The Absa Group has named Sitoyo Lopokoiyit as the new head of its private and personal banking unit in Africa.
In the appointment, Absa Group described Sitoyo as a highly respected and experienced industry leader with deep expertise in financial services.
Sitoyo will assume this new role from April 11, 2026. Until his appointment, he was the head of M-Pesa at Safaricom, a role that he had been serving since April 2020.
SItoyo had joined Safaricom in 2011 as head of M-Pesa strategy and business development, a role he held before he moved to Vodacom Tanzania as Director M-Commerce in 2015.
Before he joined Safaricom in 2011, Sitoyo had worked at Total Kenya where he held the position of diversification manager and later as the head of Total Solar business. He also worked for Uchumi supermarkets as a Category Manager and at Chevron Kenya ltd as Business Advisor and Merchandasie Manager.
Prior to heading M-Pesa at Safaricom, Sitoyo was the Chief Financial Services Officer. He had occupied this position for a period of three years. He had also held the position of director of M-Commerce in Vodacom-Tanzania from October 2015 where he attained a 10-year experience in the Mobile-money sector.
“I am a passionate, energetic and easy-going leader, who has delivered major innovations that have revolutionized the global mobile money space and driven financial inclusion,” he says.
Explainer: How you can build a 2-bedroom house with less than Sh1.5 million
Sitoyo holds a Bachelor of Commerce (Hons) degree in marketing from the University of Nairobi (2000) and an Master of Science in Information Technology Management and Organizational Change from Lancaster University in UK.
Did you love the story? You can also share YOUR story and get it published on Bizna Click here to get started.
