Sitoyo Lopokoiyit, the man who reimagined M-PESA, leaves for Absa Bank
Tech • 4d ago
When Sitoyo Lopokoiyit confirmed to TechCabal on Tuesday night that he would leave his role as Managing Director of M-PESA Africa at the end of March 2026, it closed a chapter that has reshaped how money moves across Kenya and increasingly across seven other African markets.
Safaricom or Vodacom is yet to make a formal statement and announce Sitoyo’s successor. Absa Bank Kenya, the country’s fifth-biggest bank, announced on Wednesday that the executive who spent the last five years building one of Africa’s most powerful fintech platforms will be joining as Chief Executive for Personal and Private Banking, effective April 1, 2026.
Yet few exits in Kenya’s corporate world carry as much weight.
Since taking the helm in 2021, Sitoyo has presided over M-PESA’s evolution into what is increasi...