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- A New Year, New energy at NSE
A New Year, New energy at NSE
Kenya's #1 newsletter among business leaders & policy makers
Howdy 🤠
It's Brian here 👋🏿. Kickstart your week with the financial news we have sourced for you all day.
In today's edition of The Daily Brief, the Kenyan stock market is on a bullish run.
Also, the National Treasury predicts this year's economic growth
And…
As the world awaits the inauguration of the Donald Trump as 47th president of the US, we determine which positions in his incoming administration will be essential for the African continent.
Top Stories
CAPITAL MARKETS
Market Rally Pushes Kenya's stock market to 2-year high
The Nairobi Securities Exchange (NSE)
Three weeks into 2025 and the Nairobi Securities Exchange (NSE) displays some lucid signs of optimism. Out of 55 companies, 38 stocks advanced to periodic highs with only 17 marking price declines.
🔸Investors’ wealth in the bourse surged 6% to KSh 2 trillion from KSh 1.8 trillion on December.
🔸Stocks of the insurance sector drove NSE’s growth this year.
🔸These were followed by those in the energy and petroleum sector.
🔸Some of the most impressive stock gains included : Kenya Airways, HF Group, Kenya Power, Kenya Re, Britam, and Trans Century.
🔸The benchmark index - NSE 25 was up 1.99% in January.
ECONOMY
Treasury Projects 5.3% Economic Growth in 2025
The National Treasury headquarters
The National Treasury projects that the economy will grow by 5.3%, a slightly lower figure than the one predicted by the Central Bank of Kenya.
🔸On 5th December, CBK was optimistic that the economy will grow by 5.5% this year, buoyed by the revival of key sectors such as agriculture.
🔸The International Monetary Fund (IMF) predicts that Kenya's GDP will grow by 5.0%, just as in 2024.
🔸Kenya's highest economic growth rate over the recent years was in 2021, when it surged to 7.6%.
🔸Kenya’s economy slowed down in the first half of last year compared to the first half in 2023.
🔸The economy further strained between July to September, with a 4% economic growth, compared to 6% during the same period in 2023.
🔸This was as a result of contractions in the construction and mining industries.
Today's Poll
What are your perceptions of the Kenyan economy this year? |
Last Friday's Poll Results
Do you think the government is doing the right thing by seeking more regulation for social media platforms?
🟨⬜️⬜️⬜️⬜️⬜️ Yes, we need sobriety online (17.95%)
🟩🟩🟩🟩🟩🟩 No, it is tyranny (82.05%)
GEOPOLITICS
Inside US President Donald Trump’s Africa Team
The world's largest economy is prepping for the official inauguration of the 47th president, Donald Trump. Each administration treats foreign affairs as a critical issue, closely tied to national security, trade, competition, and geopolitical influence.
Under Trump’s first presidency, his unpredictable stances on multiple issues rattled traditional diplomats, but he was also praised by some foreign leaders who prefer his transactional, no-holds, non-interventionist stances.
In this article, Morris Kiruga highlights some of the most crucial executive positions in the US that will determine Trump's foreign policy, especially Africa.
More stories for you
Video of the Day
"If there is one common theme to the vast range of the world’s financial crises, it is that excessive debt accumulation, whether by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom."
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May your week be prosperous!