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364-Day Yield Extends Three-Week Rise as Redemptions Drive Heavy Oversubscription
The 364-day T-bill yield has climbed for a third week as heavy redemptions drive strong demand and four straight oversubscribed auctions.
Friday NSE Market Update: Uchumi Up 100% in 4 Weeks, Foreign Sells Dominate
Uchumi hits KSh 0.74, its highest since 2019, gaining 54% this week and 335% YTD. Turnover stands at KSh 864M led by Safaricom and BAT. Foreign buys hit KSh 68M and sells KSh 431M. Top gainers include ScanGroup and TotalEnergies, while Crown Paints leads the losers. NASI is down 0.45% at midday.
Kenya's Banks Contributed KSh 194.81Bn in Taxes in 2024
The Kenya Banking Sector contributed a total of KES194.81 billion to the National Treasury in the year ended 31 December 2024
Counties Can Collect Cess From Agri-Exporters in Special Economic Zones, Court Rules
Kenya is Considering Leasing Pyrethrum Processing Company to Halt Sector’s Steep Decline
The government is considering leasing out the Pyrethrum Processing Company of Kenya (PPCK) in what the Ministry of Agriculture says is the only realistic path to reviving a sub-sector
The Global Power of Sport: Bank of America Partners with Great Ethiopian Run to Expand Access to Endurance Sports
Beginning in 2026, partnership will elevate flagship race’s global profile and significantly expand access to running opportunities for children
Uchumi Extends Rally, BK Group at new NSE Highs. Bank Q3 Earnings Continue to Shape Trade
Uchumi climbs to KSh 0.68 and Bank of Kigali hits its highest level since 2019 in Thursday trade. Turnover stands at KSh 498.8M with Safaricom leading. Foreign buys hit KSh 182.27M and sells KSh 176.5M. NASI is up 0.18%. Major banks release Q3 results led by KCB, NCBA, I&M, DTB and Stanbic, while Safaricom secures approval for a KSh 40B MTN.
Kenya’s Counter-Terror Sweep Targets Cryptocurrency Channels
Suspected terror financing as courts move to detain a Mombasa-based lawyer for two weeks while inquiries continue into the use of cryptocurrency networks in the financing chain
Kakuzi Warns of Investor Risks after Regulator Orders 3,200-Acre Land Surrender
Kakuzi has warned investors of material risk after the National Land Commission ordered the surrender of 3,200 acres to settle historical land injustice claims. The ruling also directs fresh titling, relocation of schools and public utilities and the regularisation of settlement schemes inside its farms. Kakuzi says the measures threaten operations and earnings. The company plans to pursue legal options as government agencies move to enforce the directives.
Absa, StanChart Uganda Retail Deal Enters COMESA Probe Stage
The regional competition watchdog has opened a formal inquiry into Absa Bank Uganda’s planned acquisition of Standard Chartered Bank Uganda’s wealth and retail banking business,
DTB Posts KSh 8.36Bn Q3 Profit as Interest Income Jumps 17.9%
Diamond Trust Bank’s Q3 2025 profit rose 12.3% to KSh 8.36Bn, driven by strong lending growth and a 17.9% rise in net interest income.