Afreximbank Commits US$10 billion to Shield African and Caribbean Economies
Afreximbank will avail US$10 billion under its Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impact of the ongoing Gulf crisis.
Middle East Conflict Deepens Strain on Kenya’s Economy- Stanbic PMI
The economic shockwaves from the Middle East war are beginning to show up in Kenya’s private sector, with the latest business survey pointing to a demand slowdown colliding with stubborn, locally rooted inflation pressures.
CBK Breaks 19-Month New Issuance Drought With 30-Year Bond
The Central Bank of Kenya is set to issue the FXD1/2026/030, a new 30-year Treasury bond with a 12.50% coupon maturing March 2056, the first fresh bond issuance in 19 months since September 2024. It is paired with a reopened savings development bond (SDB1/2011/030, 12.00% coupon, 14.9 years remaining) in a combined KSh 20Bn offer. The new issue extends the domestic yield curve by a decade and prices at exactly par with zero accrued interest. It is the third bond auction in April, bringing total monthly issuance to KSh 80Bn across two reopenings and a switch. Auction is 15 April, settlement 20 April.
Kenya's FX Stability Anchors I&M Bank’s Push for Transparent, Real-Time Currency Trading via FX Direct
Kenya’s foreign exchange market has entered a period of notable stability, underpinned by strong macroeconomic fundamentals, rising diaspora inflows, and resilient export sectors, according to Henry Kirimania, Director of Global Markets at I&M Bank.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 targetDRC Budgets US$30mn for its Second Census
Kinshasa has mobilised US$30 million from the state budget for the census, while the Republic of Côte d'Ivoire pledged support for data collection equipment and knowledge exchange.AfDB Outlook Report Projects Africa's GDP Will Grow by 4.5% GDP in 2027
Africa's real GDP growth is projected to stabilise at 4.3 percent in 2026 and grow further to 4.5 percent in 2027, the 2026 Africa Macroeconomic Performance and Outlook (MEO) reportKenya 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.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.Treasury CS Mbadi Rules Out New Taxes In Finance Bill 2026
Treasury is betting that tighter enforcement, digital tax collection and broader compliance can raise enough revenue to support the next budget.Women, Older Kenyans and Low-Income Earners Most Anxious Over Debt-Old Mutual Report
Findings from the Old Mutual Financial Wellness Monitor 2025 indicate that about 40% of working Kenyans worry about their debt, a notable improvement from 53% a year earlier.NSE Banking Index Posts Worst Day Since Launch as Four-Day Rout Wipes KSh 215Bn
The Nairobi Securities Exchange lost KSh 64.34Bn on Thursday March 26, extending a four-day selloff that has erased KSh 215.58Bn in market value, the third worst week since 2008. The Banking Index fell 3.91%, its worst session since launching in October 2025, with six of eleven banks dropping more than 4%. KCB traded 8.95 million shares worth an estimated KSh 595M. The selloff is being driven by the Iran war and Strait of Hormuz disruption, with Brent crude above $106 and Kenya facing a fuel price shock at the April 15 EPRA review. Market cap fell to KSh 3,257Bn. YTD gains have narrowed from 12.24% to 5.27%.
