Energy CS Wandayi Digs In as Fuel Import Scandal Triggers Top-Level Exits
Opiyo Wandayi has ruled out resigning over the unfolding fuel importation scandal, after a widening probe forced out some of the country’s most senior petroleum sector officials
New Vehicle Transfer Fee Masks NTSA's Revenue Collapse
NTSA posted a near-breakeven deficit of KSh 9.1Mn in FY2025, down from KSh 472.37Mn in FY2024, after the National Treasury approved vehicle transfer ownership fees as AIA, generating KSh 1.24Bn. Total revenue grew 1.29% to KSh 3.89Bn. Number plate revenue halved to KSh 818Mn. GoK recurrent grants fell 67% to KSh 180Mn. The EU disbursed nothing. Total expenditure rose 10.6% to KSh 4.32Bn. Cash fell 43% to KSh 186.77Mn. The Auditor-General issued a qualified opinion.
Fifth Bond Switch Falls Flat as Holders of Near-Maturity Paper Opt to Stay Put
CBK's fifth bond switch auction drew just KSh 2.56Bn in bids against a KSh 20Bn target, a 12.80% performance rate and the weakest result in the programme's history. Only KSh 1.75Bn was accepted, converting KSh 1.76Bn of FXD1/2016/010 (maturing August 2026) into FXD1/2018/015 (due May 2033) at an accepted yield of 11.97%. The weak uptake follows January's switch of the same source bond, which absorbed KSh 25.17Bn. Remaining holders appear to prefer collecting the 15.039% coupon to maturity rather than accepting a 239 bps coupon cut and paying 108.36 per KSh 100 for the destination bond.
KRA Opens High-Stakes Race for New Commissioner General
The Kenya Revenue Authority (KRA) has formally declared a vacancy for the position of Commissioner General, setting in motion a high-stakes succession process
StanChart, KCB, and NCBA: What Bank Dividends Are Telling Investors in 2026
For investors in banking stocks, dividends are one of the clearest signals to watch in 2026, as the inaugural FY25 Kenya Banking Sector Report by Wall Street Africa Group.
Why Kenya’s Creative Economy Is Firmly on Investors’ Radar
The creative economy sits at the intersection of innovation, youth employment, digital trade, and intellectual property, making it one of the most compelling long-term investment opportunities.
A growing compliance crisis in Nairobi’s Eastleigh trading hub is beginning to ripple across the country, disrupting supply chains and locking thousands of businesses out of legitimate tax claims.
Missing Records Cloud Billions in Spending at Public Officers Medical Fund
Billions of shillings moved through the new ‘Public Officers Medical Scheme Fund’ last year with little clarity on where the money came from or where it went, after auditors said they couldn’t verify how the cash was earned
NSE Recovers Half of Week 13 Losses as MPC Hold and Oil Pullback Lift Sentiment
The NSE posted its strongest week since February, adding KSh 128.42Bn as all indices rose, led by the NSE 10 at +4.76% and Banking Index at +4.49%.
The CBK held rates at 8.75%, citing Middle East-driven energy price pressures but stable inflation. CBK forex reserves fell for a fifth straight week to USD 13,316M (5.7 months cover), down USD 1.28Bn since March 5 in the longest drawdown since late 2023.
Foreign investors sold KSh 940M for their sixth consecutive week of outflows. Brent eased to around $90 from $106+.
Market cap rose to KSh 3,432.92Bn, recovering 55% of Week 13 losses.
Kenya’s Banks Still Have East Africa’s Worst Bad Loan Problem
Kenyan banks may have improved their asset quality in FY25, but the sector is still carrying the heaviest bad loan burden in East Africa, according to the FY25 Kenya Banking Sector Report by Wall Street Africa Group.
Kenya Seeks REIT Reforms to Attract Investor Capital
Kenya’s push to build a vibrant real estate investment trust (REIT) market has been blunted by a tax regime that industry players describe as structurally punitive.
Kenya’s Broadcast Subscriptions Contracted Marginally in 2025
Kenya’s broadcasting industry recorded a marginal contraction in the final quarter of 2025, driven by shifting consumer habits and growing competition from internet-based platforms,