CBK's May Bond Switch Draws 76.14% of Target Despite Offering Coupon Gain
CBK's sixth switch drew KSh 7.61Bn against KSh 10Bn target (76.14% performance). KSh 4.53Bn accepted at 13.41% yield. Non-competitive bids drove 73% of uptake. Programme momentum fades after April and May both miss target following oversubscriptions in January and March.
EPRA Cuts Diesel by KSh 10.06, Kerosene Up by KSh 38.60 After Transport Strike
EPRA revised Kenya's May-June fuel prices on May 18 after a nationwide transport strike left two dead. Diesel falls KSh 10.06 to KSh 232.86, kerosene rises KSh 38.60 to KSh 191.38, and petrol holds at KSh 214.25 to narrow the adulteration gap.CS Mbadi Defends Fuel Taxes as Matatu Strike Piles Pressure on Government
Cabinet Secretary John Mbadi said the government recognised the severity of the crisis but argued that the fuel price shock was largely being driven by global events
Safaricom Falls Back Below Pre-Results Share Price, Co-op Surges 10.5% in Week 20
The NSE posted a second straight split week. Safaricom fell 6.68%, erasing its record-earnings rally, while Co-op Bank surged 10.54%. Asahi was cleared for the EABL takeover. Oil rose to $94.84, the 91-day T-bill hit 8.32%, and foreign investors sold KSh 371.81M.Kenya's Diaspora Remittances Ease to KSh 51Bn in April
Kenya diaspora remittances fell 5.9% YoY to US$ 397.78Mn (KSh 51.39Bn) in April 2026, retreating from a record US$ 450.29Mn in March. YTD Jan-Apr sits at US$ 1.67Bn, up 1.0% YoY. North America fell 13.8% MoM. The World Bank flagged up to US$ 40Mn in monthly Gulf losses from the Iran conflict.Dangote Refinery, FX Reserves Boom Earn Nigeria First S&P Upgrade in 14 Years
S&P upgraded Nigeria to B from B- on May 15, 2026, its first upgrade in 14 years, completing a three-agency sweep with Fitch and Moody's. Drivers include the Dangote refinery operating at 650,000 bpd, FX reserves at $50 billion, and a current account surplus projected at 5.8% of GDP in 2026.Kenya's Public Debt Hits KSh 12.84 Trillion
Kenya's public debt hit KSh 12.84 trillion in February 2026, pushing debt-to-GDP to 69.5% and nearing the 2023 peak, as debt service consumed KSh 1.72 trillion in FY2024/25.Finance Bill 2026 Ends VAT Relief For Affordable Housing Materials, Tourism Sector
The Finance Bill 2026 has proposed to raise taxes on tourism, aviation, and affordable housing while exempting VAT on phones, electric transport, and key medical suppliesAfrica CEO Forum: Nigeria's Tinubu Calls for Pan-African Commodity Exchange to Cut Dollar Dependence
At the ongoing Africa CEO Forum, Nigeria's President Bola Ahmed Tinubu has called for the establishment of a continent-wide African commodity exchange platform.Kenya's Treasury Bill Rates Rise for Fifth Straight Auction on Inflation Jump
Kenya's 91-day T-bill rate has risen for five straight auctions since late April 2026, climbing from a floor of 7.40% to 8.32%. The reversal follows the end of the CBK's 10-cut easing cycle, a jump in inflation to 5.6%, and a record KSh 1.1 trillion domestic borrowing target for FY2026/27.Senators, Roads Ministry Clash Over Control Of the Fuel Levy
A clash has emerged between the Senate and the Ministry of Roads and Transport over the control of the fuel levy, which generated roughly KSh 120 billion in 2025CBK Accepts KSh 94Bn in First Triple-Tranche Auction of FY2025/26
CBK accepted KSh 94.04Bn from its May triple-tranche reopening against a KSh 80Bn target, but KSh 57.13Bn in redemptions cut net borrowing to KSh 36.91Bn. FY2025/26 net borrowing reaches KSh 804.66Bn, 91% of the revised KSh 885.9Bn domestic target.
