Uganda's Old Mutual Joins Analysts Challenging KPC’s KSh 9.00 IPO Price
Old Mutual Investment Group Uganda has become the latest analyst to challenge Kenya Pipeline Company’s KSh 9.00 IPO price, valuing the shares at KSh 4.61 and flagging a 49% downside. The call reinforces earlier local analyst estimates that place fair value between KSh 3.28 and KSh 6.35, citing premium valuation multiples and modest dividend yield. Deal sponsors continue to defend the pricing, pointing to KPC’s dominant market position and regulated infrastructure cash flows.
Investor Wealth on the NSE Grows by KSh 220bn in a Week, Highest on Record
Investor wealth at the Nairobi Securities Exchange has surged as a broad-based rally pushed market value and indices to record highs. The market has added about KSh 475bn so far in 2026, with the latest week delivering the strongest weekly wealth gain since 2008. Multiple indices closed at all-time or multi-year highs, while 21 stocks broke new peaks across banks, telecoms, utilities, and industrials. Gains were led by large, liquid counters, valuations remain moderate, and prices advanced despite continued foreign outflows, pointing to a locally driven re-rating phase.Ziidi Trader Drives NSE Deals to Record Highs
Trading at the Nairobi Securities Exchange has shifted to a higher baseline after Safaricom’s Ziidi Trader rollout. Equity deals rose from a prior 4,000–7,800 range to repeated records above 20,000, including a peak of 25,773. Ziidi accounted for about 59% of trades on peak days while contributing about 4% of turnover, pointing to retail-led, small-ticket activity. Liquidity stayed firm with four straight KSh 1bn-plus sessions, WoW gains of 81% in volumes and 54% in turnover, and slower foreign outflows, confirming a structural change in participation.Jumia Narrows 2025 Loss to KSh 7.75Bn as Market Exits Cut Cash Burn
The 27-Year Old University Dropout Allegedly Behind KSh 11.4mn Cyber Theft
Prosecutors have charged a 27-year-old university dropout Seth Mwabe Okwanyo, also referred to in the documents as Seth Onyango Odhiambo, on 20 counts.
JKIA Traffic Surges in Holiday Boom, North America Traffic Picks Up
Equity, KCB, NCBA Cut Lending Rates to 8.75% After CBK Move
Stanbic Holdings Taps Joshua Oigara as CEO, Mweheire Moves to Group Role
Stanbic Holdings Plc has named Joshua Oigara as its next chief executive, replacing Patrick Mweheire who will retire at the end of February,How Avery Lounge Came to Owe the Taxman KSh 92.7mn
A Nairobi restaurant that declared zero income while running an active hospitality business has lost its bid to overturn KSh 92.7 million in tax assessments.Auditor-General Warns New Turkana Oil Deal Could Diminish Government Revenue
The Auditor-General has warned Parliament that the proposed changes to the fiscal terms governing oil Blocks T6 and T7 in Turkana could substantially reduce the government’s share of future petroleum revenues.February Bond Reopening Draws KSh 213bn in Bids as Govt Leans on Domestic Funding
Ziidi Trader Drives Record NSE Trades and Back-to-back KSh 1bn Days
Trading at the Nairobi Securities Exchange has reached historic levels after the rollout of Safaricom’s Ziidi Trader. Equity deals settled at a record 25,700 on 11 February, up sharply from the usual 4,000–7,800 range seen before the pilot began on 5 February. Turnover topped KSh 2.44 billion on 10 February and KSh 1.83 billion on 11 February, only the second back-to-back KSh 1 billion streak this year. Foreign investors were net buyers, NASI hit a new high of 209.65, and heavy activity centred on Safaricom and Kenya Power as retail participation widened.
