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Safaricom Falls Back Below Pre-Results Share Price, Co-op Surges 10.5% in Week 20
The NSE posted a second straight split week. Safaricom fell 6.68%, erasing its record-earnings rally, while Co-op Bank surged 10.54%. Asahi was cleared for the EABL takeover. Oil rose to $94.84, the 91-day T-bill hit 8.32%, and foreign investors sold KSh 371.81M.
Kenya Lifts SACCOs Registration Ban But Raises Entry Bar
Kenya has lifted a year-long freeze on the registration of savings and credit cooperatives (SACCOs) but tightened entry requirements
Transport Operators Begin Strike Over High Fuel Costs
A prolonged strike threatens to choke supply lines, delay cargo movement and push consumer prices higher, potentially transforming a sectoral protest into a broader economic crisis.
Kenya's Diaspora Remittances Ease to KSh 51Bn in April
Kenya diaspora remittances fell 5.9% YoY to US$ 397.78Mn (KSh 51.39Bn) in April 2026, retreating from a record US$ 450.29Mn in March. YTD Jan-Apr sits at US$ 1.67Bn, up 1.0% YoY. North America fell 13.8% MoM. The World Bank flagged up to US$ 40Mn in monthly Gulf losses from the Iran conflict.
DRC and Uganda Flag New Ebola Outbreak
The World Health Organisation has declared the outbreak, the 17th one of an Ebola strain in the DRC, a public health emergency of international concern (PHEIC)
Dangote Refinery, FX Reserves Boom Earn Nigeria First S&P Upgrade in 14 Years
S&P upgraded Nigeria to B from B- on May 15, 2026, its first upgrade in 14 years, completing a three-agency sweep with Fitch and Moody's. Drivers include the Dangote refinery operating at 650,000 bpd, FX reserves at $50 billion, and a current account surplus projected at 5.8% of GDP in 2026.
Kenya's Public Debt Hits KSh 12.84 Trillion
Kenya's public debt hit KSh 12.84 trillion in February 2026, pushing debt-to-GDP to 69.5% and nearing the 2023 peak, as debt service consumed KSh 1.72 trillion in FY2024/25.
NVIDIA vs Silver: What a Chip Company Overtaking a Precious Metal Tells Us About the New Economy
For the first time in history, three of the five most valuable assets on earth are not things you can hold in your hand. The market has not gone haywire.
Diamond Trust Bank Q1 Profit Rises 19% to Record KSh 3.48 Billion
Diamond Trust Bank Kenya posted record Q1 profit of KSh 4.81 Bn, up 18.6%, as net interest income crossed 10 Bn for the first time. PAT growth compressed to 7.7% by a 152% provisions spike.
Africa Launches AIM2030 to Cut Drug Import Dependence, Build Local Manufacturing
African countries currently import between 70% and 100% of finished pharmaceutical products and roughly 99% of vaccines, with less than 1% manufactured locally.
Finance Bill 2026 Ends VAT Relief For Affordable Housing Materials, Tourism Sector
The Finance Bill 2026 has proposed to raise taxes on tourism, aviation, and affordable housing while exempting VAT on phones, electric transport, and key medical supplies