Kenya has raised Ksh106.3 billion — approximately $820 million — from the initial public offering of the Kenya Pipeline Company (KPC), completing the country’s largest privatisation exercise in nearly two decades and marking the first government-led listing on the Nairobi Securities Exchange since Safaricom’s landmark debut in 2008. The transaction has reshaped the ownership of […]

Kenya’s capital markets are buzzing with transformative activity in March 2026. The Nairobi Securities Exchange has seen its total market capitalisation climb to KSh 3.358 trillion, the Central Bank of Kenya is raising KES 60 billion through a major Treasury bond auction, Safaricom and the NSE have jointly launched a groundbreaking mobile trading platform, and […]

The Central Bank of Kenya has opened a KSh 15 billion bond switch auction, inviting holders of a maturing five-year Treasury bond to voluntarily roll their positions into a longer-dated 15-year instrument — a move that is as much about managing Kenya’s looming debt refinancing wall as it is about offering retail and institutional investors […]

The Republic of Kenya has formally closed a tender offer for two series of U.S. dollar-denominated sovereign bonds, repurchasing $415.4 million in notes — a transaction that represents the latest and most complex move in what has become a sustained multi-year strategy by the National Treasury to manage and extend the country’s external debt maturity […]

Kenya Pipeline Company’s landmark initial public offering has closed oversubscribed, with institutional investors providing the decisive demand that allowed East Africa’s largest-ever IPO in local currency terms to cross the line, the deal’s lead transaction adviser confirmed on Wednesday — pushing back against weeks of reports depicting an offer struggling to attract interest. The IPO, […]

Global retail broker XM has obtained a licence from the Capital Markets Authority (CMA) of Kenya, becoming the latest international broker to seek local regulatory status in one of Africa’s most active and rapidly growing retail trading markets. The approval, announced on February 24, 2026, marks a significant step in XM’s strategic expansion across Africa […]

South Africa’s Nedbank Group has moved decisively closer to securing its largest-ever cross-border acquisition, after Kenya’s Capital Markets Authority granted a critical regulatory waiver and shareholder commitment to the deal climbed to 77.54 percent of NCBA’s total issued shares — up from 71.2 percent when the tender offer was first announced in January. The dual […]

In a move that signals both commercial ambition and strategic necessity, Uganda has formalised its participation in the Kenya Pipeline Company’s landmark Initial Public Offering, acquiring shares through the Uganda National Oil Company (UNOC) — the state-owned entity mandated to manage Uganda’s commercial interests in the petroleum sector. The agreement, finalised in Nairobi by Energy […]

The clock is ticking louder than the government had hoped. Kenya Pipeline Company’s landmark Initial Public Offering — billed as the largest equity sale in East Africa’s history — has been extended by three days after brokers and investment banks disclosed that only a fraction of the targeted Sh106.3 billion had been raised as the […]

Kenya has returned to the international debt markets with a move that has become something of a signature play for the National Treasury: a Eurobond buyback financed through fresh long-term issuance. On February 18, 2026, the government announced a tender offer to repurchase up to $500 million (Ksh64.4 billion) of its outstanding sovereign bonds, targeting […]