NSE Retreats After February Rally, Market Value Falls KSh 121 Bn
The Nairobi Securities Exchange declined in Week 10 of 2026, with market capitalisation falling KSh 121 Bn to KSh 3.29 Trillion, marking the 15th largest weekly drop since 2008. All major indices fell as 44 stocks declined, only 9 gained and 14 remained unchanged. Equity turnover dropped 22% to KSh 5.49 Bn, while trading volumes fell sharply. The pullback followed February’s strong rally, with profit-taking and continued foreign selling weighing on the market.
Kenya’s Financial System Liquidity Surpasses KSh6 Trillion for the First Time
Kenya’s financial system liquidity surpassed KSh6 trillion for the first time after broad money (M3) reached KSh6.03 trillion in December 2025, according to Central Bank data. The milestone caps five years of rapid expansion from about KSh4 trillion in 2020, driven by growth in bank deposits, domestic credit and foreign currency balances. Transaction deposits, savings and external assets have all expanded as Kenya’s banking system deepened.Standard Chartered Kenya to Auction Nakumatt-Linked Properties
Standard Chartered Bank Kenya has issued a statutory notice to Nakumatt Investments over unpaid loan facilities totaling millions of dollars and nearly KShs 1 billion. The bank warned that properties in Nairobi, Nakuru, and Mombasa pledged as collateral could be auctioned if the borrower fails to clear the debt within 90 days.
Kenya Airways Signs Codeshare Deal with American Airline JetBlue
Kenya Airways has entered a codeshare agreement with JetBlue that will allow it to sell seats on JetBlue-operated flights from New York’s JFK Airport to several U.S. cities.Safaricom's M-PESA Crosses 40 Million Users in Kenya
Safaricom said M-PESA has reached 40 million monthly active customers in Kenya, marking 19 years since the mobile money platform launched on 6 March 2007.Stima Sacco Closes in on Mwalimu Sacco as Asset Base Crosses KSh 75Bn
Stima DT Sacco reported FY2025 results with assets rising to KSh 75.38 Bn, placing the cooperative just behind sector leader Mwalimu National Sacco at KSh 76.3 Bn.Kenya Holds Petroleum Budget Steady as Middle East Tensions Muddy Oil Markets
Kenya's supplementary budget comes at a time when global oil markets remain volatile amid geopolitical tensions in the Middle East, a development that has heightened the importance of maintaining reliable fuel supply systemsKenya Scales Back ICT Budget by 25% as Fiscal Constraints Bite
Rural communities in Kenya are set to face slower digital access after the government cut funding for its Information, Communication Technology and Digital Economy initiatives by 25%Kenyan Entrepreneur Maurice Juma Joins Africa’s “Forty Under 40” Vanguard
Maurice Juma, co-founder and CEO of MediaPal, was recognized among Africa’s “Forty Under 40” an acknowledgment that places him within a select cohort of the continent’s youngest business leadersShowmax Folds as Multichoice's New Owner Canal+ Abandons Bid to Rival Netflix
Evidence of this shift is already visible in a distribution partnership between Canal+ and Netflix in Francophone Africa, allowing Netflix subscriptions to be bundled inside Canal+ packages.Treasury Bill Auction Hits Record KSh 100Bn Demand
Kenya’s domestic debt market is seeing strong investor demand as liquidity flows into government securities. The latest Treasury bill auction drew KSh100.43 billion in bids against a KSh24 billion offer, the highest demand in recent records. Interest in government paper has also remained strong in the bond market, where FY2025/26 auctions to mid-February attracted KSh1.38 trillion in bids against KSh540 billion offered, highlighting sustained institutional appetite for Treasury securities.ALP Industrial REIT Raises US$29.55Mn in Kenya’s First Logistics Property Listing
ALP Industrial REIT raised US$29.55 Mn (KSh 3.82 Bn) after investors subscribed 98.5% of a US$30 Mn restricted offer, positioning Kenya’s first logistics-focused REIT for listing on the Nairobi Securities Exchange on March 11, 2026. The offer attracted institutional backing, including a US$5 Mn commitment from InfraCo Africa for a pipeline asset, lifting total participation linked to the transaction to 115.17% of the offer size.
