The Nairobi Securities Exchange (NSE) announced Thursday that Victoria Wealth Management Limited, a subsidiary of Victoria Commercial Bank PLC, had been admitted as a Trading Participant, expanding the bourse’s network of intermediaries as it sought to deepen local investor participation and revitalise Kenya’s capital markets. The admission allows Victoria Wealth Management to facilitate the buying and selling of listed securities, execute client orders, and provide investment advisory and portfolio management services within its regulatory licence. Beyond secondary-market trading, the firm will also support capital-raising activities, including corporate finance advisory, public offers, restructurings, and the underwriting and issuance of securities. The…
Author: Tavern Kiplagat
Inspector General of Police Douglas Kanja has ordered the deployment of additional police officers to Moyale amid escalating intercommunal clashes in neighbouring Ethiopia that have triggered a massive humanitarian influx and repeated security incidents on the Kenyan side of the border. Kanja made the announcement on Thursday, November 5, 2026, after leading a delegation of senior security chiefs to the border town for a strategic assessment of the situation. According to a statement from the National Police Service, the Inspector General chaired a meeting with regional security officials before announcing the reinforcements. “To bolster defensive and preventive capabilities, the Inspector…
Safaricom PLC has reported a 72.5 per cent surge in half-year net profit, driven by strong momentum in its Kenyan M-PESA and connectivity businesses and a sharp reduction in losses from its Ethiopian operations. The company announced on Thursday that consolidated profit after tax for the six months ended September 30, 2026, rose to Ksh50.35 billion, up from Ksh29.19 billion in the same period last year. Profit before income tax climbed to Ksh81.33 billion from Ksh55.24 billion. The results, published in the company’s HY27 financial statements, showed total revenue expanding to Ksh233.73 billion from Ksh204.71 billion, while service revenue grew…
National Assembly Speaker Moses Wetang’ula and Senate Speaker Amason Kingi on Wednesday, November 4, 2026, led a delegation of legislators in visiting Orange Democratic Movement (ODM) Party Leader Oburu Oginga at his Nairobi home, where he was recuperating after being discharged from hospital. The delegation visited the Siaya Senator to check on his recovery following an illness that had temporarily kept him away from active parliamentary and political engagements. Wetang’ula said they were encouraged by Oburu’s progress and wished him a speedy and full recovery. He urged the ODM leader to prioritise his health and avoid returning to political activities…
President William Ruto has revealed that Kenya earned Ksh52.1 billion from exports of unroasted coffee in 2025, nearly double the Ksh26.1 billion recorded in 2021, as his administration seeks to expand local processing and increase the value of Kenyan coffee in international markets. Speaking on Wednesday, November 4, 2026, Ruto disclosed that the government had also advanced Ksh15.07 billion to nearly 684,000 coffee farmers through the Coffee Cherry Advance Revolving Fund. The President said the financing programme was part of broader efforts to improve farmers’ earnings while strengthening the country’s agricultural sector through reforms and investment in local processing. “In…
Kenyans are paying some of the highest electricity prices among comparable economies, with opaque power purchase agreements, non-competitive procurement and conflicts of interest contributing to the high cost of electricity, a new World Bank report has revealed. The report, Kenyan Economic Update, identifies governance weaknesses in the electricity sector, particularly in contracts between Kenya Power and independent power producers (IPPs), as a major factor behind expensive electricity. According to the report’s comparison of electricity costs, Kenyan households pay an average of 22 US cents per kilowatt-hour, compared to 7.8 cents in Vietnam, 11.9 cents in Morocco, 19.8 cents in South…
The National Intelligence Service (NIS), Directorate of Criminal Investigations (DCI) and other security agencies have been ordered by the High Court to produce missing Nairobi lawyer Abshir Ahmedsadak Abdi before the court, dead or alive, as investigations into his disappearance intensified. The directive was issued on Wednesday, November 4, 2026, by Milimani High Court Judge Alexander Muasya Muteti following an urgent application filed by the lawyer’s family seeking to establish his whereabouts. The court certified the application as urgent, directing the relevant government agencies and security officials to comply with its orders and account for the missing advocate. In its…
Boda boda riders in Kenya lose between 5 and 20 per cent of their daily earnings to bribes, while small-scale market traders face harassment and demands for money from county enforcement officers, a new World Bank report has revealed. The report, Kenya Economic Update, says corruption by frontline government institutions is reducing the take-home income of informal workers, increasing financial uncertainty and making it harder for small businesses to grow. It estimates that Kenya has between 1.6 million and two million boda boda riders, while the number of informal market stalls is believed to be at least twice as high.…
The Kenya Pipeline Company (KPC) has foiled an attempt to siphon petroleum products through an illegal connection on its pipeline network in Mombasa County. The attempted theft was detected on Monday, November 2, during routine surveillance by the company’s security and pipeline maintenance teams. According to KPC, the illegal connection had been installed on a pipeline linking Pumping Station 14 to Pumping Station 15 in Mombasa County. The company’s emergency and incident response teams moved in after detecting the connection, securing the site before any petroleum products could be siphoned. KPC said the matter was subsequently reported to Chaani Police…
The Nairobi Securities Exchange (NSE) has announced the resumption of trading in NCBA Group Plc shares following a suspension imposed on October 21, 2026, to facilitate a major acquisition by South Africa’s Nedbank Group. In a notice issued on Tuesday, November 3, the NSE said the suspension would be lifted with effect from the same day, although trading in the lender’s shares would be temporarily halted to facilitate the execution of a block trade. The transaction involves Nedbank’s acquisition of approximately 66 per cent of NCBA’s issued ordinary shares through the NSE Block Trade Board. “The temporary halt is intended…
