The Central Bank of Kenya (CBK) has reaffirmed its confidence in the country’s macroeconomic stability by projecting that inflation will remain steady at 5.25 per cent through the end of the current economic cycle extending into 2026. This forecast, which keeps inflation comfortably below the midpoint of the central bank’s target range, reflects what monetary […]

Kenya has successfully raised $1.5 billion through a strategically timed international bond issuance, deploying the bulk of the proceeds to repurchase its existing $1 billion 2028 note while simultaneously extending the country’s debt maturity profile and reducing near-term refinancing pressures that have weighed on the nation’s fiscal outlook. The landmark transaction, launched on October 3, […]

The latest auction of Treasury bills (T-bills) in Kenya delivered a dramatic signal: yields on short-term government securities have sunk to their lowest in 36 months, and investor demand is cooling at the short end of the yield curve. According to the Central Bank of Kenya’s (CBK) weekly bulletin, the 182-day T-bill averaged 7.9851 per […]

The Central Bank of Kenya (CBK) has launched an attractive investment opportunity for Kenyans, announcing the reopening of two long-term Treasury bonds that allow citizens to participate in the country’s development agenda with investments starting from as low as Ksh 50,000. This move represents a significant effort by the government to democratize investment opportunities and […]

The Nairobi Securities Exchange (NSE) secondary bond market has set a new benchmark for Kenya’s financial sector, crossing the KSh 2 trillion turnover mark as of September 24, 2025. This achievement cements the NSE’s role as one of Africa’s fastest-growing fixed-income markets, signaling a deepening pool of investors and a maturing capital market structure. According […]

Rising Activity in the Interbank Market Kenya’s financial system has experienced a notable shift over the past week, as interbank lending surged to new highs while demand for Treasury bills contracted significantly. According to the Central Bank of Kenya (CBK), traded volumes in the interbank market rose by an impressive 118%, climbing to KES 17.24 […]

The Central Bank of Kenya (CBK) has announced the reopening of two fixed-coupon Treasury bonds in October 2025 — FXD1/2018/015 (12.650%, due May 2033) and FXD1/2021/020 (13.444%, due July 2041). Together, these issues target KSh 50 billion in fresh funds to provide critical budgetary support. This move marks yet another step in a clear pattern: […]

The Central Bank of Kenya (CBK) has reported a decline in Treasury bill rates across all tenors, marking a calculated policy maneuver aimed at stimulating borrowing and investment while cushioning the economy from global financial turbulence. According to the Weekly Bulletin released on September 26, 2025, the 91-day, 182-day, and 364-day bills settled at 7.914%, […]

In a striking shift, Kenya’s average maturity for domestic debt instruments—Treasury bills and bonds combined—has shrunk to 7.4 years as of June 2025, down from 7.5 years in 2024. This signals a tilt toward shorter-dated instruments in the government’s borrowing mix. TradingRoom This compression is largely driven by elevated uptake of Treasury bills, especially the […]

By the end of June 2025, the Kenyan government had mobilized KSh 853.4 billion from local sources—exceeding its original target of KSh 825.8 billion. The bulk of this financing came from non-bank financial institutions (pension funds, insurance companies, SACCOs), contributing KSh 483.9 billion, while commercial banks lent KSh 368.2 billion via Treasury bills and bonds. […]