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The Kenyan Wallstreet

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Stay Up to Date with the Latest Business News and Market Updates From Kenya and across the Region. www.kenyanwallstreet.com

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  • The Kenyan Wallstreet

    23 Sept, 12:36

    Listing AlertQuickmart has announced plans to list on the NSE’s Main Investment Market Segment, with sole shareholder Sokoni Retail Kenya proposing to sell 2 billion existing shares, equivalent to 50% of the retailer.No new shares will be issued and Quickmart will receive no proceeds from the offer, which is expected to launch around 30 September, subject to CMA and NSE approvals.Quickmart operates 72 stores across 16 counties and estimates it holds 15% of Kenya’s modern grocery retail market. It recorded KSh 50.43Bn revenue and KSh 1.51Bn net profit in 2025, while H1 2026 revenue reached KSh 27.27Bn.
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  • The Kenyan Wallstreet

    22 Sept, 17:00

    Today at the Bullish Africa Annual Summit 2026, our opening panel explores Africa’s Unspoken Investment Opportunity.Moderated by Julians Amboko of Nation Media Group, the conversation brings together British Robinson of Milken Institute International, John Gachora of NCBA Group and Anna Sophie Herken of GIZ.Together, they’ll examine where Africa’s investment opportunities remain overlooked, what continues to shape global perceptions of risk and how better market intelligence can help turn potential into committed capital.The conversation starts today in New York City at the Marriot Marquis, Westside Ballroom.Few slots remaining. Secure your attendance via wallstreet.africa/bullish#BullishAfrica2026 #BullishAfrica
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  • The Kenyan Wallstreet

    22 Sept, 17:00

    Prime Bank was Kenya’s biggest market-share gainer in 2025, with its CBK weighted index jumping 1.4 percentage points to a record high 4.3%, up from 2.9% in 2024 and just 0.7 points below the 5% Tier One threshold.The lender ranked 10th nationally, up from 16th in 2016 when its share stood at 1.8%.The gain came alongside strong balance-sheet growth, with assets rising 45% to KSh 274Bn, deposits increasing 19.1% to KSh 171.2Bn and shareholders’ funds more than doubling to KSh 100Bn.Prime has also been expanding its branch network while rolling out new remittance, payments and corporate digital banking products.
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  • The Kenyan Wallstreet

    22 Sept, 16:59

    KCB Bank Kenya widened its lead over Equity Bank Kenya to 5.5 percentage points in 2025, the widest gap in CBK’s market-size series since at least 2012.KCB Bank Kenya’s weighted market share rose to 17.3% from 16.6% in 2024, while Equity Bank Kenya fell to 11.8% from 12.8%.The two entities had come within just 0.24 points of each other in 2021, when KCB stood at 13.81% and Equity at 13.57%. Since then, KCB has gained 3.49 points while Equity has lost 1.77 points. KCB’s 2025 share remained just below its 17.4% peak in 2023.The widening gap also reflects faster balance-sheet growth. Between 2021 and 2025, KCB Bank Kenya’s net assets rose from about KSh 826Bn to KSh 1.50Tn, while Equity Bank Kenya’s increased from about KSh 877Bn to KSh 1.04Tn.KCB also moved ahead on deposits over the period, reaching about KSh 1.15Tn in 2025 versus Equity’s KSh 849Bn.
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  • The Kenyan Wallstreet

    22 Sept, 16:59

    Kenyan banks’ subsidiaries outside Kenya ended 2025 with KSh 2.46Trillion in assets, KSh 1.83Trillion in deposits, KSh 1.13Trillion in gross loans and KSh 87.62Billion in profit before tax.Regional assets rose 14.5% in 2025, loans 17.0% and PBT 19.4%.DRC was the standout market, with assets crossing KSh 1Tn for the first time and accounting for 41.0% of regional assets, 42.7% of deposits, 39.2% of loans and 49.3% of profits.The regional business has expanded sharply since 2016, when subsidiaries held KSh 445Bn in assets, KSh 348.7Bn in deposits and KSh 242.4Bn in loans, with PBT of KSh 8.8Bn.Over nine years, assets have grown more than fivefold and profits nearly tenfold, while DRC has displaced Tanzania as the dominant market.
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  • The Kenyan Wallstreet

    22 Sept, 07:34

    🚨 FINAL WEEK TO ENTER 🚨Don't miss out on your opportunity to gain national recognition as one of the Best Places to Work in Kenya in 2026! 🇰🇪Enter the Kenyan Best Places to Work 2026 Awards, powered by WorkL, by this Monday, 28th September and showcase your organisation's commitment to exemplary employee experience.Get featured in The Kenyan Wall Street and unlock market-leading employee insights to help attract and retain top talent.👉 Enter today at https://ow.ly/pGOs50ZPzv7#BestPlacesToWork #WorkLforBusiness #BPTW2026 #Kenya #EmployeeExperience #Recognition #EmployerBranding
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  • The Kenyan Wallstreet

    22 Sept, 05:53

    The East African Community's Capital Markets Sub-Committee has met in Kampala for the first time since 2019, bringing together regulators, stock exchanges, and central securities depositories from member states to advance cross-border listing, trading, and settlement frameworks.The EAC's four operational exchanges, the NSE, RSE, DSE, and USE, collectively list 110 companies, with Kenya's NSE accounting for 62. The sub-committee endorsed revised terms of reference and agreed on a regional business requirements framework to guide technical integration work.The revival comes as the EAC targets a single currency by 2031, with the Monetary Affairs Committee projecting regional growth of 5.2 percent in 2026, though no member state has yet met all four primary macroeconomic convergence criteria.
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  • The Kenyan Wallstreet

    20 Sept, 13:33

    🔴 LIVE NOW: Unstoppable Africa 2026We're on the ground in New York bringing you live coverage of Africa's most powerful conversations on business, investment, and innovation as heads of state, CEOs, and global investors gather to talk deals, not just ideas.Tune in now and watch it unfold in real time 👇https://www.youtube.com/live/oSlWQ5zgR10?si=B9Vua_RFPVbCTIoU
    YouTubeLIVE: Unstoppable Africa 2026 || Global Africa Business InitiativeJoin The Kenyan Wall Street for coverage of Africa’s most powerful conversations on business, investment, and innovation. #UnstoppableAfrica #GABI ---------------------------------------------------------------- Follow our social media platforms to stay…
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  • The Kenyan Wallstreet

    18 Sept, 11:31

    NCBA Group has added private motor insurance to its LOOP app, allowing customers with valid vehicle logbooks to compare quotes, buy, and renew policies digitally through NCBA subsidiaries LOOP DFS and NCBA Insurance.Customers can choose from three products: Third Party Cover, Standard Comprehensive Cover, and Premier Comprehensive Cover. NCBA Insurance CEO Stella Njung'e said the service aims to simplify the insurance process in Kenya, where insurance penetration stands at about 2.4 percent.
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  • The Kenyan Wallstreet

    18 Sept, 08:08

    For salaried workers, tax relief is ultimately measured by what remains on the payslip.The Kenya Bankers Association (KBA) proposes wider PAYE bands taxed at 10%, 15%, 20%, 25% and 30%, alongside an increase in monthly personal relief from KSh 2,400 to KSh 3,000.KBA argues the changes would ease the tax burden on salaried workers, increase disposable income and better align the tax system with Kenya’s broader tax-policy objectives.Under the proposed structure, and assuming NSSF, SHIF and the Affordable Housing Levy remain unchanged, workers across the selected salary bands would see higher monthly take-home pay:➠ KSh 30K salary: +KSh 731 a month ➠ KSh 50K: +KSh 3,615 ➠ KSh 80K: +KSh 6,563 ➠ KSh 150K: +KSh 11,241 ➠ KSh 300K: +KSh 18,422At KSh 80,000, monthly take-home would rise from KSh 57,877 to KSh 64,440, equivalent to about KSh 78,760 more a year. At KSh 300,000, the
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  • The Kenyan Wallstreet

    18 Sept, 08:07

    CBK accepted KSh 42.69Bn out of KSh 42.72Bn in bids in the latest T-Bill auction.Demand remained strongest in the 91-day, while the 364-day was slightly undersubscribed.• 91-day: 23.23Bn @ 8.7837% (▲1.63bps) • 182-day: 10.05Bn @ 8.9099% (▼1.97bps) • 364-day: 9.42Bn @ 9.0566% (▼0.99bps)Net Repayment: KSh 5.76Bn
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  • The Kenyan Wallstreet

    18 Sept, 06:38

    Consumption is the lifeblood of the real economy. Payslip relief isn't optional, it's essential. That's the case being made by banks, economists, and businesses watching consumer demand slow.Kenyan households spent KSh 8.12 trillion in 2024, spending that keeps businesses running and jobs intact. With Treasury's own CEOs Survey showing companies reporting weak consumer demand, the Kenya Bankers Association argues the fix is direct: its proposed PAYE cut could release KSh28.1 billion into household income, generating a further KSh42 billion in output and supporting roughly 36,000 jobs.The counter-argument is real too. Treasury has cited an estimated KSh35 billion annual revenue gap from the relief, a cost that has to be financed somehow. The question isn't whether consumption matters to growth. It's whether this is the right way to boost it, or whether relief funded by borrowing just
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  • The Kenyan Wallstreet

    16 Sept, 13:25

    Equity Group is seeking regulatory approval to add a microinsurer in Kenya and two underwriting companies in the Democratic Republic of Congo, requiring about KSh3.47 billion in capital, following shareholder approval on June 24, 2026.The expansion builds on rapid growth in Equity's Kenyan insurance business, where gross written premiums rose 75% to KSh9.17 billion in 2025 and grew a further 30% to KSh4.50 billion in the first half of 2026. Equity plans to distribute insurance through its 23.3 million customers and 92,572 agents, targeting Kenya's informal workforce, which accounts for 83.6% of the labour force but only 0.4% of microinsurance premiums.https://kenyanwallstreet.com/equity-insurance-ad
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  • The Kenyan Wallstreet

    16 Sept, 13:12

    Kenya's Senate Committee on County Public Investments and Special Funds directed Nairobi and Mombasa counties to submit detailed pension debt settlement strategies after validation efforts failed to resolve outstanding differences.The Local Authorities Provident Fund is seeking about KSh39 billion from Nairobi, including KSh6.7 billion in principal and KSh30 billion in penalties, while Mombasa's liability stands at KSh1.213 billion.Kenya's Retirement Benefits Authority reported unremitted pension contributions rose 12.3% to KSh47.16 billion ($365 million) in the year to June 2024, with committee chairman Senator Johnes Mwaruma demanding independently verified figures before any settlement.
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  • The Kenyan Wallstreet

    16 Sept, 09:38

    Safaricom's Pata More campaign aims to give M-PESA customers additional benefits on services they already use, part of the company's broader push to deepen financial inclusion beyond basic money transfers.The initiative complements Safaricom's My OneApp platform, which consolidates connectivity and other services into a single digital access point. The campaign targets small traders, MSMEs, and everyday users, positioning M-PESA as a tool for payments, savings, business management, and participation in the digital economy.https://kenyanwallstreet.com/nairobi-mombasa-pension-debt
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  • The Kenyan Wallstreet

    16 Sept, 06:26

    Kenya's system works differently. PAYE applies at 10% from the very first shilling of taxable income, there's no true zero-rate band. What Kenya offers instead is a personal relief of KSh2,400 a month, which functions as a tax credit rather than an actual exemption. In practice, it softens the blow slightly, but it doesn't change the underlying structure: low earners in Kenya start contributing to the tax system earlier than their counterparts across the region.This matters most for the workers with the least room to absorb it. Someone earning close to minimum wage in Uganda or Tanzania keeps their entire income until they cross a defined threshold. Their counterpart in Kenya is already paying tax before their first deduction for NSSF, SHIF, or the Housing Levy is even applied.It's one of the reasons PAYE relief conversations in Kenya keep returning to the lower end of the income
  • The Kenyan Wallstreet

    16 Sept, 06:26

    In Kenya, you start paying tax on your very first shilling. Most of East Africa doesn't work that way.It's easy to think of tax-free thresholds as a technical detail buried in a finance ministry document. In practice, they decide how much of a low earner's first paycheck they actually get to keep.Uganda exempts the first UGX 2.82 million of annual income, roughly UGX 235,000 a month before any tax applies. Tanzania doesn't tax the first TZS 270,000 earned monthly. Egypt exempts the first EGP 40,000 a year. Ethiopia raised its own threshold in 2025 to ETB 2,000 a month. Each of these countries has decided that income below a certain floor shouldn't be taxed at all.
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  • The Kenyan Wallstreet

    15 Sept, 14:52

    Safaricom has announced a series of changes to its M-PESA ecosystem through the Pata More campaign, making Pochi transactions of up to KSh 200 free and raising the Lipa na M-PESA Buy Goods Kadogo threshold from KSh 200 to KSh 500.The changes are aimed at reducing the cost of small-value digital payments for consumers and merchants, supporting small businesses that handle high volumes of low-value transactions daily.Pochi la Biashara also brings together business credit, savings, insurance, connectivity, and airtime sales to help merchants separate business and personal funds and manage cash flow more effectively.https://kenyanwallstreet.com/digital-payments-pata-more-ad
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  • The Kenyan Wallstreet

    15 Sept, 10:12

    The Kenyan Wall Street is proud to be the Official Media Partner for Unstoppable Africa 2026. 🌍Taking place on September 20–21 in New York, Unstoppable Africa brings together influential leaders, investors, policymakers and business minds to shape conversations around Africa’s growth, investment, sustainability and economic transformation.Under the theme “Powering Business, Scaling Economies, Shaping the Future,” the event will spotlight the ideas, partnerships and capital shaping Africa’s future.We look forward to bringing you the conversations and insights from Unstoppable Africa 2026.📍 New York Marriott Marquis, Times Square 📅 September 20–21, 2026#UnstoppableAfrica2026 #GABI #TheKenyanWallStreet
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  • The Kenyan Wallstreet

    15 Sept, 08:55

    Equity Group Holdings has been ranked among the world’s top-performing banks in the 2026 Forbes banking rankings, developed in partnership with Statista.The Kenyan lender placed 71st among lower mid-size banks in a list covering 500 banks across 89 countries.The ranking assessed banks based on profitability, growth and earnings quality, capital and funding resilience, asset quality and efficiency.Co-op Bank, KCB and Stanbic also featured among the Kenyan banks listed.
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