KPC debuts on Nairobi exchange with 3.3% gain after oversubscribed IPO
Kenya Pipeline Company debuted on the Nairobi Securities Exchange at Ksh 9.30, up 3.3% from its IPO price, according to Financial Fortune Media. The company became the NSE's sixth largest firm following its listing, reports Business Daily. The IPO was oversubscribed, according to african markets, while Reuters noted a marginal gain in early trading. President Ruto presided over the trading launch ceremony, reports the-star.co.ke.
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NSE 25 drops 32.85% as CBK clears Nedbank bid for up to 66% of NCBA
The NSE 25 closed at 2,742.64, down 32.8515% on Sept. 1, 2026. The Central Bank of Kenya approved Nedbank’s acquisition of a stake of up to 66% in NCBA Group, according to TechAfrica News and People Daily. The NCBA transaction led banking headlines over 2 days, with confirmation on Aug. 31 followed by approval reports on Sept. 1, according to the 2 outlets. Separately, HFCB Group shares were halted by the NSE after a results release, Serrari Group reported.
Nairobi Securities Exchange — KEGN at 11.4 KES as 7.89% yield and 7.2 P/E draw focus
KEGN rose 2.2% to 11.4 KES on Tuesday, extending its 5-day gain to 4.6% while the NSE 25 fell. With a 7.2 P/E and a 7.89% dividend yield, KenGen stands out as a defensive utility in a more selective market.
Press Release - Nairobi Securities Exchange Plc Appoints Sterling Capital Limited as a market maker in the NEXT Derivatives Market