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NSE Last Week: Indices Advance as Turnover Rises and Foreign Outflows Ease
The NSE closed Week IV with modest gains across major indices as turnover rose 24.65% to KSh 3.2Bn.
Cash in Circulation Rises to KSh 357Bn as Bank Withdrawals Outpace Deposits
Kenya’s currency in circulation rose 7.0 percent to KSh 357.02 billion in the year to June 2025, up KSh 23.2 billion, after net withdrawals from the Central Bank of Kenya reached KSh 23.23 billion. Banknotes grew 7.1 percent to KSh 345.64 billion, while coins rose 3.2 percent to KSh 11.38 billion. Currency inflows fell 7.8 percent to KSh 476.32 billion and outflows declined 6.6 percent to KSh 499.56 billion, indicating slower cash recycling.KenGen Seeks Shareholder Approval for Board and Governance Reforms
Kenya Electricity Generating Company has called a February 12 extraordinary general meeting to seek shareholder approval for governance reforms covering board composition, director tenure, and appointment rules. The proposals amend the Articles of Association, allow virtual voting, and aim to clarify state and minority shareholder roles. The move follows a similar notice by Kenya Reinsurance Corporation, signalling a broader push to reset governance at listed state-owned firms.Kenya Pipeline's KSh 106.3Bn Privatization to Support National Budget
The Kenyan government plans to raise KSh 106.3 billion from the sale of a 65% stake in Kenya Pipeline Company, positioning the IPO as a key source of non-debt financing for the FY2025/26 budget. The proceeds will accrue to the National Treasury as Kenya faces a projected budget deficit of about KSh 923 billion, delayed IMF support, and rising borrowing needs. The transaction forms part of a broader shift toward asset sales to support development spending while containing debt growth.Bamburi Cement's Former Owner LafargeHolcim EA Moves Closer to Liquidation
LafargeHolcim East Africa Limited is set to hold its final members’ meeting later this month as the company moves to formally conclude its voluntary liquidationKenya Pipeline IPO Prices At KSh 9 per Share, Valuing State Fuel Transporter At KSh 163.6 Billion
Kenya Pipeline Company has priced its IPO at KSh 9.00 per share, implying an equity valuation of about KSh 163.6 billion ahead of its planned NSE listing in March. The pricing is anchored on an earnings-based approach, using an implied EV/EBITDA multiple of 8.1x applied to FY2025 EBITDA of KSh 18.59 billion, translating to an enterprise value of about KSh 150.6 billion. The government is selling a 65% stake, with gross proceeds of roughly KSh 106.3 billion accruing to the National TreasuryEquity Bank Faces Litigation Threat as South Sudan Cash Runs Dry
Equity Bank’s Juba branch is facing a formal legal threat over its inability to release cash to a customer, a dispute that exemplifies South Sudan’s deepening liquidity crisisLiberty Kenya Issues Profit Warning, Citing Claims Pressure And Investment Income Decline
Liberty Kenya Holdings Plc warned on Monday, January 19, 2026, that profit after tax for the year ended December 31, 2025, will fall by at least 25 percent from 2024 levels. The insurer cited weaker investment income, higher claims experience and an accounting loss from the disposal of its Heritage Insurance Tanzania stake. Liberty Kenya reported profit after tax of KSh 1.40 billion in 2024. Shares were unchanged at KSh 10.30 in early trading.Exclusive: Inside Kenya Pipeline's KSh 163 Billion IPO
Kenya is preparing to launch the long-awaited Kenya Pipeline Company (KPC) IPO, a KES 100 billion deal expected to reshape the Nairobi Securities Exchange (NSE).
NSE Week 3: Indices Advance, Trading Activity Slows as Foreign Outflows Deepen
The NSE posted further gains in the week III ended Jan 16, 2026, with all major indices closing higher as the NASI rose 1.04%. Trading activity cooled, with turnover slipping to KSh 2.57Bn, while foreign investors recorded a KSh 1.1Bn net outflow. Banks and Safaricom supported index performance as the market consolidated after a strong start to the year.I&M Group Lifts Stake In Tanzania Unit To 95.5% As Minority Shareholders Exit
I&M Group PLC has raised its ownership in I&M Bank (T) Limited to 95.5% after acquiring shares previously held by PROPARCO and Microfinance East Africa Ltd. The stake increase from 84.9% follows receipt of all corporate and regulatory approvals and consolidates the group’s control of its Tanzanian unit, according to a board notice dated January 13, 2026.
