Yes! You now have the ability to add and edit contacts right from Outlook on Android. Check out
this blog post for more information.
To create a new contact in Outlook, simply go to the search tab and tap Create + in the Contacts header. You can also add a new contact directly from a message or event by tapping the name of a person and then tapping Add Contact. Lastly, you can also use the search bar to find and add contacts from your company directory.
Once you’ve added a contact, you can edit their information by opening the contact and tapping the Edit button. Any changes made in Outlook for Android will be synced and available across all versions of Outlook.