Director and CEO Abdi Mohamed (right) and Chief Finance Officer Yusuf Omari interact during the release of the Bank’s 2025 annual financial results on March 4, 2026.
Photo credit: Wilfred Nyangaresi | Nation Media Group
Absa Bank Kenya spent Sh717 million on voluntary separation with 82 of its employees in January this year, joining peers who have rolled out similar schemes amid accelerated use of technology across the banking sector.
The lender revealed that the voluntary exit programme was completed at the end of January 2026, and was not reflected in the staff numbers for the year ended December 2025.
