Absa, led by Kenny Fihla, channels $100 million into African green power
Absa, led by Kenny Fihla, invests $100 million in African renewable energy through CrossBoundary Energy.
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Absa, led by Kenny Fihla, invests $100 million in African renewable energy through CrossBoundary Energy.
Absa Bank Uganda, an arm of the banking group led by Kenny Fihla, will acquire Standard Chartered’s retail and wealth units to boost its footprint and retail reach in East Africa.
The move underscores CEO Ralph Mupita’s push for consolidation in a market where Vodacom has already secured approval for a contested fiber deal.
Kenny Fihla leads Absa’s retail revamp, driving digital banking growth and pan-African expansion with strong first-half 2025 results.
The Johannesburg-based lender aims to build a sustainable finance ecosystem as demand for new energy vehicles (NEVs) continues to climb.
The court rejected Absa’s application, insisting the matter requires full trial and mediation, which the bank had declined.
He will take over from Charles Russon, who has been serving as interim CEO following the early retirement of the previous chief executive.
Fihla’s 2022 compensation package marked an impressive 11.5-percent increase over the previous year’s reward of $2.2 million.