Absa Bank Kenya PLC announced the appointment of Catherine Adeya as an Independent Non-Executive Director, effective June 25, 2026.
In a notice on June 25, the bank’s Board of Directors said Dr. Adeya brings more than 20 years of experience in governance, technology, and development, having worked across academia, civil society, public institutions, and the private sector.
“Dr. Adeya is a seasoned professional with over 20 years of experience in governance, technology and development. She has rich experience across academia, civil society, public and private sector” stated Absa Bank.
Profile of Catherine Adeya
According to the Absa Bank, Adeya has held senior leadership positions at several prominent organizations, including the World Wide Web Foundation, iLabAfrica-Strathmore University, and the Konza Technopolis Development Authority (KoTDA).
Also Read: Ecobank Kenya Appoints Flora Mutahi, a Woman of Firsts
The board noted that her extensive expertise will be valuable as the bank navigates an increasingly dynamic and complex financial environment.
Catherine Adeya currently serves as an Independent Non-Executive Director on the boards of Old Mutual East Africa Holdings and the Internet Corporation for Assigned Names and Numbers (ICANN). She also sits on the advisory board of the East Africa Infrastructure Platform (EAIP).
Her previous board experience includes serving as an Independent Non-Executive Director at the Kenya ICT Board (now the ICT Authority of Kenya) and Standard Chartered Bank Kenya. She is also a Chartered Director of the UK’s Institute of Directors (IoD).
Academically, Catherine Adeya holds a Doctor of Philosophy (PhD) in Information and Development from the University of Edinburgh in the United Kingdom and a Bachelor of Science (BSc Hons) in Information Sciences from Moi University.
She has also completed executive education programmes in Women’s Leadership at Yale University, as well as Cybersecurity and Executive Strategy at Stanford University.
The Board welcomed Dr. Adeya to Absa Bank Kenya, expressing confidence that her strategic insight and leadership will support the lender’s mission of empowering Africa’s future.
“The Board extends a warm welcome to Dr. Adeya and looks forward to her strategic insight and leadership as Absa Bank Kenya PLC continues to fulfill its purpose of empowering Africa’s tomorrow, together, one story at a time,” stated Absa Bank.
Absa Bank Kenya Reports Strong Growth and Expands Digital Push
Absa Bank Kenya has experienced financial growth over the past two years, supported by improved efficiency and diversified income.
Also Read: How Kenya’s Banks Are Preparing for Interest Rate Changes and What It Means for You
The lender posted a net profit of KSh 22.9 billion for the year ended December 2025, marking a 10 percent increase from KSh 20.9 billion in 2024.
The growth was largely driven by lower loan loss provisions, improved cost management, and rising non-interest income from fees, commissions, and foreign exchange trading.
At the same time, the bank maintained a notable balance sheet, with total assets rising to over KSh 537 billion and customer deposits holding steady at more than KSh 372 billion, reflecting sustained customer confidence.
In 2024, Absa had already recorded strong momentum, reporting a 28 percent jump in profit to KSh 20.9 billion, supported by increased lending and growth in total revenue to over KSh 60 billion.
The bank increased its total dividend payout by 17 percent to KSh 2.05 per share, signaling confidence in its earnings outlook and capital position.
Absa Bank Kenya is also spending up to KSh 2–3 billion annually on digital transformation, with about 94 percent of transactions now conducted through digital channels.
Follow our WhatsApp Channel and X Account for real-time news updates.
