KRA Faces KSh 932 Billion Final-Quarter Gap
Kenya’s tax authority crossed the KSh 2 trillion mark in revenue collection for the first nine months of the 2025/26 fiscal year, but now faces a sharper climb to meet its full-year target
Faulu Loss Halves to KSh 496 Mn, NPL Edges toward 30%
Faulu Microfinance Bank, a member of the Old Mutual Group, narrowed its net loss 50.8% to 496.4 Mn for the full year ended 31 December 2025, from 1.010 Bn in 2024. Total income fell 8.8% to 3.091 Bn as loan interest contracted on a shrinking advances book. Staff costs were cut 28.9% to 889.2 Mn and finance costs fell 71.0% to 101.0 Mn after external borrowings were fully repaid. Capital ratios remain below statutory minimums, with core capital to deposits at 6.7% against an 8.0% floor.
Kenya's Top Energy Officials Resign Over G2G Fuel Scandal
Kenya's Executive Office of the President has announced the resignation of three senior energy officials: PS Mohamed Liban, KPC Managing Director Joe Sang, and EPRA Director General Daniel Kiptoo Bargoria, following a DCI investigation into an alleged scheme to falsify national fuel stock data and trigger emergency procurement outside the G2G framework. The shipment, carried aboard MV Paloma and docked in Mombasa on 27-29 March 2026, was procured above contracted rates and found non-compliant due to elevated sulphur levels. Investigations continue.Africa's Growing Shift To Digital Policing Spurs Debate
Governments across the world are turning to digital policing systems to improve crime detection, manage information and respond faster to security threats.
March Wipes KSh 343Bn From NSE Shareholders as Middle East War Bites
The NSE closed March 2026 with every major index down between 8.5% and 10.5%. The NSE 10 led losses at -10.49%, the Banking Index fell 8.89%, and the NASI declined 9.84%. Only 7 of 69 listed stocks gained. Foreign investors sold KSh 4.28Bn net across 17 of 22 sessions. Market cap fell KSh 179Bn to KSh 3.23Tn, though the KPC listing in early March masks a deeper KSh 343Bn hit to existing shareholders. Week 13 erased KSh 231Bn, the second worst week since 2008. Banks closed at a median 5.4x P/E and 8.3% dividend yield amid record earnings.Kenya's Listed Firms Post Highest Governance Score in 8yrs, Mandatory ESG Disclosures Loom for 2027
Kenya's 53 listed issuers scored 78.88% on the Capital Markets Authority's FY2024/2025 corporate governance scorecard, the highest in eight years of assessments and only the second time the Leadership Rating threshold has been crossed. Leadership-rated companies rose from 27 to 38 while Needs Improvement issuers fell from 4 to 2, down from 17 in FY2017/2018. All seven CG Code principles reached Leadership Rating simultaneously for the first time. Agriculture remains the only Fair-rated sector at 62.80%. Mandatory IFRS S1 and S2 sustainability disclosure standards are targeted for adoption from January 2027.Kenya's Listed Companies Have Been Shortchanging Shareholders, CMA Report Reveals
Kenya's Capital Markets Authority FY2024/2025 governance report has found that listed companies are delegating to their boards the approval of policies expressly reserved for shareholders under Clause 8.21 of the POLD Regulations 2023, conducting AGMs too short for shareholders to question management, and have for years operated boards filled with directors misclassified as independent. Sixteen of 53 assessed companies have not reached Leadership Rating on the Rights of Shareholders principle. The Agricultural sector scored 62.22% on shareholder rights, the weakest sectoral performance. The Minority Shareholders Association of Kenya has been formally registered in response to these accumulated failures.NSE, Standard Group Appoint Catherine Kawira as Company Secretary
The Nairobi Securities Exchange and Standard Group PLC have appointed Catherine Kawira Bariu as Company Secretary at both institutions effective 1 April 2026, replacing Millicent Ngetich who held the role concurrently at both entities. Ngetich, a certified secretary and advocate with over 17 years of experience, served at Standard Group since 2015 and added the NSE role in January 2025. Kawira, formerly of Image Registrars, brings over a decade of experience in corporate governance, regulatory compliance, and legal advisory, including prior stints at the Judiciary and the Capital Markets Authority.Kenya Raises KSh 50.19 Bn in Oversubscribed April Bond Reopening
The Central Bank of Kenya raised KSh 50.19Bn in its April bond reopening, exceeding the KSh 40Bn target by 25%. Combined bids reached KSh 74.89Bn (187% performance rate). The 15-year FXD1/2020/015 cleared at 12.19% yield (price 104.72), while the 25-year FXD1/2018/025 cleared at 12.99% (price 106.89), both below their coupon rates. CBK was selective on the 25-year, accepting 41% of bids at a 2.44x bid-to-cover. Net borrowing through 14 reopenings since July 2025 now totals KSh 737.69Bn, or 83% of the revised FY2025/26 domestic target of KSh 885.9Bn.The Standard Group Confirms Chaacha Mwita as CEO, Fifth Leader in Three Years
Standard Group PLC has confirmed Chaacha Mwita as substantive Chief Executive Officer effective 1 April 2026, ending a nine-month acting arrangement. Mwita, who was forced out of the company in 2014 after clashing with State House over editorial coverage, rejoined as Chief Executive Editor in April 2025 before being elevated to Acting CEO in July 2025. He is the company's fifth CEO in under three years. The appointment comes as Standard Group fights to save six broadcasting licences after a tribunal cleared the Communications Authority to revoke them over Ksh48.87 million in unpaid regulatory fees.Saudi Arabia Wanted Exclusive Rights to Kenya's Cooking Gas Market, CS Wandayi Says
Kenya has walked away from a proposed liquefied petroleum gas (LPG) agreement with Saudi Aramco after rejecting conditions that would have granted the supplier exclusive rights.Qwetu, Qejani operator posts KSh 1.52B Profit as Refinancing Offsets Rental Revenue Slide
Qwetu and Qejani operator Acorn Investment Management posted a combined net profit of 1.52 Bn across its two REITs in 2025, up 9.4%, as a 590 basis point cut in borrowing costs at the income REIT drove a 38% increase in distributions to 0.84 per unit despite a 3.0% decline in rental income. The Development REIT's profit held at 854.22 Mn as rental income more than doubled to 420.14 Mn, though finance costs surged 158.3% to 900.61 Mn to fund an active construction pipeline now extending to Eldoret and Kakamega for the first time.
