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.

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.

The Court of Appeal has cleared SBM Bank Kenya to auction the high-end Alma residential development in Ruaka, allowing the bank to recover approximately Sh779 million owed on defaulted construction loans.

• The court dismissed Cytonn Integrated Project's plea to halt the sale, stating they failed to meet the legal threshold for an injunction.
• Key parties involved are SBM Bank Kenya, Cytonn Integrated Project LLP, and the Official Receiver.
• The dispute stems from loans advanced in 2019 and is linked to the collapse of the Cytonn High Yield Solutions LLP investment structure.