Kenya's Truckers Mull Hiking Costs By 14% After Diesel Price Surge
Road freight costs in Kenya are set to rise by about 13% to 14% following a record jump in diesel prices, according to an industry advisory that signals an imminent increase in transport tariffs
Fincredit SEZ Joins NSE Ibuka in Capital Markets Push
Fincredit SEZ Limited, a credit-only microfinance institution operating in Kenya, Uganda, and Liberia, has been admitted into the NSE Ibuka incubation and acceleration programme. The company, formerly known as AAR Credit Services Ltd and established in 2000, is registered within the TRIFIC Special Economic Zone in Nairobi. CEO John Kariuki described the admission as a critical step in the company's strategic transformation. The programme prepares companies for equity or debt capital market access at the NSE.
Bullish Africa Investors Reception Set for Nairobi This May
As Nairobi prepares to host the France–Africa Summit—drawing over 30 heads of state and global business leaders—The Kenyan Wall Street, part of Wall Street Africa Group will convene top investors, financiers, and policymakers for the Bullish Africa Investors Reception on May 11, 2026, an exclusive gathering spotlighting Europe–Africa investment opportunities.
Parliament Moves to Curb Public Wage Bill with Strict New Salary Rules
Parliament has approved new regulations that could reshape how public servants are paid, in a move aimed at taming Kenya’s ballooning wage bill and ending years of pay disparities across State agencies.Ndindi Nyoro's KQ Disclosure Sparks Retail Frenzy, But Fundamentals Differ From KPLC
Kenya Airways is the top-gaining stock on the NSE in 2026, up 131% to a 15-month high of KSh 8.14, despite reporting a 17.2 Bn net loss and carrying negative equity of 132.1 Bn. The rally ignited after regulatory filings revealed Kiharu MP Ndindi Nyoro had acquired 10.4 million shares, reprising the Kenya Power playbook that delivered returns from KSh 1.89 to KSh 16.80. Institutional catalysts including a $2 Bn strategic investor search, near-100% load factors from Middle East conflict rerouting, and new KCAA regulations ending the bailout era provide the narrative. Nyoro provided the trigger.Dangote Refinery Plans First Pan-African IPO in History
Aliko Dangote plans to list Dangote Petroleum Refinery and Petrochemicals FZE on multiple African stock exchanges in a continent-first cross-border IPO targeting a raise of up to US$5 billion. Analysts value the refinery at between US$40 billion and US$50 billion, with 5-10% of equity on offer. The primary listing targets the Nigerian Exchange Group main board in June-July 2026. The Nairobi Securities Exchange is among six bourses involved. Stanbic IBTC Capital, Vetiva Advisory Services, and FirstCap have been appointed as financial advisers.Vivo, TotalEnergies and Rubis Market Share Falls from 52% to 48% in 18 Months
TotalEnergies overtook Rubis into second place in Kenya's fuel market in H2 2025 as the top three oil retailers saw their combined share fall to 48.34%, below 50% for the first time, per EPRA's latest biannual statistics report.Kenya Raises Diesel Prices to Highest in History
EPRA has raised super petrol by KSh 28.69 to KSh 206.97 and diesel by a record KSh 40.30 to an all-time high of KSh 206.84 in Nairobi for the April 15 to May 14, 2026 cycle. Kerosene remains unchanged at KSh 152.78. The increases follow a 68.72% jump in diesel landed costs and a 41.53% rise in petrol landed costs, driven by Middle East supply disruptions. The government cut fuel VAT from 16% to 13% and deployed KSh 6.2 billion from the Petroleum Development Levy Fund to cushion consumers. Without the kerosene subsidy, the product would retail at approximately KSh 260 per litre.Insurance Compensation Fund Opens KSh 500k Window for Trident Claimants
The Policyholders Compensation Fund (PCF) has opened a long-awaited compensation window for policyholders and claimants of Trident Insurance Company Limited.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 officialsNew 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.
