Charles Mwaniki

The scheme also sought a stay of execution, saying the 90-day period granted by the RBA was likely to expire before the appeal was heard and determined.

BAT Kenya maintained an interim dividend of Sh10 per share as its net profit for the six months to June 2026 rose 3.1 percent to Sh3.08 billion on higher export and oral nicotine pouch sales.

The T-bill auctions have been skewed towards the 91-day paper since mid-May, as investors avoid locking in their money for long periods in the hope that interest rates would rise.

Since the start of the conflict in the Middle East at the end of February, global investors have largely shifted capital from emerging and frontier markets into safe-haven assets such as the US dollar and gold, fearing losses due to inflation.

Investors who sold their Treasury bonds on the secondary market at the Nairobi bourse made a profit of Sh132.7 billion after falling returns on new

Rising demand for shares by local investors, including fund managers, has driven the equities gains, allowing them to outperform the alternatives such as bonds, real estate and ETFs.

The shares were bought from local institutions and foreign investors who traded part of their holdings to take profits as the bank's share price rallied.

Infrastructure bonds tend to be popular with investors due to their tax-free status, making them a useful tool for the Treasury when it is looking to raise large sums from the domestic market.

At peak of their dominance in 2021, the top five firms accounted for 81 percent of the NSE's market capitalisation, the measure of investor wealth.

The NSE has been on a bullish run since 2024 after snapping a prolonged bear run that had drained investor confidence in the market.