NSE gets a new chairman

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

These are our day’s stories…

NSE Gets a New Chairman

By Harry Njuguna

The Nairobi Securities Exchange (NSE) Plc has appointed Tom Mulwa as Chairman of its Board effective 13 July 2026, replacing Kiprono Kittony who retired as Chairman and Independent Non-Executive Director effective 12 July 2026. NSE credited Kittony with leading the exchange through a period that included the end of an 11-year IPO drought through the listings of Kenya Pipeline Company and Family Bank. Mulwa joined the NSE Board in September 2025 as an Independent Non-Executive Director, and his appointment to the chair was approved by the Board on 30 June 2026, following a review of the exchange’s board composition and the conclusion of Kittony’s term. Mulwa is one of the pioneers of Liaison Group, which he joined in 1991 and has led as Chief Executive Officer since 1999.

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Nairobi to Host Forum on Wealth Management and Family Office Investment

By Fred Obura

Nairobi will host the Capital & Legacy Forum in November as Africa's private wealth industry undergoes a period of rapid evolution, driven by the growth of family-owned businesses, rising entrepreneurial wealth and increasing cross-border investment across the continent. The forum will convene high-net-worth individuals (HNWIs), ultra-high-net-worth (UHNW) families, family offices, institutional investors and wealth management professionals to examine emerging trends in capital allocation, governance and intergenerational wealth preservation. Kenya has strengthened its position as East Africa's financial hub, with Nairobi serving as a base for regional and international investment firms seeking opportunities across the continent. As family offices assume a more prominent role in managing private capital, discussions are expected to focus on investment structuring, succession planning, portfolio diversification and governance frameworks designed to preserve wealth across generations.

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The KSh 1 Trillion Agriculture Plan

By Brian Nzomo

Kenya has launched a KSh1.08 trillion five-year investment plan to overhaul its agricultural sector, betting that private investors will finance nearly half the cost of the ambitious program. The plan envisages KSh1.08 trillion in investment over five years, with the national and county governments contributing 35% or KSh378.35 billion, the private sector providing 45% or KSh486.45 billion, and development finance institutions and bilateral partners financing the remaining 20%, equivalent to KSh216.2 billion. The funding will be rolled out progressively, with 20% deployed in the first year, roughly 25% in each of the second and third years and roughly 15% in each of the final two years. Agriculture accounts for about 22% of gross domestic product and roughly 60% of rural employment, yet sector growth averaged 2.7% between 2019 and 2024, well below the government's 6% target.

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How Airlines are Keeping Africa and the Gulf Connected

By Fred Obura

As tensions in the Middle East continue to disrupt international air routes, Gulf airlines have stood out for their resilience, rerouting flights, optimising hubs and maintaining connectivity. In doing so, they are quietly reshaping the balance of African air transport, between continued dependence and the gradual rise of new regional hubs. This operational challenge has been compounded by a major energy shock. The rise in aviation fuel prices, directly linked to tensions on oil markets and disruptions around the Strait of Hormuz, is weighing on the entire sector. The main Gulf airlines have had to pivot and adapt their operations in depth. Qatar Airways, for example, has adjusted several routes by relying on the flexibility of its Doha hub. Other carriers, such as Oman Air and Kuwait Airways, have also had to adjust their operations, extending some routes and adapting flight plans to avoid the areas most exposed to regional tensions.

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