Thebe Mabanga
Renowned banker Kennedy Bungane has resigned as group chief executive of African Bank, ending a five-year stint in which he oversaw the lender’s push to broaden itself from a mono-line unsecured lender into a diversified personal and business bank.
African Bank said in a SENS announcement on Friday that Bungane had stepped down as group CEO and as an executive director of African Bank and African Bank Holdings effective 6 March 2026, and that Zwelibanzi “Zweli” Nelson Manyathi had been appointed interim group CEO, subject to regulatory approval.
“Mr Kennedy Bungane has stepped down as the Group’s Chief Executive Officer and as an executive director of African Bank and African Bank Holdings Limited Boards of effective 6 March 2026,” African Bank said in the announcement.
“[Consequently], Kennedy resigns his memberships of the Social, Ethics and Transformation and the Special Projects and Large Exposures board committees.”
The bank said
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