The Resurgence of Kenya's NSSF

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Kenyan Wall Street
January 26, 2026

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NSSF’s Incredible Rebound

By Harry Njuguna

Kenya’s National Social Security Fund posted its strongest financial performance on record in FY2025, with members’ funds rising 43% to KSh 572.8 Bn, after adding KSh 172.6 Bn in a single year. The expansion was driven by a sharp rise in member contributions and a surge in investment returns, lifting net investment income to KSh 105.3 Bn and total investment assets to KSh 558.0 Bn. Active membership increased 8% to 3.6 million, pushing average annual contributions per active member higher and reversing nearly a decade of stagnation

Read the full article here >>>>>

In Capital Markets Last Week:

NSE Indices Rise in Week IV as Foreign Outflows Ease | The Kenyan Wallstreet

NSE indices posted modest gains in Week IV as turnover rose to KSh 3.2Bn and foreign outflows eased to KSh 583M, with banks and ETFs driving activity.

kenyanwallstreet.com/week-iv-indices-advance-as-turnover-rises-and-foreign-outflows-ease

Tracing the History of the NSE 20 Share Index | The Kenyan Wallstreet

Explore the rise, transformation, and legacy of Kenya’s NSE 20 Index—from its East African roots to its modern role in capital market history.

kenyanwallstreet.com/from-east-african-industrial-to-nse-20-the-forgotten-roots-of-kenyas-market-benchmark

Kenya Pipeline IPO Prices At KSh 9, Valuation at KSh 163.6Bn | The Kenyan Wallstreet

Kenya Pipeline Company has priced its IPO at KSh 9 per share, implying a KSh 163.6Bn valuation based on an EV/EBITDA multiple of 8.1x using FY2025 earnings.

kenyanwallstreet.com/kenya-pipeline-ipo-prices-at-k-sh-9-valuing-state-fuel-transporter-at-k-sh-163-6-billion

UK–Kenya Business Forum Brings Together 180+ Firms to Boost Trade and Investment

By TKWS

More than 180 British and Kenyan companies convened in Nairobi for the inaugural UK–Kenya Business Forum 2026, a high-level gathering aimed at accelerating trade, investment, and policy reforms to strengthen Kenya’s business climate. With more than 150 British companies employing over 250,000 Kenyans, and duty-free access to UK markets guaranteed under the UK–Kenya Economic Partnership Agreement, officials described the relationship as a modern, innovation-driven partnership anchored in green growth and long-term capital flows. Read more about this here >>>>>

Insights to Start Your Week

Kenya's Political Economy is Killing its Businesses | The Kenyan Wallstreet

Kenya's business people have the unfortunate privilege of being both over regulated and under regulated - we have a lot of compliance we have to deal with, but where it matters, we have to dig into...

kenyanwallstreet.com/kenyas-political-economy-is-killing-its-businesses

How Artificial Intelligence is Optimizing Maintenance, Re... | The Kenyan Wallstreet

Artificial Intelligence (AI) is no longer just a passing trend; it is reshaping industrial operations at every level.

kenyanwallstreet.com/optimising-maintenance-repair-and-operations-through-artificial-intelligence

After Senegal’s Turbulent Triumph, East Africa Prepares for AFCON 2027 | The Kenyan Wallstreet

If successful, AFCON 2027 in East Africa could mark not only a geographic shift in hosting, but a governance turning point for African football itself.

kenyanwallstreet.com/is-afcon-at-a-crossroads-after-senegals-turbulent-triumph-ahead-of-east-africa-2027

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