The Long Drive to the Bourse

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

In today's newsletter, another company is prepping up for listing at the NSE. Also, we analyze the trajectory of mobile money in Kenya for the nine months of 2025.

The Long Drive to the Bourse

By Harry Njuguna

AA Kenya has taken a decisive step into the capital markets, signaling the end of its member-association chapter and the start of a new era on the Nairobi Securities Exchange (NSE). Shareholders approved a complex set of capital maneuvers; a share split, bonus issues, and room for future allotments, hinting at ambitions that reach beyond simple listing. Beneath the numbers lies a story of steady growth: driving schools, roadside assistance, and insurance services have quietly strengthened the company’s balance sheet. Investors and insiders are watching closely, aware that a century-old institution is negotiating the delicate transformation from familiar association to liquid, tradable entity.

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What's more on the Markets…

The Mobile Money Slowdown

By Fred Obura

Kenya’s mobile money rush is showing the first hints of fatigue. September data suggests that while agent networks continue to expand, total transaction volumes and values are gently contracting, a reflection of tighter household wallets and subtle shifts in user habits. Analysts note the market may be nearing saturation, even as fintech innovations; savings, credit, and merchant payments, begin to reshape how money flows. Amid the slowdown, a quiet restructuring is underway: fewer, larger transactions may be replacing the countless micro-movements that once defined the country’s digital cash economy.

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 Happening next week 

Visit our new website here to get updated on this story and others…

OPINION: Is Bitcoin Calming Down as it Matures?

By Apollo Sande

Bitcoin, once the unruly teenager of finance, is showing signs of maturity. Recent studies suggest its volatility now even lags behind some of the more temperamental S&P 500 stocks, a far cry from the dizzying swings of its early years. Institutional participation, ETFs, and smarter platforms like Luno have smoothed the ride, while retail investors wrestle with lingering perceptions of chaos. Perhaps the most surprising lesson: a sixteen-year-old digital asset is learning the patience of gold, if not yet its centuries of credibility.

Read the article here >>>>>

On December 4–5, Latitude59 Kenya brings together founders, investors, operators and ecosystem builders for two days of real insight not hype. Expect candid discussions on what it truly takes to build sustainable, revenue-driven companies, practical workshops led by top experts, and masterclasses you can apply immediately.

Plus, the Top 10 startups selected from 222 applicants will pitch live on stage for the 2025 title. If you’re building, investing, or shaping the future of tech in Africa, you cannot afford to miss this.

Grab your ticket here »»»»»

On Your Watchlist 

Do feel-good office vibes matter when fair pay and job security are on the line in the workplace?

In the fifth episode of the Just Money Podcast, our host Just Ivy Africa sits down with Seasoned HR expert Daisy Cherono (Master in International Human Resources Management) and seasoned Office and Operations Manager Michelle Ndonye.

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