Safaricom Opens KSh 15Bn Green Note Offer in KSh 40Bn MTN at 10.40%
Safaricom has opened the first tranche of its KSh 40Bn MTN programme, offering KSh 15Bn in five-year green notes at a fixed 10.40 percent, with a KSh 5Bn greenshoe. The notes are senior and unsecured and will fund eligible green projects. The offer runs from 25 November to 5 December, with allotment on 8 December and listing on 16 December on the NSE.
Market Opens Week Lower, Uchumi Hits New 2019 High, Safaricom Leads Flows
Uchumi rises 6.76% to KSh 0.79, its highest level since 2019, pushing YTD gains past 360%. Turnover hits KSh 396M, with Safaricom contributing KSh 351M. Foreign buys reach KSh 65M and sells KSh 164M, mostly in Safaricom. Top gainers include Umeme and Longhorn, while Olympia and ScanGroup lead the losers. NASI is down 0.92% at midday.Kenya, Uganda Leaders Push for Integrated Heavy Industry
Museveni said the investment would enhance the region’s competitiveness and reduce the cost of steel for infrastructure projects, while Ruto reaffirmed Kenya’s readiness to collaborate
Paramount Bank's Core Capital Rises Above CBK Rule Amid Zenith Acquisition Rumours
Paramount Bank reported flat Q3 profit after higher credit impairment charges offset strong growth in non-funded income. Operating income rose but core business weakened, with net interest income down 5%. The bank strengthened its capital position, lifting core capital to 3.12 billion and surpassing the CBK’s 3 billion requirement ahead of the December 2025 deadline. The update came as Zenith Bank denied reports linking it to a potential takeover of the Kenyan lender.The G20 Can Help Unlock Africa's Sports Economy
Looking at sport through an economic lens - as infrastructure capable of scaling markets and strengthening local value chains Looking at sport through an economic lens - as infrastructure capable of scaling markets and strengthening local value chains
Cytonn’s Appeals Dismissed as Courts Confirm Over KSh 11 Billion Investor Exposure
Cytonn has lost all 18 appeals, confirming the liquidation of CHYS and CPN and tracing over KSh 11 billion from more than 3,000 investors into its SPVs. Courts upheld preservation and vesting orders over key projects including RiverRun, Kilimani, Alma, CySuites, Taraji, Ridge and Superior Homes. The Official Receiver now has full control to recover investor funds.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 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-sectorChase Bank’s Ex-Managers Hit With Fines Over False Bond Disclosures
The CMA has fined and disqualified former Chase Bank executives after finding they misled investors in the bank’s 2015 KSh 10Bn bond issue. Investigators concluded the Information Memorandum contained false financials, concealed related-party lending and an irregular bonus approved by the chair. Ex-Chair Zafrullah Khan, ex-CFO Makarios Agumbi and ex-corporate assets manager James Mwaura received multi-year bans and must undergo governance training.Goldman Sachs to Acquire Kenya's Mace Consult
Competition Authority has approved the takeover of Mace Consult’s Kenyan units by Consult Bidco, a Goldman Sachs-controlled acquisition vehicle with no activity in Kenya.MyCredit, Enkisoma Africa, Partner to Inject KSh 1.2 Billion into Digital Education
MyCredit Limited, a digital credit provider, and Enkisoma Africa Limited, an ed-tech company, have signed a KSh 1.2 billion memorandum of understanding.In the Markets this Week: ABSA, BAT, EABL and I&M Hit New Highs as Foreign Outflows Continue
Week 46 of 2025 closed lower across all NSE indices despite strong gains in ABSA, BAT, EABL, I&M and Co-op Bank. Uchumi extended its sharp rise to 2019 levels. Foreign investors posted a net outflow of KSh 387.83M, down from last week. Bond turnover rose 36.46% to KSh 55.88B. Equity turnover eased to KSh 3.61B as blue-chips drove liquidity.
