WEEKLY FIXED INCOME REPORT | 8 Dec 2025
CBK successfully raises KES 47.1bn as investors hunt for higher returns despite longer duration | Private sector credit growth hits 5-year high as business activity picks up.
KENYA WEEKLY MARKET WRAP | 8 Dec 2025
Equity Market Summary The market closed the week on a bearish note with the NASI, N10, NSE 20, and NSE 25 easing by 0.8% w/w, 0.7% w/w, 2.3% w/w, and 1.0% w/w, respectively. Market activity declined to USD 20.1m (-17.3% w/w). Safaricom dominated market activity, accounting for 39.1% of the week’s turnover. The counter’s price…
WEEKLY FIXED INCOME REPORT | 1 Dec 2025
MONEY MARKET STATISTICS Interbank lending increased during the week, with the average traded volumes jumping by 62.38% w/w to KES 16.24bn, from KES 10.00bn in the prior week. Consequently, the number of interbank deals rose by 38.89% w/w to 25. The Kenya Shilling Overnight Interbank Average (KESONIA) notched higher (+1.19bps w/w) to an average of…
KENYA WEEKLY MARKET WRAP | 1 Dec 2025
Equity Market Commentary The market closed the week on a bearish note with the NASI, N10, NSE 20, and NSE 25 easing by 3.6% w/w, 4.2% w/w, 3.3% w/w, and 3.9% w/w, respectively.Market activity declined to USD 24.3m (-17.2% w/w). Safaricom dominated market activity, accounting for 35.8% of the week’s turnover. The counter’s price function…
SIB GLOBAL MARKETS WEEKLY BRIEF | 28 October 2025
Highlights: Global markets ended the week broadly upbeat as softer U.S. inflation data reignited hopes of another Federal Reserve rate cut and breathed new life into risk appetite. Equities surged to fresh record highs, powered by upbeat earnings and renewed optimism that monetary easing will extend the bull run into year-end. Bond yields slipped as…
WEEKLY FIXED INCOME REPORT | 27 Oct 2025
MONEY MARKET STATISTICS Interbank lending surged during the week, with the average traded volumes rising by 104.79% w/w to KES 14.53bn, from KES 7.10bn the prior week. Consequently, the number of interbank deals increased by 87.50% w/w to 30.00. The Kenya Shilling Overnight Interbank Average (KESONIA) remained largely stable (+1.25bps w/w) at an average of…
KENYA WEEKLY MARKET WRAP | 27 Oct 2025
Equity Market Commentary The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.9% w/w, 2.1% w/w, 1.9% w/w, and 2.4% w/w, respectively. Market activity jumped to USD 32.2m (+184.0% w/w). Safaricom dominated market activity, accounting for 48.7% of the week’s turnover. The counter’s price function…
Kenya Oil & Gas: Kenya Pipeline Company Listing Set for 2026 | Valuation Update: Total Energies Trading Below Fair Value
Executive Summary In this report, we have updated our valuation on Kenya’s only listed downstream oil marketer, TotalEnergies Marketing Kenya. We reinitiate coverage and retain a BUY recommendation on TotalEnergies Marketing Kenya (TKNL KN) with a fair value estimate of KES 56.30, a 60.4% upside. In 2024, the counter’s price function gained 11.1%, albeit underperforming…
SIB GLOBAL MARKETS WEEKLY BRIEF | 2 September 2025
Highlights. Markets closed in the red as the S&P 500 and Nasdaq Composite snapped their three-week upward streak, shedding 0.10% and 0.35% respectively. In Europe, the pan-European Euro STOXX 600 was lower by 2.63%, undoing over two weeks of gains. Concerns about the potential erosion of the Federal Reserve’s independence garnered attention during the week…
SIB GLOBAL MARKETS WEEKLY MARKET BRIEF | 19 Aug
Highlights Global stock markets maintained the state of euphoria, notching a second consecutive week of gains. Expectations that the Federal Reserve will soon start interest rate cuts and an assumption that the ECB will continue cutting rates, albeit less aggressively than the Fed, boosted market sentiment leading to the S&P 500 and the Nasdaq composite…