The Week in Markets amid Geopolitical Watch
This week, the Central Bank of Kenya’s Monetary Policy Committee held its second meeting of the year and maintained the Central Bank Rate at 8.75%, signaling a continued cautious stance as the economy stabilises.
Inflation is expected to remain within the target range in the near term, although the Committee flagged potential risks stemming from rising global oil prices and possible second-round inflationary effects.
In a notable development within the banking sector, the Central Bank of Kenya approved the acquisition of 100% of Paramount Bank by Zenith Bank PLC. The approval, granted in March 2026 under the Banking Act, paves the way for Zenith Bank’s entry into the Kenyan market, a move expected to enhance competition and deepen market activity.
Jubilee FY 2025 Results
Jubilee Holdings reported improved FY2025 results, with net profit rising 18% to Ksh 5.6 billion, supported by strong performance in its insurance business.
The Board recommended a final dividend of Ksh 13 per share, bringing the total dividend for the year to a record Ksh 15 per share, an 11% increase year-on-year. The dividend is set to be paid around 24th July 2026 to shareholders on record as of 11th June 2026.
Fixed Income Market Activity
Treasury bills were slightly oversubscribed this week, with the government successfully meeting its Ksh 24 billion target, reflecting steady investor demand for short-term government securities.
At the same time, the Central Bank issued a prospectus for both re-opened and new 30-year fixed coupon Treasury bonds, seeking to raise Ksh 20 billion for budgetary support. The bonds carry coupon rates of 12.0% and 12.5%, with bids due on 15th April 2026.
Corporate Updates
DTB: Innovation in Banking
Diamond Trust Bank introduced DTB Wearables, a new suite of contactless payment solutions designed to enhance convenience and speed in everyday transactions. The NFC-enabled devices allow customers to make payments through simple tap-and-go functionality using wearable accessories such as wristbands and rings.
Leadership Update
The Kenya Revenue Authority announced a leadership transition, with Commissioner General Humphrey Wattanga proceeding on terminal leave following the end of his contract. Dr. Lilian Nyawanda has been appointed Acting Commissioner General as the recruitment process for a substantive replacement begins.
Market Engagement & Investor Education
A key highlight of the week was the #Finance4Teens Workshop held at the NSE trading floor, in partnership with the Nairobi Securities Exchange and Sterling Capital. The session focused on equipping young participants with practical financial knowledge and early investing principles.
Coming Up
Upcoming Corporate Action
I&M Group’s book closure date is scheduled for next Thursday. Investors who purchase shares before the closure date will qualify to receive the upcoming dividend.
77th Masterclass
This May, we will host the 77th Abojani Personal Finance, Saving & Investing Masterclass, running from 11th to 29th May 2026 via Zoom.
Participants will gain practical insights into managing money, investing effectively, and building long-term wealth. Early bird registration is currently open.
