NSE Loses KSh 96Bn in 7th Biggest Daily Drop Since 2008
The Nairobi Securities Exchange recorded its 7th largest single-day loss since 2008 on March 23, 2026, with KSh 96.02Bn in market value wiped out. Safaricom alone shed KSh 54Bn, accounting for over half the decline. The selloff, driven by the Iran war and Strait of Hormuz closure, hit a market that had rallied from KSh 2.94Tn to above KSh 3.5Tn on domestic capital alone, with foreign investors net sellers throughout. The launch of Ziidi Trader in February amplified retail participation but left the market exposed when institutional holders distributed into the rally. Market cap fell to KSh 3.38Tn but remains up 14.69% YTD.
The South Sudan 'Ground Incident' Tearing Two Kenyan Aviation Giants Apart
The High Court has ordered Airworks Kenya Limited to pay USD 95,000 owed to Renegade Air Limited as a judgment on admission, in a legal battle over an aircraft lease agreement
Sweden Backs Jacaranda Maternity With KSh 77.6mn to Expand Affordable Care in Kenya
Swedfund, Sweden's development finance institution, has committed KSh 77.6 million to Jacaranda Maternity to support the expansion of affordable maternity hospitals in KenyaInsurance Statutory Manager Imposes Six-Month Moratorium on Three Insurers
Policyholders of three troubled insurers will face a six-month freeze on payouts after the Policyholders Compensation Fund (PCF) declared a moratorium following its appointment as statutory manager.Makini, Crawford Schools Owner Posts Record KSh 15Bn Profit in 2025, Doubles Down on Kenya Expansion
Makini Schools and Crawford International owner Advtech posted record FY2025 results. Operating profit crossed R2 Bn (KSh 15.39 Bn) for the first time, up 13.8%. The Education division drove growth with 12.9% revenue increase to R7.87 Bn (KSh 59.39 Bn). In Kenya, Regis Runda Academy was acquired for KSh 1.29 Bn and rebranded as Makini School Runda with enrolments up 17% post-acquisition. Free operating cash flow before capex surged 24.7% to R1.89 Bn (KSh 14.28 Bn).Kenya Moves to Protect Resource Revenue with Three-Account Sovereign Wealth Fund
Kenya plans to channel future oil and mineral revenues into three separate accounts; Stabilisation, Strategic Infrastructure Investment, and, Future GenerationsKRA Proposes to Scrap KSh 5mn VAT Threshold
KRA is proposing to remove the KSh 5 million VAT registration threshold, requiring all businesses to charge and remit 16% VAT. The move aims to expand revenue collection but could increase costs for small traders and consumers.National Bank of Kenya Doubles Profit to KSh 2.39 Bn in First Results Under Access Bank
National Bank of Kenya recorded a profit after tax of KSh 2.39 Bn for the full year ended 31 December 2025, more than doubling the KSh 1.06 Bn posted in 2024. The results, the first filed under Access Bank Plc following its KSh 13.2 Bn acquisition completed in May 2025, were driven by a 13.7% fall in operating expenses, a 37% decline in loan loss provisions, and gross NPLs halving to KSh 15.66 Bn. Earnings per share rose to KSh 0.88 from KSh 0.39. The cost to income ratio improved to 77.5% from 91.7%.Zamara Deal Enters EAC Probe as Amethis Seeks Minority Stake
The EAC Competition Authority has opened an inquiry into a proposed acquisition by Amethis Fund III S.C.A. SICAV-RAIF of a 39.5% stake in Zamara Holdings Limited,PwC Africa Units Risk Global Ban After World Bank Sanctions
Under the Agreement for Mutual Enforcement of Debarment Decisions signed in April 2010, sanctions imposed by one participating multilateral development bank can be enforced by others,Uganda's Parliament Approves New Copyright Law With Harsher Penalties
Uganda’s Parliament has passed sweeping amendments to its copyright law, introducing stricter penalties for infringement, tighter rules on royalty collection and broader protectionWilliamson Tea's CEO Transition Marks 10th Listed C-Suite Shift in a Year
Williamson Tea Kenya and Kapchorua Tea Kenya have announced the retirement of Alan Carmichael as Managing Director and CEO effective 31 March 2026, ending an 18-year tenure and a career spanning five decades in the tea industry. His successor, Angus Nyariki Omete, takes over on 1 April 2026. Omete joined the company as a graduate trainee in November 1999 and has spent his entire 26-year career within the group, rising to Group Chief Financial Officer. The transition is the 10th top-level leadership change at an NSE-listed company in the past 12 months.
