'Unrecovered Loan Principal is Not Tax Deductible' - Tribunal Rules
The Tax Appeals Tribunal has ruled that microfinance lender, Premier Credit Limited, cannot deduct the principal of unrecovered loans from its taxable income
KSh 1,000 in 2019 is Now Worth KSh 670 in February 2026
Kenya’s CPI rose from 100 in February 2019 to 149.20 in February 2026, meaning prices are nearly 50% higher over six years. In real terms, KSh 1,000 from 2019 now buys only about KSh 670, a 33% loss in purchasing power. Inflation has eased to 4.3%, but cumulative price increases remain embedded, keeping pressure on food, transport, housing and school costs as income growth fails to keep pace.
Kenya Condemns Strikes on Gulf Countries as Middle East Conflict Escalates
In a statement, President William Ruto said Nairobi denounced attacks on the United Arab Emirates, Qatar, Saudi Arabia, Iraq, Oman, Kuwait, Jordan and BahrainThe Legal Fault Lines That Could Crumble Kenya's Infrastructure Fund
Kenya’s plan to launch a KSh 5 trillion National Infrastructure Fund, billed as a self-sustaining engine to finance highways, railways and airports without leaning further on taxes or sovereign borrowing, could run into constitutional headwinds.Kenya's Domestic Debt Crosses KSh 7 Trillion for the First Time
Kenya's domestic debt crossed KSh 7 trillion for the first time in February 2026, reaching KSh 7.05 trillion as sustained Treasury issuance pushes local borrowing to successive records. The last three trillion have each been added in roughly 14 months. Banks now hold 35.7 percent of government securities, deepening the sovereign-bank nexus, while 87.4 percent of the FY 2025/26 borrowing target is already deployed.Vivo to Cut LPG Storage by 22% as It Upgrades Mombasa Facility
Absa Bank Kenya Joins MSCI Frontier Markets Index in February Review
Absa Bank Kenya will join the MSCI Frontier Markets Index at the close of trading on 27 February 2026, marking Kenya’s only change in the February review. The addition lifts Kenya’s representation in the global frontier benchmark to seven stocks, with no deletions. Inclusion is expected to trigger passive inflows from index-tracking funds and strengthen foreign investor visibility for both Absa and the Nairobi Securities Exchange.NSE Adds KSh 327Bn in February as Bank Stocks Lead Rally
The Nairobi Securities Exchange closed February sharply higher, adding KSh 326.99 Bn in market capitalization to end the month at KSh 3.41 Trillion, more than double January’s KSh 138.56 Bn gain. All major indices posted double-digit gains, led by the Banking Index. Market breadth was strong, with only seven stocks declining during the month. The rally held despite foreign net selling, supported by strong domestic demand and a clean all-gainer final week.Kenya Returns to Domestic Bond Market with March Reopenings and Bond Switch Offer
Kenya has launched a March reopening of the 2039 and 2046 Treasury bonds targeting KSh 60Bn, alongside a KSh 15Bn bond switch to extend maturities. The move comes after net domestic financing reached KSh 554.96Bn by December, equal to 87% of the FY2025/26 target. The operations signal a shift toward maturity management after heavy front-loaded domestic borrowing earlier in the fiscal year.Truecaller Partners with 365 Digital to Resell Ads in Kenya and South Africa
Truecaller has named 365 Digital as the exclusive reseller of its advertising inventory in Kenya and South Africa, expanding its direct commercial presence in two of Africa’s largest digital ad markets. The partnership will give brands and agencies local access to Truecaller’s mobile-first ad formats and first-party data solutions.Treasury Retires KSh 53.6Bn of Eurobonds After Heavy Demand for 2032 Notes
Kenya accepted US$415.4M (KSh 53.6B) of Eurobonds under its tender offer, fully buying back all 2028 notes tendered and partially accepting 2032 notes after heavy demand triggered proration. The 2032 line saw US$892.1M tendered, nearly three times the accepted amount, resulting in a proration factor of 0.329471. The buyback, funded by a US$2.25B (KSh 290.3B) bond sale, settles on March 3 and retires part of Kenya’s near- and medium-term external debt, easing refinancing pressure while extending maturities to 2034 and 2039.BAT Kenya to Pay KSh 70 Dividend Per Share as Profit Rises to KShs 5.25 Bn
BAT Kenya posted a 17% rise in net profit to KShs 5.25 billion for FY2025 despite a 10% drop in revenue amid rising illicit trade. Strong cost control and improved finance income supported margins, while the company raised its total dividend by 40% to KShs 70 per share.
