Absa Bank Kenya has announced a significant KSh 5.3 billion profit after tax for the first quarter of 2026, demonstrating resilience amidst economic challenges.

• The bank achieved a strong Return on Equity of 20.3%.
• The key parties involved are Absa Bank Kenya and its Managing Director and CEO Abdi Mohamed.
• Despite economic pressures, the bank saw its customer deposits rise by 8% to KSh 399.1 billion and total assets grow by 10% to KSh 571.3 billion.

Airtel Kenya is set to receive a substantial $100 million equivalent in local currency from the International Finance Corporation (IFC) to bolster its mobile network expansion and refinance existing debt.

• $100 million (approximately KES 13 billion) in deliverable Kenyan Shillings.
• Airtel Africa subsidiary, Airtel Kenya, and the International Finance Corporation (IFC).
• The funding is earmarked for accelerating network expansion and insulating the business from foreign exchange volatility.

Tanzanian fintech company Swahilies has officially received a Payment Service Provider (PSP) license from the Central Bank of Tanzania.

• This new license empowers Swahilies to develop and launch its own financial products in collaboration with licensed institutions and to enhance services for higher transaction volumes.
• The key organization involved is Swahilies, a fintech that has already assisted over 15,000 SMEs with bookkeeping and embedded finance solutions.
• The approval signifies a significant step for Swahilies to expand its role within Tanzania's rapidly growing digital finance sector, particularly in meeting the increasing demand for SME-focused financial tools.