I&M Bank Opens KSh 10 Billion Note Offer at 12.20% as Corporate Debt Market Heats Up
I&M Bank has launched a KSh 10 billion fixed-rate note offer at 12.20% p.a. under a KSh 20 billion MTN programme, with a KSh 3 billion greenshoe. The 5.5-year notes list on the NSE on 21 May 2026. The offer arrives as falling CBK rates drive a wave of corporate debt issuances in Kenya.
Inside Kenya's Push For Expanded Alcohol Tracking System to Curb KSh 120bn Tax Losses
Kenya could extend mandatory excise stamps to all alcoholic beverages including second-generation brews as authorities move to plug an estimated KSh 120 billion in annual tax losses
TotalEnergies Kenya Delivers Highest Dividend Since 1999
TotalEnergies Marketing Kenya posted a 46% rise in FY2025 profit after tax to KSh 2.17Bn, driven by EPRA retail margin reform that lifted gross profit 33% to KSh 11.98Bn. The company declared a KSh 3.45 dividend, its highest since 1999, while operating debt-free and doubling aviation revenue to KSh 8.86Bn.
Billions Remain Held in Unclaimed Assets as Claims Decline
The total value of unclaimed financial assets held in Kenya has reached a record high, even as the number of individuals successfully claiming their funds has seen a notable decline.
Kenya's Agriculture GDP Crosses KSh 4 Trillion in 2025 as Pandemic Spike Holds
Kenya's agriculture, forestry and fishing sector generated KSh 4.07 trillion in 2025, equivalent to 23.2% of GDP, its highest share since at least 2009, according to the Economic Survey 2026. The sector remains Kenya's largest, more than three times the size of financial services and manufacturing. Growth slowed to 3.1% from 4.4% in 2024, weighed down by an 8.0% decline in tea production and a 24.7% fall in cane deliveries. Fishing and aquaculture was the standout performer, expanding 16.5%.
Serena Hotels Profit Falls 40% as Forex Gains Fades
TPS Eastern Africa (NSE: TPSE) reported FY2025 PAT of KSh 787m, down 40% from KSh 1.32bn in 2024. The decline reflects a collapse in unrealised FX gains from KSh 655m to KSh 39m as the shilling stabilised. Revenue held at KSh 10.1bn; EBITDA fell 7% to KSh 2.27bn; dividend maintained at KSh 0.35.
Equity Group Eyes Angola, Zambia, Mozambique Acquisitions in Southern Africa Push
Equity Group Holdings is pursuing bank acquisitions in Angola, Zambia, and Mozambique, CEO James Mwangi told Reuters. The move follows record FY2025 profit of KSh75.50 billion and is anchored to the Lobito Corridor trade route. Equity targets 15 African countries by 2030, up from seven today
Matatu, Boda Boda Fare Shock Drives April Inflation
Kenyan households felt the sharpest edge of April’s inflation where it is least avoidable, the daily commute, as a surge in fuel costs cascaded through the transport system and into household budgets.
CBK To Hire Crypto Experts as Virtual Assets Law Takes Shape
The hires sit within the regulator’s Digital Payment Services Division and will anchor both the front-end licensing pipeline and the back-end supervisory regime for Virtual Asset Service Providers (VASPs).
Emirates Installs Starlink on A380 in World First as More Airlines Explore Satellite Internet
In-flight connectivity with low-Earth-orbit satellites has become the latest 'arms race' in aviation, with Starlink, Amazon Leo, and other players competing for contracts with major carriers.
Tullow Challenges KSh 23bn Tax Claim on Kenya Exit
Tullow Oil PLC has formally objected to a KSh 23 billion (US$170million) tax assessment by the Kenya Revenue Authority (KRA), setting up what could be a protracted dispute over the company’s exit from Kenya.
NSE Derivatives Open Interest Contracts Jump From 1 to 12,000 in a Year
NSE NEXT derivatives open interest surged from a single contract worth KSh 48,000 in Q1 2025 to 11,983 contracts valued at KSh 54.36 million in Q1 2026, CMA data shows. Q1 2026 turnover reached KSh 318 million, exceeding the full-year 2025 total of KSh 248.7 million, with February setting an all-time monthly record of KSh 140.9 million since NEXT launched in July 2019.