Mansa Funds Post Double-Digit Returns in 2025 Across KES and USD Portfolios
Mansa’s flagship funds closed 2025 with strong double-digit growth, led by a 20.74% net return in KES and 13.37% in USD.
Olympia Capital Hits 2010 Highs, NASI Index Extends Early 2026 Gains
The NSE opened the second week of 2026 on a firmer note as the NASI rose 1.07%. Olympia Capital traded at 9.00, its highest level since 2010, following a 184% one-year gain. Turnover reached KSh 147.2M, while foreign investors remained net sellers.
Foreign Investors Exit NSE for Sixth Straight Year as Local Capital Drives Rally
The NSE posted strong gains in 2024 and 2025, even as foreign investors remained net sellers for a sixth straight year. Net foreign outflows reached KSh 11.6Bn in 2025, with selling concentrated in September and November. Foreign participation fell to multi-year lows, while pension funds, insurers, asset managers, and retail investors absorbed supply.Treasury Bill Rates Fall to Four-Year Lows After 2024 Peak
Kenya’s Treasury bill rates have fallen to four-year lows, fully unwinding the 2022–2024 tightening cycle. By early January 2026, the 91-day bill stood at 7.73%, the 182-day at 7.80%, and the 364-day at 9.21%, each down more than 200 basis points year-on-year. The decline reflects sustained central bank rate cuts, easing inflation, improved liquidity, and tighter auction discipline, pushing yields back to late-2021 levels.Kenya Opens Sugar Market to COMESA After 24 Year Safeguards
After two decades of tariff protection, Kenya has opened its sugar market to regional competition, betting structural reforms and private mill leasing offset higher local production costs.Malawi Stock Exchange Leads African Markets With 248% Gain in 2025
The Malawi Stock Exchange delivered Africa’s strongest equity performance in 2025, rising 247.63%, far ahead of all regional peers. The rally was driven by sharp repricing in a small group of heavyweight stocks, led by National Investment Trust, FMB Capital Holdings, NBS Bank, NICO Holdings, FDH Bank, and Press Corporation, many of which posted triple-digit gains. Thin liquidity, low free float, and rising investor demand amplified price moves, while high inflation and kwacha weakness pushed equities as a store of value. The surge reflected concentration and valuation reset rather than broad economic expansion.Bond Trading Hits Record at NSE as Banks Drive KSh 2.7 Trillion Turnover
Kenya’s bond market recorded a sharp rise in activity in 2025, with turnover at the Nairobi Securities Exchange jumping nearly 74% year on year to KSh 2.69 trillion. The increase was driven almost entirely by Treasury bond trading as banks and insurers stepped up balance-sheet repositioning following policy rate adjustments. Financial institutions hold about 80% of domestic government debt, making them the main source of liquidity, while corporate bond trading remained negligible.Why Green Investments Like Safaricom's New Bond Are Largely Tax-Free
Kenya is increasingly using tax incentives to accelerate green investments, with interest earned on qualifying green bonds often exempt from withholding tax. Safaricom’s latest green corporate bond demonstrates how issuers can leverage these incentives to offer higher net returns to investors while funding renewable-energy and sustainability projects.WPP Scangroup Issues Fourth Profit Warning in Five Years
WPP Scangroup has issued a profit warning saying group earnings for the year ending December 2025 will fall by at least 25% from 2024. Management cited weaker client spending, loss of a material account, lower interest income and restructuring costs above KSh 160 million. This marks a third consecutive profit warning and the fourth in five years. Recent results show unstable profitability, with profit after tax swinging back to a loss in 2024 after a brief recovery, underscoring persistent pressure on the group’s earnings base.Retail Investors Take Center Stage as Safaricom’s Green Bond Lists on the NSE
Art as an Asset Class
Today, the global art market has matured into a multibillion-dollar industry attracting high-net-worth individuals, fund managers, and institutions.Why a USD Agri-Industrial REIT Could Be Kenya’s Most Strategic New Asset Class
As investors search for USD income, real-asset protection, and measurable ESG impact, a new USD-denominated agri-industrial REIT anchored on food systems, storage, processing and logistics is emerging as a timely solution.
