Absa taps M-Pesa CEO Sitoyo Lopokoiyit for Africa banking role

M-PESA Africa CEO Sitoyo Lopokoiyit will take charge of Absa Group’s retail and private banking operations across the continent from April 1, 2026.

Photo credit: File | Nation Media Group

Absa Group has appointed Sitoyo Lopokoiyit to head its private and personal banking business unit across Africa, effective April 1, 2026.

Mr Lopokoiyit has been the chief executive officer of M-Pesa Africa and previously the chief financial officer at Safaricom, where he led the strategy and growth of Africa’s largest fintech platform.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.