Safaricom's M-PESA Crosses 40 Million Users in Kenya
Safaricom said M-PESA has reached 40 million monthly active customers in Kenya, marking 19 years since the mobile money platform launched on 6 March 2007.
ALP Industrial REIT Raises US$29.55Mn in Kenya’s First Logistics Property Listing
ALP Industrial REIT raised US$29.55 Mn (KSh 3.82 Bn) after investors subscribed 98.5% of a US$30 Mn restricted offer, positioning Kenya’s first logistics-focused REIT for listing on the Nairobi Securities Exchange on March 11, 2026. The offer attracted institutional backing, including a US$5 Mn commitment from InfraCo Africa for a pipeline asset, lifting total participation linked to the transaction to 115.17% of the offer size.Kenya Pipeline IPO Clears as Retail, Oil Marketers, and Foreign Demand Falls Short
Kenya Pipeline Company’s KSh106.3Bn IPO closed oversubscribed but the final allocation showed strong institutional dominance. Kenyan institutions and East African investors absorbed most of the shares, while retail investors, oil marketing companies and foreign investors missed their quotas. The offer attracted about 70,000 retail investors against a target of two million. Uganda, through the Uganda National Oil Company, and Kenya’s NSSF emerged as key anchor investors in the transaction.Absa Bank Kenya's Increases Dividend by 17% as Profit Rises
Absa Bank Kenya PLC has reported a 10% rise in FY2025 net profit to KShs 22.9 billion, supported by a 32% decline in impairment charges and a 12% increase in non-interest income. Despite lower net interest income, the bank improved efficiency, grew total assets by 6%, and raised its total dividend by 17% to KShs 2.05 per share.
BAT Kenya MD and CFO Exit After Record KSh 70/share Dividend
British American Tobacco Kenya has announced a leadership transition days after declaring a record KSh 70 per share dividend for 2025. Managing Director Crispin Achola will exit in June 2026, while Finance Director Philemon Kipkemoi steps down in March. The board has appointed internal executives Sidney Wafula and Catherine Chepkong’a as successors, signalling continuity amid illicit trade pressure and stable earnings.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.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.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.Limuru Tea Issues Third Straight Profit Warning as Weak Prices Bite
Limuru Tea Plc has issued its third consecutive profit warning, saying FY 2025 profit will fall by more than 25% as rising labour costs and weak tea prices weigh on earnings. The alert marks its fifth warning in a decade and comes amid volatile auction prices and higher national tea output. Limuru joins at least 12 NSE-listed firms that have issued profit warnings over the past year.Standard Group to Pay Radio Africa KSh 1Mn in KSh 230mn EPL Broadcast Dispute
The Standard Group PLC, a listed media company, has been ordered to pay about KSh 1 million for broadcasting live audio commentary of three English Premier League (EPL) matches without authorization
