41 stories
Daily Brief ·
Quickmart's share offer closes at 5pm today: 500 shares minimum at KES 7.50, and no withdrawals
Quickmart's offer of 2,000,000,000 existing shares at KES 7.50 closes at 5:00 pm today, 30 October 2026. The minimum is 500 shares, then multiples of 100; applications cannot be withdrawn; and if buyers take less than 75% of the shares the offer does not go ahead and the money is refunded without interest. Results are due on 6 November and trading on 12 November.
Daily Brief ·
Kenya's 2025/26 budget: revenue fell KES 60.2bn short, and unpaid bills stood at KES 475.5bn
The National Treasury's review of the year to 30 June 2026 shows revenue of KES 3,198.8bn against a target of KES 3,259.0bn, spending KES 172.4bn below plan, and a deficit of KES 1,264.7bn, 6.8% of GDP. National government pending bills stood at KES 475.5bn. The next Budget Statement is scheduled for 18 March 2027.
Daily Brief ·
Uganda's one-year bill rose 3.00 points to 14.50%: UGX 29,980 more a year on UGX 1,000,000
At the Bank of Uganda's auction settled on 22 October 2026, the 364-day Treasury bill rate rose to 14.50% from 11.50% three weeks earlier. All three bills rose: the 182-day to 13.40% and the 91-day to 11.25%. A year earlier the one-year bill paid 14.95%.
Daily Brief ·
Senegal's debt workout, step by step: Board vote and creditor deal still pending
Senegal has an IMF staff deal and a plan to renegotiate what it owes abroad, while keeping CFA franc debt out of it. The dated ladder from the 2024 audit to today, what is done and what is pending, and what Senegal's own XOF auctions have looked like since.
Daily Brief ·
Kenya rises to fifth on Africa's financial markets index, scoring 65 out of 100
Kenya moved from seventh to fifth on the 2026 Absa Africa Financial Markets Index, compiled with OMFIF, with a score of 65 out of 100. It scored 100 on market transparency but 43 on market depth and 30 on pension fund development.
Daily Brief ·
KenGen's Olkaria licence: one wrong coordinate left wells outside the boundary
Kenya's Auditor-General found that the 2008 geothermal licence the energy ministry issued to KenGen records one coordinate as 21,000 instead of 192,000, leaving some of the company's wells and steam pipes outside its licensed area. The ministry acknowledged the error in 2017; at the time of the audit in August 2026 it had not been corrected.
Daily Brief ·
SACCO deductions never remitted: KES 3.9bn taken from payslips in 2025 did not reach SACCOs
Employers deducted KES 3.92bn from workers' pay for SACCO savings and loan repayments in 2025 but did not pass it on, affecting 104,331 members, according to SASRA. County governments and assemblies owed KES 1.88bn of it. The table shows every employer category, and the brief sets out what a member can compare.
Daily Brief ·
Telposta pension scheme sold KES 361m of NSE shares in a year, up from KES 8.8m
Telposta Pension Scheme sold KES 361.28m of shares in 11 NSE-listed companies in the year to June 2026, against KES 8.78m a year earlier, halving its equities portfolio to KES 221.46m. Its administrator told Business Daily the sales paid pensions and property renovations while KES 9.62bn of property sales were delayed.
Daily Brief ·
CBK inflation forecasts missed in four of six months: September 6.8% against 6.5%
Business Daily compared the Central Bank of Kenya's inflation forecasts with KNBS's prints and found misses in four of the last six months, the largest in April and May. The CBK now projects 6.9% for October and a 7.2% peak in December. A table of the prints and the dates to watch.
Daily Brief ·
Kenya's remittances slipped to $3.769bn in nine months as North America fell 11.19%
Kenyans abroad sent home $3.769bn from January to September 2026, $5.2m less than a year earlier. Money from North America fell by $245.2m; Europe and the rest of the world added $240.5m between them. A table by source and the dates to watch.
Daily Brief ·
Sending $200 home to Ghana: from Germany the cheapest service costs $3.56, the average $19.76
The World Bank priced 33 ways to send $200 from Germany to Ghana. The cheapest cost $3.56, the average $19.76. From the United Kingdom, 38 services: $1.42 against $13.72. From the United States, $0.64 against $10.00.
Daily Brief ·
Sending $200 home to South Africa: from the UK the cheapest service costs $4.18, the average $14.08
The World Bank priced 25 ways to send $200 from the United Kingdom to South Africa. The cheapest cost $4.18, the average $14.08. From the United States, 18 services: $3.84 against $13.68.
Daily Brief ·
Nedbank's NCBA offer is unconditional: shares freeze from 21 October, payment from 3 November
Nedbank's offer for 66% of NCBA became unconditional on 19 October 2026. NCBA shares are suspended from the close on 21 October to the close on 2 November; the shares move to Nedbank by block trade on 3 November, when cash and Nedbank shares start going out.
Daily Brief ·
The NSE fell for a third week as foreign investors sold a net USD 9.5m
The NSE All Share Index fell 1.8% in the week covered by SIB's 19 October wrap, after a 0.97% fall in the week to 9 October. Foreign investors were net sellers in both weeks, but they had been net buyers in the two weeks before, which covers the first week of the slide.
Daily Brief ·
Sending $200 home to Uganda: from Kenya the cheapest service costs $5.56, the average $23.80
The World Bank priced 27 ways to send $200 from Kenya to Uganda. The cheapest cost $5.56, the average $23.80. From the United Kingdom the cheapest cost $3.04 against an average of $10.08.
Daily Brief ·
Sending $200 home to Nigeria: from South Africa the cheapest service costs $8.02, the average $26.26
The World Bank priced 20 ways to send $200 from South Africa to Nigeria. The cheapest cost $8.02, the average $26.26. From the United States the cheapest cost $1.54 against an average of $7.24.
Daily Brief ·
One currency, twice the price: Senegal pays 7.87% for a one-year bill, Burkina Faso 3.73%
Eight West African treasuries borrow in the same CFA franc under one central bank. A year ago four of them paid within 0.75 points of each other for one-year money; now the spread is 4.14 points. The table, the amounts behind each rate, and what to watch.
Daily Brief ·
Africa's borrowing bill: one-year rates fell up to 4.5 points in a year. Where they head into 2027
Across nine markets in our auction records, the one-year government bill costs less than a year ago in five, more in three and the same in one. Ghana's and Nigeria's bills sit far below their policy rates; South Africa's has risen at every auction since 3 August. Our base case, two alternatives, and the dates that will decide between them.
Daily Brief ·
KES 100,000 over the next year: from KES 3,009 in savings to KES 7,680 locked in a T-bill
Kenya's one-year Treasury bill locks in 9.04% today; a money market fund floats with the market. We ran three paths for rates to October 2027 and worked out what each option would leave a saver with KES 100,000 after tax. Scenarios, not advice.
Daily Brief ·
The new map of who lends to African governments: the home crowd bids 1.5 times the ask
Bill auctions in Kenya, Ghana and Zambia now draw about 1.5 times what the government asks for, up from roughly 1.0 to 1.4 a year ago. Over the same weeks, borrowing in dollars got dearer. What the shift means for savers, funds and finance ministries, and three ways it could go.
Daily Brief ·
Sending $200 home to Kenya: the cheapest service costs $3.14 from the UK, the average $8.88
The World Bank priced 32 ways to send $200 from the United Kingdom to Kenya. The cheapest cost $3.14, the average $8.88. From the United States the gap is wider still: $0.54 against $10.40.
Explainer ·
Why lending to one African government pays 6% and another 25%
Ten African governments borrow for a year at rates from 6.29% in Tanzania to 25.67% in Egypt. What sets the price of money in each country — the central bank, inflation, the currency and trust — and what it means for savers and borrowers across the continent.
Explainer ·
How to lend to your government: buying bills and bonds in Kenya, Nigeria, South Africa and Tanzania
Several African governments let ordinary people lend to them directly, some from small amounts. What each official source says, country by country: Kenya’s Treasury bills from KSh 50,000, Nigeria’s FGN Savings Bond from ₦5,000, South Africa’s Retail Savings Bonds, and Tanzania’s Treasury bills.
Explainer ·
What the Central Bank Rate is, and why it reaches your pocket
The Central Bank Rate is the price the Central Bank of Kenya sets for money. When it moves, Treasury bill rates, bank loans and savings rates follow, at different speeds. How it works, in plain words.
Explainer ·
Small savings grow: how compound interest works
KES 1,000 a month for five years becomes about KES 64,700 at a savings-account rate and about KES 75,700 at a money-market-fund rate. Why the rate you earn matters more over time.
Explainer ·
Exchange rates: what a stronger or weaker shilling means for you
How to read “129.76 shillings per dollar”, what it means when the shilling weakens or strengthens, and who wins and loses: importers, exporters, families paying fees abroad, and anyone buying fuel.
Explainer ·
Inflation and your money: the real return
If prices rise faster than your savings grow, you are getting poorer while your balance goes up. How to work out the real return, and why it decides whether saving is working.
Explainer ·
The real cost of a loan: flat rate, reducing balance and fees
Two loans can both say 15% and cost very different amounts. How flat-rate and reducing-balance interest work, why fees matter, and three questions to ask before you sign.
Explainer ·
Money market funds, explained: yield, tax and risk
A money market fund pools savers’ money into short-term government and bank paper. What “daily yield” and “effective annual yield” mean, how the 15% withholding tax works, and what can go wrong.
Explainer ·
What is a Treasury bill, and how can I buy one?
A Treasury bill is a short loan you make to the government for 91, 182 or 364 days. How the price and the rate work, using the real auction of 5 October 2026, the KSh 50,000 minimum, the tax, and how individuals buy directly through the Central Bank.
Daily Brief ·
Kenyan investors want the 91-day bill, not the one-year
Every 91-day bill auction since August drew at least 1.7 times the amount offered; the 364-day bill fell short of its offer in two of the last five. The extra year pays only 0.27 points more.
Daily Brief ·
Kenya’s rate cuts: savers lost twice what borrowers gained
In two years the one-year Treasury bill fell from 16.73% to 9.04%. Banks cut what they pay depositors by 4.2 points but what they charge borrowers by only 2.5, so the gap between the two widened from 5.70 to 7.43 points.
Daily Brief ·
Anatomy of an NSE issuer announcement
A method for filing a listed-issuer announcement from the exchange — headline, instrument, period, and what the notice does not say — without treating the first alert as the tape.
Daily Brief ·
When the T-bill result notice posts: a 12-minute file
The habit brief: what a treasury desk files in the twelve minutes after CBK publishes a Treasury bill result notice — without inventing this week’s print.
Daily Brief ·
How to read a CBK Bank Supervision circular
A filing method for prudential circulars — addressee, effective date, obligation, and what remains a licence condition — without inventing a circular number.
Daily Brief ·
How to read a CBK Monetary Policy Committee statement
A desk method for reading an MPC statement as a primary document — rate line, diagnostics, and operations — without treating the headline as the whole decision.
Daily Brief ·
Anatomy of a CMA enforcement notice
A field guide to the usual parts of a Capital Markets Authority enforcement or public notice — parties, conduct, law, and remedy — so a desk can file the document instead of the rumour.
Daily Brief ·
How to read a Treasury bill calendar without inventing the print
A method for using CBK auction calendars and result notices as primary sources — tenors, announcement, auction, and settlement — without treating a remembered yield as a fact.
Weekly Intelligence ·
Listed-bank results week: a disclosure checklist, not a scoreboard
A weekly method for reading listed-bank financial statements and NSE announcements as disclosures — capital, credit, funding, and costs — without turning the week into a tipsheet.
Explainer ·
SASRA, IRA, and the perimeter beyond commercial banks
A perimeter guide: deposit-taking saccos under SASRA, insurers under IRA, and why a bank-only reading of Kenya’s financial system misses binding decisions.
Explainer ·
Who sets what: CBK, CMA, NSE, and the National Treasury
A map of institutional roles in Kenya’s banking and capital-markets system — who issues, who regulates, who operates the exchange, and who sets policy rates — so a desk does not cite the wrong primary.
More to read
- Receipts →Our daily verdict on one money event, with the figures from the source
- Casebook →What happened before, who lost, and what to ask now
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- Institutions →Stories by regulator and central bank