(NAIROBI, KENYA) – Kenyan investors increased their holdings in foreign currency denominated funds by KES 15 billion in three months, pushing the total to KES 110.5 billion by June 2026, according to data from the Capital Markets Authority (CMA). The figure amounts to approximately $856 million / £677 million /Continue Reading
(NAIROBI, KENYA) – Kenya recorded $1.44 billion (KES 186.4 billion) in mergers and acquisitions during the first half of 2026, making it the leading market by deal value in Africa excluding South Africa, according to data from DealMakers AFRICA. The figure represents about £1.13 billion / €1.31 billion at currentContinue Reading
(NAIROBI, KENYA) – Britam Holdings has cleared accumulated losses of KES 5.87 billion ($45.7 million / £35.6 million) from its balance sheet, opening the way for the resumption of dividend payments after a six year pause. The Nairobi Securities Exchange listed insurer said the reduction became effective on 7th SeptemberContinue Reading
(NAIROBI, KENYA) – Kenya Electricity Generating Company has cut its dividend payout by 16.7% as it directs more cash into plant and equipment to expand electricity generation and meet rising demand. Shareholders will receive KES 0.75 ($0.0058 / £0.0045) per share for the year ended June 2026, amounting to KESContinue Reading
(NAIROBI, KENYA) – Investors have paid a premium to switch KES 11 billion ($85.6 million / £66.8 million) of holdings from a bond maturing in February 2028 into another government paper offering a higher interest rate and a lower withholding tax rate. The switch was conducted by the Central BankContinue Reading
(NAIROBI, KENYA) – Mansa-X Special Funds have become the largest Collective Investment Scheme in Kenya after their assets under management rose to KES 188 billion ($1.46 billion / £1.14 billion) by the end of June 2026. The funds now command a 20% market share of the country’s CIS sector. TheContinue Reading
(NEW YORK, US) – Foreign investors sold KES4.55 billion ($27.9 million / £22.9 million) worth of shares on the Nairobi Securities Exchange in August, the largest monthly outflow in 10 months, as they moved to lock in profits from a sharp rally in blue chip stocks. Net sales by foreignContinue Reading
(NAIROBI, KENYA) – Investors in six suspended stocks at the Nairobi Securities Exchange are demanding answers from the Capital Markets Authority over delays in resolving receiverships. The stocks of Mumias Sugar, ARM Cement and Deacons East Africa have now been frozen from trading for eight years. The six suspended stocksContinue Reading
(NAIROBI, KENYA) – NCBA Group shareholders who sold a 66% stake to Nedbank have booked a capital gain of KES21.4 billion ($138 million / £109 million) on the 43.63 million discounted shares of the South African bank. The gain comes after a rally in Nedbank shares since the conversion rateContinue Reading
(NAIROBI, KENYA) – Equity Group CEO James Mwangi’s stake in the lender climbed to a record KES13.42 billion ($104 million / £81.9 million) on Thursday as the bank’s share price extended a six session gaining streak on the Nairobi Securities Exchange (NSE). Mwangi, who owns 127,809,180 Equity shares, has seenContinue Reading
