The Garden City Advertising Fight

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Kenyan Wall Street
December 15, 2025

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Here are our stories for the day…

How a Compensation Claim over Garden City Advertising Contract Flopped

By Brian Nzomo

A battle over advertising space at the Garden City Mall has ended with a surprising twist: the marketing company claiming tens of millions in lost revenue walked away empty-handed, and now owes money to the mall operator. JohnGray Communication Ltd, the firm hired to manage signage, events, and other commercial activities at the popular retail hub, argued it was forced out unfairly and suffered heavy financial losses. The High Court agreed, but the main issue then became who owed who what. In the end, the courtroom chess match produced an ironic turn. JohnGray had established that the mall operator broke the contract, yet emerged owing the operator more than KSh3 million.

Read the article here >>>>>

In the Markets

Uchumi Falls After Long Rally as Foreigners Turn Net Buyers | The Kenyan Wallstreet

Uchumi fell 9.73% after a long rally as turnover reached KSh 989M. Foreign buys hit 565M while the NASI gained 0.68%. Safaricom’s green MTN drew 41.4Bn in bids.

kenyanwallstreet.com/uchumi-drops-after-record-run-as-turnover-hits-k-sh-989-million

Airtel Money Tops 10%, M-Pesa Falls Below 90% Market Share | The Kenyan Wallstreet

Airtel Money reached 10.3% in the September 2025 quarter as M-Pesa slipped to 89.7%. Mobile-money subscriptions hit 47.7M and penetration rose to 91% in Kenya.

kenyanwallstreet.com/airtel-money-breaks-10-market-share-as-m-pesa-slips-below-90-for-the-first-time

NSE Launches Banking Sector Index Future and Resets Margins | The Kenyan Wallstreet

NSE introduces a Banking Sector Index future and revises margin requirements across major contracts to strengthen hedging and market risk management.

kenyanwallstreet.com/nse-overhauls-futures-margins-and-introduces-sector-index-future-ahead-of-2026

INSIGHT : Kenya Among Top COMESA Investment Destinations

By Fred Obura

Foreign Direct Investment (FDI) into the COMESA region hit US$65 billion in 2024 and Kenya ranked among the bloc’s top five destinations. The figures are contained in the inaugural COMESA Investment Report 2025, jointly produced by UN Trade and Development (UNCTAD) and the COMESA Regional Investment Agency (RIA). Although the report does not disaggregate country-specific inflows in the press statement, its narrative positions Kenya as an increasingly strategic destination for energy, manufacturing, agribusiness and regional headquarters operations — sectors that remain central to Nairobi’s own economic ambitions. Read the full article here »»»»»

Also Read

Kenyan Crypto Firms Form Umbrella Lobby Ahead Of VASP Rules | The Kenyan Wallstreet

Ahead of regulations from the Treasury, which will govern the licensing of crypto companies, over 50 firms in the sector coalesced a new industry lobby

kenyanwallstreet.com/kenyan-crypto-firms-umbrella-lobby-vasp-rules

Equatorial Guinea Joins the Africa Finance Corporation

Equatorial Guinea has become the 47th member of the Africa Finance Corporation, the continental body said in a statement on Thursday.

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LemFi Secures 14 State Money Transmitter Licenses, Strengthening its US Presence and Commitment to Trust

US expansion continues LemFi’s mission to build a full suite of financial services for immigrants, tailored to their specific needs

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