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Rejuvenating the Capital City
Kenya's #1 newsletter among business leaders & policy makers
Hello 👋🏽 It's Brian from The Kenyan Wall Street.
In today's newsletter,
Nairobi City is set to receive a massive upgrade thanks to a deal signed between the National government and the county governor.
Tehran may need Kenya's help to investigate a local company connected to Iran's tea importation scandal…
Rejuvenating the Capital City
Nairobi governor Johnson Sakaja and Prime Cabinet Secretary Musalia Mudavadi sign deal between the national government and the Nairobi City county at State House
By Fred Obura
Nairobi is set for an KSh 80 billion overhaul. The national government and the city’s county government have struck a deal to modernize roads, light the streets with solar power, tame seasonal floods, and shove housing and waste systems into the 21st century. The plan comes wrapped in bureaucratic safeguards: joint oversight, cost-sharing formulas, and strict budgetary vetting, all to keep the capital’s chaos from spilling over the republic. It’s an ambitious bet that Nairobi can finally live up to its global and national ambitions without losing its devolved autonomy.
Read more details here >>>>>
Kenya to Buyback KSh 64.5Bn Eurobond
By Harry Njuguna
Kenya is seeking to retire up to US$ 500Mn (KSh 64.5Bn) of outstanding Eurobonds at premium prices, targeting its 7.25% notes due 2028 and 8.0% amortizing notes due 2032. The move comes as the government prepares a fresh US dollar bond issuance, according to filings published by the London Stock Exchange (LSE). The move comes amid sustained pressure on Kenya’s refinancing profile, with the next significant sovereign maturity in February 2028 and a growing commercial debt burden.
Read the whole article here »»»»»
The Iranian Request
By Brian Nzomo
Iran has formally requested Kenya’s help in a multi-billion tea corruption scandal, centered on allegations that Kenyan exports were misrepresented to pocket foreign currency. The case focuses on tracing the flow of goods and funds linked to Debsh Tea Company, though no Kenyan firm faces public wrongdoing or prosecution. Kenya’s cooperation, mainly providing documentation and facilitating investigations, is seen as crucial to resolving the matter. How Nairobi responds could decide whether Iran resumes imports of Kenyan tea, a market that once accounted for the bulk of the country’s shipments to Tehran.
Read the details here >>>>>
Stablecoins Lure Kenyan Banks
Representatives of banks and Stablecoin firms at the roundtable event dubbed ‘The Kenyan Wall Street: Board of Trailblazers’ at the Capital Club in Nairobi
By Brian Nzomo
Kenyan banks are being pushed to embrace stablecoins and blockchain as digital-asset firms, regulators, and lenders explore ways to modernize cross-border payments and treasury operations. A roundtable at the Capital Club of East Africa highlighted that without adopting these technologies, traditional banks risk losing transaction volumes and revenue to tech platforms and offshore intermediaries. Industry leaders argue that partnerships between banks and licensed digital-asset firms could redefine core banking, turning stablecoins from a fringe experiment into a central pillar of Kenya’s financial system.
Read more details here >>>>>
By Cuba Houghton
Kenya’s public debt was once sold as a ladder to development; it now looks more like a ceiling pressing down on classrooms, clinics, and cash transfers. New research suggests that each annual rise in the debt stock carries a disproportionate squeeze on social spending, as interest payments claim first rights to tax revenue. The promise that borrowing would finance prosperity has curdled into a fiscal reality in which the future is mortgaged before the present is funded.
Read this opinion article here »»»»»
On Your Watchlist
Is marriage a "wealth hack" for men but a risk for women? In this eye-opening excerpt, Val Njoroge (Founder, Africa’s Pocket) and Stan Agacho (Growth Strategist One Million Nation) join Just Ivy Africa to expose the financial traps of the Kenyan middle class.
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Upcoming Events : InvestKenya Announces the Upcoming Kenya International Investment Conference (KIICO) 2026
Taking place at the Radisson Blu Upper Hill on March 25, 2026, the 4th Kenya International Investment Conference (KIICO) 2026 is set to be the largest and most impactful investment promotion conference in Kenya’s history. Register here »»»»»
During KIICO 2026, Kenya will also host the 2nd COMESA Investment Forum on March 26 and the Africa Green Industrialization Initiative (AGII) on March 27th.
Read more about it here »»»»»
Today in History
Dedan Kimathi, a pivotal figure in Kenya’s struggle against British colonial rule through the Mau Mau uprising , was executed at Kamiti Maximum Security Prison, sealing one of the bloodiest chapters in Kenya’s struggle for independence.
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