A Quarter of Fragile Gains

Hi 👋🏽 It's Brian from The Kenyan Wall Street

As we usher in the weekend, we analyze the state of the Kenyan economy. According to new stats, it grew faster in the second quarter of 2025, rising 5.0% from a year earlier, but the numbers tell a story of both promise and fragility.

Harry Njuguna writes…

Agriculture was the star, with bumper harvests of maize, beans, fruits, and coffee lifting the sector after years of erratic output. Services, led by transport, ICT, and trade, added steady momentum, reinforcing the picture of a consumer economy still finding its footing.

But the picture was not uniformly bright. Sugar output collapsed, tea exports softened, and tourism’s rebound showed signs of tiring.

Meanwhile, the construction sector flourished on the back of cheaper credit, suggesting renewed investment appetite, while mining, too, clawed back growth after earlier slumps.

Inflation cooled, food prices moderated, and the shilling held its ground; a rare relief for households weary of higher costs. Yet the gains rest on narrow foundations, with external imbalances, rising debt, and fickle commodity cycles still shaping the path ahead.

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Your Opinion 

September's Inflation Rate

By Fred Obura 

Parents found some relief in September, with training fees for vocational and certificate courses quietly dipping, even as the broader cost of living kept edging higher.

Meanwhile, bus fares and a handful of staples including maize, sukuma, and spinach also slipped, softening the blow. But the gains were offset by pricier fruits, vegetables, electricity, and rent.

Inflation closed the month at 4.6%, a reminder that respite in one corner of the economy rarely shields families from strain in another.

Read more here >>>>> 

Insight 

How to Create a Home Office That Inspires Work

By Lulu Kiritu

A desk is never just a desk. It’s a stage where the mind performs, for better or worse, depending on the light, the order, the objects within reach. A cluttered corner can sabotage a morning before the first email is opened, while a window view or a potted fern can redeem an afternoon. Comfort matters too. The right chair, a lamp that flatters both paper and skin, the rituals that ease you into and out of work. The point is not perfection but creating a space that makes labor feel less like duty and more like rhythm.

Read the full article here »»»»»

This week on the Capital Markets 

NSE Gainers & Losers 

The NSE Investment Challenge is a fun, interactive, and educational platform designed to teach you how to invest on the Kenyan Stock market using a real-time trading simulation.

✅ Virtual capital to trade

✅ Live market data

✅ Learn real investing skills

✅ Open to students & young professionals

💰 Cash prizes for the top performers 

Click here to join this amazing opportunity 🎉

For up-to-date market insights and data from the NSE, join our Whatsapp channel here »»»»»

On Your Watchlist

Yesterday's Poll Results 

Do you think the planned privatization and listing of Kenya Pipeline is a beneficial move?

🟩🟩🟩🟩🟩🟩 Yes (52%)

🟨🟨🟨🟨🟨⬜️ No (48%)

Keep up with what’s happening on our X and LinkedIn pages. Stay updated with the latest financial news on our website The Kenyan Wall Street.