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KESONIA, Lower Rates, and the New Profit Test for Kenya's Banks- Wall Street Africa FY25 Kenya Banking Sector Report
After nearly two years of strong macro tailwinds, banks are now being forced to prove how much of their profitability was structural and how much was simply helped by high interest rates, elevated Treasury bill yields and foreign exchange volatility.
Wall Street Africa Group Launches Inaugural Kenya Banking Sector Report
Wall Street Africa Group’s inaugural banking sector report shows that FY2025 marked the end of easy earnings for Kenyan banks. FY2026 now set to test which institutions can sustain performance in a lower-rate, tighter-margin environment.
Kenya's Fuel Shortages Bite Despite State Assurances
Dangote Outlines Plan to Grow Group Revenue to US$100bn
In its “Vision 2030: Supercharging Dangote Group for Long Term Success”, presented to Afreximbank's board and estimated to require at least $40 billion in new investments,
Private Capital Firm Targets US$ 6bn for LAPSSET Buildout
Afri Fund Capital plans to issue debt across multiple markets, with listings on the Nairobi Securities Exchange (NSE) and the London Stock Exchange (LSE) alongside a third exchange in the Middle East or Asia.
Nigeria's Zenith Bank Completes Paramount Bank Kenya Acquisition
Zenith Bank Plc has completed the acquisition of Paramount Bank Kenya Limited, gaining its first East African foothold. The deal covers the bank's entire share capital plus subsidiaries PB Capital and Paramount Bancassurance. Paramount posted a KSh370 Mn profit in FY2025 on total assets of KSh17.11 Bn. The acquisition price was not disclosed.
Kenya’s EV Growth Still Has Little Impact on Power Demand
Electric mobility consumption remained dwarfed even by public utilities such as street lighting, which used 66.41 GWh over the same period.
Del Monte Kenya Advocates for Safer, More Accountable Security with Dedicated Police Unit
Del Monte Kenya Ltd, a grower, producer, and the largest single exporter of Kenyan products, has entered into a formal partnership with the Administration Police Service (APS)
Central Bank of Kenya Holds Rate Steady at 8.75%, Flags Middle East Conflict as Key Risk
The Central Bank of Kenya held its benchmark rate at 8.75% on April 8, pausing a record 10-consecutive-cut easing streak for the first time since June 2024. The MPC cited rising oil prices driven by the Middle East conflict, with Murban crude up from USD 63 in December 2025 to nearly USD 98 by late March 2026. Inflation stood at 4.4% in March, the current account deficit projection was revised up to 3.0% of GDP for 2026, and GDP growth was revised down to 5.3%.CBK Trims 2026 GDP Growth Forecast to 5.3% as Middle East Conflict Raises Energy and Current Account Risks
Kenya's economy grew an estimated 5.0% in 2025, up from 4.7% in 2024, but the 2026 growth projection has been trimmed to 5.3% from 5.5% as the Middle East conflict raises energy costs and widens the current account deficit. Headline inflation stood at 4.4% in March 2026, within the 2.5%-7.5% target range. The current account deficit widened to 2.4% of GDP, with the 2026 projection revised up to 3.0% of GDP. Forex reserves stood at USD 13,354 mn, equivalent to 5.68 months of import cover.
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.