BD Insider 206: Absa Kenya suffers $716,565 fraud loss in 2022

In today’s newsletter, we bring you news about:

• $716,565 fraudulently extracted from Absa Kenya

We also curated other noteworthy stories that we covered this week and opportunities for female tech enthusiasts.

The Weekend Brief

Absa Bank Kenya reports $716,565 fraud loss in 2022

The news: In a recent disclosure, Absa Bank Kenya has revealed a significant financial setback, with the bank losing KSh 107.7 million ($716,566) to fraudulent activities last year. Despite this loss, the bank was able to recover KSh 59.1 million ($393,213) of the total losses.

Last updated: February 4, 2026