News

SpaceX shares briefly fell below their IPO price on Wednesday, marking a sharp reversal from the excitement that followed the company’s record listing in June. The stock dropped to $132.28 before recovering to close at $135.27, just above the $135 […]

Central Bank of Kenya Governor Kamau Thugge expects the shilling to remain relatively stable, supported by strong foreign exchange reserves and continued financial inflows despite disruption from the Middle East conflict. Speaking at the 23rd East African Banking School Conference […]

Art remains the most sought after collectible among wealthy Kenyans, while watches have overtaken classic cars as investors seek assets that combine personal enjoyment with the potential for financial returns. Knight Frank’s Wealth and Investment Trends Report 2026 shows that […]

Safaricom transferred 20.1 million shares valued at Sh707.5 million to qualifying employees in the financial year ended March 2026, up from 15.4 million shares a year earlier. The shares were distributed through the Employee Performance Share Award Plan, a long […]

The Nairobi Securities Exchange has moved a step closer to Sacco listings as it works with government agencies, regulators and leaders in the co-operative societies sector to develop the infrastructure, platform and guiding principles needed for trading Sacco shares. The […]

The Kenya Revenue Authority collected a record Sh2.844 trillion in the financial year ended June 2026, up 10.6% from Sh2.572 trillion a year earlier. The increase added about Sh273 billion to collections, but was not enough to meet the Sh2.969 […]

Up to 2.4 million more Kenyans could fall into extreme poverty in 2026 as the Middle East conflict drives up fuel, transport and food costs, the World Bank has warned. In its July 2026 Kenya Economic Update, the Bretton Woods […]

Kenya’s economy opened 2026 on a stronger footing, supported by faster growth in tourism, manufacturing and construction, even as rising food prices and a widening current account deficit (the gap between what Kenya earns from abroad and what it spends […]

Kenya’s capital markets regulator is seeking to acquire a blockchain analytics system that would allow it to monitor cryptocurrency transactions, flag suspicious activity and strengthen oversight of the fast growing virtual assets market. The Capital Markets Authority (CMA) has invited […]

President William Ruto has signed the Sovereign Wealth Fund Bill, 2026 into law, creating a legal framework for Kenya to save part of its natural resource revenues, finance strategic infrastructure and cushion the economy from future shocks. The new law […]