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- The Titans of the stock market...
The Titans of the stock market...
Kenya's #1 newsletter among business leaders & policy makers
After years of market lethargy, Nairobi’s bourse aristocracy is back. The ten largest firms listed on the Nairobi Securities Exchange (NSE), a club made up of banks, a telco, and a beer maker — have clawed their way to the top…
I am Brian from The Kenyan Wall Street and these are our day's business stories:
Capital Markets
📈 The Titans of the Stock Market
By Harry Njuguna
The Nairobi Securities Exchange’s (NSE) top ten stocks are back in command, their combined market cap soaring past KSh 2 trillion for the first time since 2022. Safaricom alone accounts for nearly half of that, reclaiming its KSh 1 trillion crown. The rest of the pack, mostly banks, form a tight, capital-heavy circle that’s left the rest of the market in the shadows. Regulators warn of over-concentration, but investors seem happy to pile in, even as new listings remain elusive. Is this a sign of resilience, or just the same old dominance dressed up in a bull market’s clothing? Read more
🛒 Uchumi Supermarket: What's Up?
By Brian Nzomo
Uchumi Supermarket has secured a KSh26.7 million court win against franchisee Aljazeera City Market over unpaid goodwill, royalties, rent, and missing assets. The ruling comes as Uchumi leans heavily on franchising to stay afloat, shedding the costs of direct retail operations. Its plan to convert the Lang’ata Hyper branch into a shopping mall is stalled by a separate tenant dispute, leaving only two outlets still in operation. Once a retail titan, Uchumi now clings to a flicker of relevance on the Nairobi bourse, where its shares trade as penny stock. The court win is a rare reprieve amid a long, slow collapse. Read more.
NSE Gainers & Losers
Source: NSE
Tech Overview
Starlink’s Kenyan expansion dream has dimmed, with its market share slipping below 1% amid stalled expansion and saturated satellite beams. A freeze on new activations in Nairobi and other hubs left customers staring at “sold out” screens while traffic rerouted through Frankfurt dragged down speeds. Though a new Nairobi ground station arrived mid-year, the Q1 stumble exposed how little margin for error exists in Africa’s crowded skies. Read more.
Kenya’s digital revolution is surging ahead, but so are the cyberattacks. With over 2.5 billion threats logged in just three months, vulnerabilities in the nation’s tech infrastructure have turned opportunity into exposure. As the economy moves online, so do the criminals, and the race to secure Kenya’s digital frontier has never been more urgent. Read more.
What you missed…
Last Friday’s Poll Results
Do you think the concerns raised by some of the crypto stakeholders are valid?
🟩🟩🟩🟩🟩🟩 Yes (83%)
🟨⬜️⬜️⬜️⬜️⬜️ No (17%)
Editor's Picks
Regional Focus
On your watchlist
CBEX promised prosperity but delivered one of Africa’s biggest financial heartbreaks. What began as a fast-growing crypto platform quickly turned into a high-tech Ponzi scheme, swindling over $847 million (USDT) from thousands of investors across Kenya, Nigeria, and beyond.
Keep up with what’s happening on our X and LinkedIn pages. Stay updated with the latest financial news on our website The Kenyan Wall Street.