Mwango Capital

Lamu Port has received MV Da Yang carrying 2,930 metric tonnes of heavy machinery for the Dangote East Africa Refinery. Groundbreaking is scheduled for Wednesday, September 30, 2026. https://lnkd.in/eyGvpRJm

NSE Week 39 (18–25 September 2026) — Top Gainer: Uchumi Supermarket ▲37.0% to KES 1.63 — Top Loser: Limuru Tea Company ▼4.7% to KES 510.00 — NASI: ▲4.15% to 248.5 — Market Cap: KES 4.17T ▲4.15% — Equity Turnover: KES 4.64B ▼50.5% — Bond Turnover: KES 77.30B ▲126.5% — Net Inflow: KES 73.9M

Namibia’s President tells Semafor that foreign investors seeking access to the country’s critical minerals must build processing plants locally. She also plans to introduce laws requiring investors to partner with local businesses.

Kenya's banking sector presents a concentration of core capital, with the five largest banks alone accounting for 55% of the core capital. KCB bank tops the ranking with KES 183.0B, followed by Co-operative bank with KES 126.2B, Equity with KES 122.2B, NCBA with KES 92.3B and Absa with KES 82.4B. The core capital in the sector totaled KES 1.11T, registering a core capital to risk weighted assets ratio of 18.2% which is more than the regulatory minimum of 10.5%.

NSE Week 39 (18–25 September 2026) — Top Gainer: Uchumi Supermarket ▲37.0% to KES 1.63 — Top Loser: Limuru Tea Company ▼4.7% to KES 510.00 — NASI: ▲4.15% to 248.5 — Market Cap: KES 4.17T ▲4.15% — Equity Turnover: KES 4.64B ▼50.5% — Bond Turnover: KES 77.30B ▲126.5% — Net Inflow: KES 73.9M

In the same week Quickmart announced its intention to list on the NSE, Uchumi Supermarket emerged as the week’s best-performing stock, up 36.97%. Uchumi closed the week at KES 1.63, pushing its 2026 YTD gain to 58.25%.

Don’t forget to join us on Tuesday for a timely conversation on interest rates, markets, and what the shifting rate environment means for investors. We’ll be joined by Dorcas Mwangi, Portfolio Manager, and Victor Mumo, Investment Analyst, from Jubilee Asset Management, hosted by Ramah Nyang. Register for the webinar: https://lnkd.in/eBuPpzec

Kenya’s banking sector gross NPLs were broadly stable in 2025, declining marginally to KES 696.9B from KES 697.3B in 2024. — KCB had the highest gross NPLs at KES 192.8B, followed by Equity (KES 84.7B) and Co-operative Bank (KES 69.1B). — Asset quality improved at several large banks, including Equity, Absa and NCBA, while KCB and Diamond Trust recorded higher NPL balances. — Sector NPLs remained concentrated among the largest lenders, with KCB, Equity and Co-operative Bank accounting for roughly half of total gross NPLs.

EABL history:

Kenya’s reliance on imported electricity is rising as domestic generation struggles to keep pace with demand, with Ethiopia and Uganda supplying 12% of Kenya Power’s electricity in H1 2026, up from 10% a year earlier. Annual electricity imports have already climbed from 171 GWh in FY2018 to 1,533.9 GWh in FY2025.