What PAYE relief could mean by income band 💰
Two competing proposals are shaping the tax bill headed to Parliament in September. Swipe through to see:
→ Where PAYE stands today
→ Treasury's original plan (KSh30,000 exemption + reduced rate for the next band)
→ The Kenya Bankers Association's counter-proposal (a flat cut across every band)
→ What's actually at stake in choosing one over the other
Neither is law yet both are proposals still going through public participation. But the shape Parliament settles on in September determines whether relief reaches a few Kenyans or a lot of them.
Two competing proposals are shaping the tax bill headed to Parliament in September. Swipe through to see:
→ Where PAYE stands today
→ Treasury's original plan (KSh30,000 exemption + reduced rate for the next band)
→ The Kenya Bankers Association's counter-proposal (a flat cut across every band)
→ What's actually at stake in choosing one over the other
Neither is law yet both are proposals still going through public participation. But the shape Parliament settles on in September determines whether relief reaches a few Kenyans or a lot of them.
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Kenya's finance podcast scene has never been this deep.
Whether you're trying to escape the paycheck cycle or structure a cross-border acquisition, there's a Kenyan podcast for that. 🇰🇪
We rounded up the 10 shows every investor, founder, and finance nerd should have on their playlist
➤ Just Money Podcast
➤ Financially Incorrect
➤ The Lion's Share Podcast
➤ Money-Wise
➤ The Smarter Tomorrow Podcast
➤ Money Moments
➤ Make Money
➤ Standard Chartered Money Insights
➤ Cleaning The Airwaves
➤ The Mwango Capital Podcast
Full breakdown — https://kenyanwallstreet.com/business-finance-podcasts
Whether you're trying to escape the paycheck cycle or structure a cross-border acquisition, there's a Kenyan podcast for that. 🇰🇪
We rounded up the 10 shows every investor, founder, and finance nerd should have on their playlist
➤ Just Money Podcast
➤ Financially Incorrect
➤ The Lion's Share Podcast
➤ Money-Wise
➤ The Smarter Tomorrow Podcast
➤ Money Moments
➤ Make Money
➤ Standard Chartered Money Insights
➤ Cleaning The Airwaves
➤ The Mwango Capital Podcast
Full breakdown — https://kenyanwallstreet.com/business-finance-podcasts
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Equity Group shares crossed KSh 100 for the first time, touching a record KSh 104.50 as the lender’s market value rose above US$ 3Bn for the first time.
At KSh 104.00, Equity is valued at about KSh 392.4Bn, or roughly US$ 3.03Bn at KSh 129.48 per dollar, making it the first Kenyan listed bank to reach the milestone.
At KSh 104.00, Equity is valued at about KSh 392.4Bn, or roughly US$ 3.03Bn at KSh 129.48 per dollar, making it the first Kenyan listed bank to reach the milestone.
Eight NSE-listed stocks touched fresh 52-week highs on September 2, led by Equity Group at KSh 104.50 and KCB at KSh 101.00, both crossing KSh 100 for the first time.
New 52-Week Highs:
◉ EQTY: KSh 104.50 ➠ 🟢 +49.81% YTD
◉ KCB: KSh 101.00 ➠ 🟢 +50.95% YTD
◉ KEGN: KSh 12.35 ➠ 🟢 +30.17% YTD
◉ KPLC: KSh 25.00 ➠ 🟢 +76.84% YTD
◉ KNRE: KSh 4.65 ➠ 🟢 +53.82% YTD
◉ NSE: KSh 29.50 ➠ 🟢 +38.27% YTD
◉ AMAC: KSh 195.00 ➠ 🟢 +169.50% YTD
◉ UNGA: KSh 50.00 ➠ 🟢 +103.23% YTD
New 52-Week Highs:
◉ EQTY: KSh 104.50 ➠ 🟢 +49.81% YTD
◉ KCB: KSh 101.00 ➠ 🟢 +50.95% YTD
◉ KEGN: KSh 12.35 ➠ 🟢 +30.17% YTD
◉ KPLC: KSh 25.00 ➠ 🟢 +76.84% YTD
◉ KNRE: KSh 4.65 ➠ 🟢 +53.82% YTD
◉ NSE: KSh 29.50 ➠ 🟢 +38.27% YTD
◉ AMAC: KSh 195.00 ➠ 🟢 +169.50% YTD
◉ UNGA: KSh 50.00 ➠ 🟢 +103.23% YTD
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Kenya's mergers and acquisitions were worth $1.44 billion in the first half of 2026, far exceeding Nigeria's $105.8 million, despite recording 25 deals compared to Nigeria's 39, according to DealMakers AFRICA.
Kenya's largest transaction was Nedbank's $855 million acquisition of a 66% stake in NCBA Group, followed by Absa Group's $239 million purchase of an additional 16.5% stake in Absa Bank Kenya and a $215 million investment in EV maker Spiro.
East Africa recorded 39 deals worth $1.48 billion, up sharply from $557 million a year earlier, while West Africa fell to $538 million from $1.93 billion.
Kenya's largest transaction was Nedbank's $855 million acquisition of a 66% stake in NCBA Group, followed by Absa Group's $239 million purchase of an additional 16.5% stake in Absa Bank Kenya and a $215 million investment in EV maker Spiro.
East Africa recorded 39 deals worth $1.48 billion, up sharply from $557 million a year earlier, while West Africa fell to $538 million from $1.93 billion.
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Range Rover has launched the Range Rover Electric, its first fully electric model, to be built in Solihull, following a year-long delay to the planned launch.
Parent company JLR said it had up-skilled 10,500 workers for electric production, including 9,000 in Solihull and 1,500 across the region, supported by new battery and electric drive unit production lines.
The launch comes as JLR faces falling profits, with quarterly profit dropping to £66 million after a fire at a Norwegian supplier, alongside restructuring that will cut fewer than 300 roles following a cyber attack that halted production for over a month.
Parent company JLR said it had up-skilled 10,500 workers for electric production, including 9,000 in Solihull and 1,500 across the region, supported by new battery and electric drive unit production lines.
The launch comes as JLR faces falling profits, with quarterly profit dropping to £66 million after a fire at a Norwegian supplier, alongside restructuring that will cut fewer than 300 roles following a cyber attack that halted production for over a month.
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Kenya's Public Service Superannuation Fund grew its membership to 529,635 and assets under management to KSh340.4 billion as of June 30, 2026, five years after commencing operations on January 1, 2021, according to CEO Dr Jonah Aiyabei, speaking at a Media Breakfast Roundtable in Nairobi.
Government securities now account for 74 percent of the portfolio, down from 99 percent in 2023, while quoted equities rose to 14 percent.
The Fund recorded a 17.68 percent 12-month return for the year ended June 30, 2025, and a 19.7 percent annualised return over three years, with a member income distribution rate of 17.89 percent.
Government securities now account for 74 percent of the portfolio, down from 99 percent in 2023, while quoted equities rose to 14 percent.
The Fund recorded a 17.68 percent 12-month return for the year ended June 30, 2025, and a 19.7 percent annualised return over three years, with a member income distribution rate of 17.89 percent.
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Kenya's proposed Economic Zones Bill, 2026, currently before the National Assembly's Departmental Committee on Trade, Investment and Cooperatives, would consolidate the Export Processing Zones Authority and Special Economic Zones Authority under a single Kenya Economic Zones Authority.
Stakeholders raised concerns that a proposed KSh5 billion minimum investment threshold could exclude smaller manufacturers and start-ups, prompting the State Department for Investment Promotion to support a tiered system based on enterprise size.
The bill would also allow special economic zone enterprises to sell up to 100% of output domestically, compared with a 20% cap for export processing zone enterprises.
Stakeholders raised concerns that a proposed KSh5 billion minimum investment threshold could exclude smaller manufacturers and start-ups, prompting the State Department for Investment Promotion to support a tiered system based on enterprise size.
The bill would also allow special economic zone enterprises to sell up to 100% of output domestically, compared with a 20% cap for export processing zone enterprises.
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CBK accepted KSh 47.75Bn out of KSh 68.19Bn in bids in the September Treasury bond auction.
The 15-year reopening drew KSh 57.10Bn in bids and accounted for most accepted funds, while demand for the 30-year bond was weaker.
• FXD3/2019/015: 41.14Bn @ 12.7631%
• SDB1/2011/030: 6.61Bn @ 13.6937%
Net Borrowing: KSh 47.75Bn
The 15-year reopening drew KSh 57.10Bn in bids and accounted for most accepted funds, while demand for the 30-year bond was weaker.
• FXD3/2019/015: 41.14Bn @ 12.7631%
• SDB1/2011/030: 6.61Bn @ 13.6937%
Net Borrowing: KSh 47.75Bn
Uber has exited Nigeria after 12 years, ending operations on September 2 following a review of its business.
The ride-hailing firm, which launched in Lagos in 2014 and later expanded to other cities, did not disclose a specific reason for the withdrawal or the number of drivers and riders affected.
The exit comes amid intense competition from Bolt, inDrive and other platforms, while higher fuel costs, inflation and currency volatility have increased operating costs.
The ride-hailing firm, which launched in Lagos in 2014 and later expanded to other cities, did not disclose a specific reason for the withdrawal or the number of drivers and riders affected.
The exit comes amid intense competition from Bolt, inDrive and other platforms, while higher fuel costs, inflation and currency volatility have increased operating costs.
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Kenya's Government has directed the Kenya Revenue Authority to reduce general consolidated cargo charges by Sh500,000 to Sh2 million following a meeting between President William Ruto and small traders at State House on September 2, 2026.
The change excludes ready-made garments, footwear, and fabrics, and newly negotiated air cargo rates remain unchanged.
The move follows protests by traders in Kamukunji, Gikomba, and Nyamakima after KRA raised the minimum customs benchmark for a consolidated 40-foot container from Sh2.5 million to Sh3.2 million effective August 20, 2026.
The change excludes ready-made garments, footwear, and fabrics, and newly negotiated air cargo rates remain unchanged.
The move follows protests by traders in Kamukunji, Gikomba, and Nyamakima after KRA raised the minimum customs benchmark for a consolidated 40-foot container from Sh2.5 million to Sh3.2 million effective August 20, 2026.
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Kenya's microinsurance segment recorded the fastest premium growth in the insurance sector, rising 826% to Ksh2.17 billion from Ksh234.23 million, according to the Insurance Regulatory Authority.
Overall gross direct premiums grew 16.5% to Ksh466.6 billion from Ksh400.6 billion in 2024, with life insurance premiums up 23.2% to Ksh236.3 billion and medical insurance premiums rising 22.3% to Ksh93.2 billion.
Industry total assets increased 20.5% to Ksh1.5 trillion, while shareholders' funds rose to Ksh257.6 billion.
Overall gross direct premiums grew 16.5% to Ksh466.6 billion from Ksh400.6 billion in 2024, with life insurance premiums up 23.2% to Ksh236.3 billion and medical insurance premiums rising 22.3% to Ksh93.2 billion.
Industry total assets increased 20.5% to Ksh1.5 trillion, while shareholders' funds rose to Ksh257.6 billion.
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The Central Bank of Kenya accepted Ksh47.75 billion out of Ksh68.19 billion in bids received at its September Treasury Bonds auction, with proceeds directed toward budgetary support.
The re-opened 15-year bond, maturing July 10, 2034, attracted Ksh57.10 billion in bids and Ksh41.14 billion accepted at a 12.7631% return, while the 30-year bond drew Ksh6.61 billion at a 13.6937% coupon rate.
CBK has also floated a voluntary Ksh10 billion Switch Bond Auction running through September 7, 2026, allowing investors to move from a 15-year bond maturing in February 2028 into a 10-year bond maturing in November 2029.
The re-opened 15-year bond, maturing July 10, 2034, attracted Ksh57.10 billion in bids and Ksh41.14 billion accepted at a 12.7631% return, while the 30-year bond drew Ksh6.61 billion at a 13.6937% coupon rate.
CBK has also floated a voluntary Ksh10 billion Switch Bond Auction running through September 7, 2026, allowing investors to move from a 15-year bond maturing in February 2028 into a 10-year bond maturing in November 2029.
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Kenya's High Court, through Justice Francis Gikonyo, ordered that East African Breweries PLC's current ownership structure be preserved until pending legal and regulatory processes are resolved, blocking Diageo from transferring its controlling stake to Japan's Asahi Group Holdings.
The ruling follows a petition by EABL shareholder Christine Irungu challenging disclosure practices and minority shareholder protections related to the Sh340 billion deal, announced in December 2025.
The order requires parties to maintain the ownership structure that existed on June 18, 2026, while the Capital Markets Tribunal and Competition Authority of Kenya continue their reviews.
The ruling follows a petition by EABL shareholder Christine Irungu challenging disclosure practices and minority shareholder protections related to the Sh340 billion deal, announced in December 2025.
The order requires parties to maintain the ownership structure that existed on June 18, 2026, while the Capital Markets Tribunal and Competition Authority of Kenya continue their reviews.
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Uganda's Parliament approved a UShs8.7 billion (approximately KSh298.1 million) tax waiver for meat exporter Fresh Cuts Uganda, following a recommendation by the Committee on Finance, Planning and Economic Development chaired by Max Ochai.
The committee found that in 2022 the company's liabilities stood at UShs28.66 billion against assets of UShs8.49 billion, with Uganda Revenue Authority's 2015 asset seizures worsening its financial distress.
MPs including Gyaviira Ssebina and Timothy Batuwa objected, with Batuwa proposing debt-to-equity conversion through the Uganda Development Bank instead.
The committee found that in 2022 the company's liabilities stood at UShs28.66 billion against assets of UShs8.49 billion, with Uganda Revenue Authority's 2015 asset seizures worsening its financial distress.
MPs including Gyaviira Ssebina and Timothy Batuwa objected, with Batuwa proposing debt-to-equity conversion through the Uganda Development Bank instead.
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