Absa Bank Kenya has reported a Sh5.3 billion profit after tax for the first quarter ending March 2026, driven by growth in customer deposits and balance sheet expansion despite economic challenges.

• Absa Bank Kenya posted a profit after tax of Sh5.3 billion.
• The bank's total assets grew 10 percent to Sh571.3 billion, with customer deposits up 8 percent to Sh399.1 billion.
• Chief Executive Officer Abdi Mohamed highlighted the bank's focus on supporting customers through economic pressures, while diversifying revenue streams and investing in digital platforms and sustainability initiatives.

Ulwazi Place in Nairobi has expanded its facilities, adding a new conference wing to capitalize on Kenya’s growing conference tourism market and positioning it as a regional hub for MICE tourism.

• The upgraded facility can now host over 1,000 guests.
• Key organizations involved include Ulwazi Place, managed by Trianum Hospitality, and within the African Population and Health Research Center (APHRC) campus.
• This expansion supports Kenya's "Experience Wonder" tourism strategy, aiming to attract 5.5 million international visitors annually by 2027.

Enwealth Trustees Services Limited has been granted approval by the Capital Markets Authority (CMA) to operate as a licensed corporate trustee in Kenya.

• This approval expands the number of firms offering fiduciary oversight in Kenya's capital markets.
• The organization involved is Enwealth Trustees Services Limited, a subsidiary of Enwealth Group.
• The company, founded in 2011, manages approximately $900 million in assets and serves over 200 corporate clients.