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Enwealth Receives CMA Approval to Operate as Corporate Trustee
Enwealth Trustees Services Limited has been granted approval by the Capital Markets Authority (CMA) to operate as a licensed corporate trustee in Kenya. This regulatory approval allows Enwealth to expand its financial services offerings in the corporate sector. Meanwhile, 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. In a separate development, 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.
New Coffee Hub to Bring Global Buyers Straight to Kenyan Farms
Kenya has launched the Kenya Coffee Hub, a new trade convention designed to connect international buyers directly with local farmers, aiming to boost export earnings and producer returns. The initiative represents a direct farm-to-buyer model that bypasses traditional intermediaries. At the same time, Nairobi hosted a forum focused on accelerating East Africa's clean energy transition, bringing together entrepreneurs, investors, and policymakers to discuss sustainable solutions. Separately, the Kenyan government has ordered state agencies to purchase all unsold rice stocks from the Mwea Irrigation Scheme to stabilize market prices and prevent farmer losses, addressing a persistent surplus during harvest seasons despite Kenya's heavy reliance on imports.
