Kenya’s Largest Dividend Payout

Good evening. It’s Brian from The Kenyan Wall Street.

These are our stories in today’s newsletter…

Kenya’s Largest Dividend Payout

By Harry Njuguna

Safaricom has proposed a total dividend of KSh 2.00 per share for FY2026, translating to a payout of KSh 80.13 Bn, the largest corporate dividend declaration in Kenya's history in absolute terms. The proposal breaks a three-year freeze and surpasses the telco's own prior record set in FY2019. The board recommended a final dividend of KSh 1.15 per ordinary share, bringing the full-year total to KSh 2.00 after the KSh 0.85 interim paid in March 2026. Among Kenyan corporates, the next largest FY2025 dividend payouts were KCB at KSh 22.5 Bn and Equity Group at KSh 21.7 Bn, both less than 27% of Safaricom's FY2026 figure.

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From Cyber Hell to Battlefields: How Kenyans Are Trafficked Abroad

By Fred Obura

The dream of a lucrative "tech job" or a "security assignment" abroad is turning into a living nightmare for scores of Kenyans, as sophisticated transnational syndicates trade human lives for profit. From the neon-lit scam compounds of Southeast Asia to the active frontlines of the Russia-Ukraine conflict, the Ministry of Foreign and Diaspora Affairs has laid bare a chilling escalation in fraudulent recruitment practices. Perhaps the most alarming shift is the documentation of 252 Kenyans enlisting in Russian special forces. The human trafficking syndicates are using different tactics, including routing travel routes through 'safe' transit hubs, and deploying tools such as generative AI to create hyper-realistic recruitment scams that outpace current preventive measures.

Read more here »»»»»

A Reflection of Six Years of Glovo

By Brian Nzomo

Spanish multi-category platform, Glovo, is turning Kenya into a proving ground for a broader reinvention of its business, using the country’s dense cities, informal retail networks, and deep tech talent to test how urban commerce may evolve across emerging markets. In an interview with The Kenyan Wall Street, the company’s co-founder, Sasha Michaud, said that the market has shifted from an uncertain frontier into a strategic hub shaping its global model. The company has positioned the country as a regional hub, not only for managing its East African business but also for supporting operations across more than 20 countries where it operates. Nairobi is being developed into a center for operational support and customer service functions, part of a broader shift toward embedding core capabilities in African markets, as Glovo bets on the country's pro-investment strategy and talent density.

Read what Michaud said here >>>>>

35 Things The Economic Survey 2026 Tells Us About Kenya (That Most People Will Miss)

The latest dispatch from the Kenya National Bureau of Statistics (KNBS) arrives with the usual bureaucratic heft, a document so dense it seems designed less to be read than to be endured. Yet inside the Economic Survey 2026 is a quieter, more unsettling narrative, one in which macroeconomic calm coexists with a labor market still overwhelmingly informal and a growth rate that lags behind its East African peers. The numbers suggest a country that has stabilized its surface without resolving its underlying tensions, where a stronger shilling and lower inflation mask deeper structural frictions. What follows is an attempt to read between those lines, to extract not just what the economy is doing, but what it is becoming.

Economist Prince Muraguri writes >>>>>

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