Banks Freeze Billions As Absa Unveils KSh100B SME Boost - May 2026

Kenyan banks have frozen billions of shillings after closing a staggering 78.7 million dormant accounts, as institutions grapple with inactive balances. Absa Bank Kenya has announced a significant financial injection worth KSh 100 billion aimed at empowering Small and Medium-sized Enterprises (SMEs) and individuals across the country. Meanwhile, Del Monte Kenya has announced a contribution exceeding KSh 100 billion to the Kenyan economy, highlighting the agricultural giant's impactful role in the nation's financial landscape. Kenya's diaspora is also evolving its financial contributions, moving beyond remittances to actively investing in Kenyan startups.