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Ethiopia's Banks Pull Back at Foreign Exchange Auction as Exposure Limits Bind
After weeks of heavy oversubscription, demand eased at Ethiopia’s latest USD 500 million FX auction, leaving about USD 45 million unallocated. Banks took up roughly USD 455 million, as exposure limits and rising pricing risk began to cap bids despite persistent dollar shortages.
Nedbank Moves Closer to NCBA Acquisition after CMA Nod
Nedbank’s proposed acquisition of NCBA has advanced after Kenya’s Capital Markets Authority granted an exemption from the mandatory takeover rule, allowing a partial pro-rata offer capped at about 66 percent. Shareholder backing has strengthened, with irrevocable undertakings rising to 77.54 percent of NCBA shares, reducing execution risk as the deal awaits remaining regulatory approvals.
Kenya’s Unpaid KSh 3.5bn AFCON Fee Sparks Budget Concerns for 2027
WhatsApp Business Under COMESA Probe Over Monopoly Concerns
Global Fintech Grey Launches ‘Grey Business’ to Simplify Payments for African Startups and SMEs
Global fintech company Grey has officially launched Grey Business, a multi-currency payments platform designed to help startups and SMEs across Africa and other emerging markets manage international transactions
Kenya Added KSh 1.37 Trillion Debt in 2025, Domestic Lenders Carry the Load
Kenya’s public debt increased by KSh 1.37 trillion in 2025 to KSh 12.30 trillion, lifting the debt ratio to 67.5 percent of GDP. Domestic borrowing accounted for about 70 percent of the rise, with banks, insurers, and pension funds absorbing most new issuance. External debt grew more moderately, led by multilateral lenders, while bilateral exposure fell, including sharp reductions from China. Debt servicing pressures intensified, with nearly half of FY 2025/26 interest costs already incurred by December.
Kenya's Formal Milk Intake Crossed One Billion Litres in 2025
Kenya’s formal milk intake crossed one billion litres in 2025 for the first time, rising 11.5% from 909.0 million litres in 2024. The milestone caps a strong post-2021 rebound after a 2022 dip, with three straight years of growth. Monthly data shows 11 of 12 months hitting record highs, lifting the annual total. Sector reforms, expanded collection networks, and more stable processor payouts pulled more milk into formal channels, pointing to a durable shift rather than a temporary seasonal lift.
NSE Posts First Five-Day Losing Week Since March 2025
The NSE ended the week of Feb 20, 2026 lower in all five sessions, its first full weekly decline since March 2025. The market shed KSh 107.47Bn after a record rally the prior week, yet 14 stocks hit new 52-week, multi-year, and all-time highs, highlighting sharp internal divergence.
Communications Authority Acquires ID-to-SIM Card Verification System
Kenya plans to procure a cloud-based ID-to-SIM verification platform that will allow individuals to check, via SMS, which mobile numbers are registered under their identification documents.
Kenya Escalates Drought Interventions
This suggests that while drought risks are mounting in vulnerable counties, broader inflation pressures remain contained at the national level
KRA Onboards 500 Fuel Stations as Taxpayers Scramble to Meet New E-TIMS Rules
KRA says it has onboarded over 500 fuel stations onto its eTIMS fuel module, representing about 16% of outlets nationwide.