The heavy sell pressure on Kenya Power shares is linked to concerns over Kenya’s new electricity market reforms.
Under the newly gazetted 2026 regulations by Energy and Petroleum Regulatory Authority (EPRA), large industrial and commercial consumers will now be allowed to buy electricity directly from producers such as KenGen and Independent Power Producers (IPPs), ending Kenya Power’s long standing monopoly over bulk electricity supply.
Under the newly gazetted 2026 regulations by Energy and Petroleum Regulatory Authority (EPRA), large industrial and commercial consumers will now be allowed to buy electricity directly from producers such as KenGen and Independent Power Producers (IPPs), ending Kenya Power’s long standing monopoly over bulk electricity supply.
Kenya’s second dollar denominated REIT officially opened today, and this time retail investors can participate too from as little as USD 1,000.
The TRIFIC Green USD Income I-REIT launched this morning (13 May 2026) with the TRIFIC North Tower at Two Rivers as its seed asset, a prime Nairobi property with 87 years remaining on its lease.
Key details:
✅ 29.8 million units at USD 1 per unit
✅ Offer closes 13 June 2026 at 5 p.m.
✅ NSE listing expected 23 June 2026
✅ Managed by Nabo Capital
✅ Transaction Advisor: KCB Investment Bank
✅ Trustee: NCBA Bank Kenya PLC
With the shilling volatility we have seen in the past, this is definitely one to keep on the radar.
The TRIFIC Green USD Income I-REIT launched this morning (13 May 2026) with the TRIFIC North Tower at Two Rivers as its seed asset, a prime Nairobi property with 87 years remaining on its lease.
Key details:
✅ 29.8 million units at USD 1 per unit
✅ Offer closes 13 June 2026 at 5 p.m.
✅ NSE listing expected 23 June 2026
✅ Managed by Nabo Capital
✅ Transaction Advisor: KCB Investment Bank
✅ Trustee: NCBA Bank Kenya PLC
With the shilling volatility we have seen in the past, this is definitely one to keep on the radar.
Today's Financial Nugget
Some people don’t fail financially because they earn too little. They fail because every increase in income immediately becomes an increase in lifestyle.
The first salary upgrade brings a better phone.
The next one brings a more expensive apartment.
Then comes a car loan, weekend spending, and pressure to “look like progress.”
But the people who quietly build wealth often do the opposite.
When their income grows, they increase ownership before they increase comfort.
They buy Treasury bonds before buying status.
They build a dividend portfolio before chasing luxury.
They put money into Special funds and SACCOs while everyone else is competing online for a flashy look.
After a few years, something interesting happens: their investments start paying part of their bills.
That’s the point many people miss about investing. The goal isn’t to become rich overnight. The goal is to slowly reduce the number of expenses that depend entirely on your salary.
A portfolio that pays your internet bill today can pay your rent tomorrow.
A SACCO contribution that looks “small” today can become the deposit for a property later.
Consistency looks boring in the beginning but powerful in hindsight.
In finance, flashy usually attracts attention. Quiet discipline builds freedom.
Some people don’t fail financially because they earn too little. They fail because every increase in income immediately becomes an increase in lifestyle.
The first salary upgrade brings a better phone.
The next one brings a more expensive apartment.
Then comes a car loan, weekend spending, and pressure to “look like progress.”
But the people who quietly build wealth often do the opposite.
When their income grows, they increase ownership before they increase comfort.
They buy Treasury bonds before buying status.
They build a dividend portfolio before chasing luxury.
They put money into Special funds and SACCOs while everyone else is competing online for a flashy look.
After a few years, something interesting happens: their investments start paying part of their bills.
That’s the point many people miss about investing. The goal isn’t to become rich overnight. The goal is to slowly reduce the number of expenses that depend entirely on your salary.
A portfolio that pays your internet bill today can pay your rent tomorrow.
A SACCO contribution that looks “small” today can become the deposit for a property later.
Consistency looks boring in the beginning but powerful in hindsight.
In finance, flashy usually attracts attention. Quiet discipline builds freedom.
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Treasury Bills Weekly Yield Movement (CBK Auction 18 May 2026):
• 91 day: 8.3176% (up from 8.1895%)
• 182 day: 8.2123% (slightly up from 8.2100%)
• 364 day: 8.5631% (up from 8.5145%)
The short end of the yield curve continues to remain elevated, with the 91-day paper once again recording the biggest week-on-week gain, reflecting current liquidity conditions and inflation expectations in the market.
Interestingly, the 91-day paper is now yielding more than the 182-day paper, a sign that short-term money is becoming more expensive as the government competes harder for immediate liquidity.
With yesterday’s fuel price hike expected to increase inflationary pressure across the economy, Treasury Bill rates will continue edging higher in the coming auctions.
• 91 day: 8.3176% (up from 8.1895%)
• 182 day: 8.2123% (slightly up from 8.2100%)
• 364 day: 8.5631% (up from 8.5145%)
The short end of the yield curve continues to remain elevated, with the 91-day paper once again recording the biggest week-on-week gain, reflecting current liquidity conditions and inflation expectations in the market.
Interestingly, the 91-day paper is now yielding more than the 182-day paper, a sign that short-term money is becoming more expensive as the government competes harder for immediate liquidity.
With yesterday’s fuel price hike expected to increase inflationary pressure across the economy, Treasury Bill rates will continue edging higher in the coming auctions.
Are you still keeping large amounts of cash idle in your bank account?
Today’s MMF yield update is out and some funds are paying significantly better returns while still allowing easy access to your money.
MMFs are one of the best places to park:
• Emergency funds
• Short-term savings
• Idle business cash
Why?
✅ Daily interest
✅ Easy withdrawals
✅ Low entry amounts
✅ Better returns than most savings accounts
Open your account here and start earning on your idle cash:
Etica Capital:
https://clients.eticacap.com/apply?referred_by=symonmburu12@gmail.com
Kuza:
https://client.kuza.africa/self_registration?agent_no=00184
Today’s MMF yield update is out and some funds are paying significantly better returns while still allowing easy access to your money.
MMFs are one of the best places to park:
• Emergency funds
• Short-term savings
• Idle business cash
Why?
✅ Daily interest
✅ Easy withdrawals
✅ Low entry amounts
✅ Better returns than most savings accounts
Open your account here and start earning on your idle cash:
Etica Capital:
https://clients.eticacap.com/apply?referred_by=symonmburu12@gmail.com
Kuza:
https://client.kuza.africa/self_registration?agent_no=00184
Standard Chartered Kenya Q1 earnings update:
Standard Chartered Kenya released a softer Q1 2026 performance as lower interest rates continued to weigh on lending income, despite improvements in loan growth and asset quality.
Q1 2026 Highlights:
• Profit after tax declined 26.3% to KSh 3.58Bn
• Net interest income dropped 23.3% to KSh 6.29Bn
• Total operating income fell 13.5% to KSh 10.03Bn
• Loans & advances grew 20.0% to KSh 165.4Bn
• Customer deposits increased 12.6% to KSh 321.2Bn
• Gross non-performing loans declined 26.7% to KSh 8.95Bn
The key theme from these results was pressure on margins.
Even though the bank expanded its loan book strongly, falling interest rates reduced earnings generated from lending activities, which ultimately dragged profitability lower.
Still, there were encouraging signs within the numbers.
Loan growth of nearly 20% points to improving credit demand, especially among corporate and quality borrowers. At the same time, the sharp decline in non-performing loans signals a healthier loan book and stronger asset quality.
The bank also recorded growth in non-funded income streams such as transaction banking, trade finance, and foreign exchange business, helping offset part of the decline in interest income.
Looking ahead, investors will likely focus on whether earnings can recover once interest rates stabilize. Standard Chartered’s strong liquidity position and conservative risk approach could support more stable long-term performance even during periods of slower earnings growth.
Standard Chartered Kenya released a softer Q1 2026 performance as lower interest rates continued to weigh on lending income, despite improvements in loan growth and asset quality.
Q1 2026 Highlights:
• Profit after tax declined 26.3% to KSh 3.58Bn
• Net interest income dropped 23.3% to KSh 6.29Bn
• Total operating income fell 13.5% to KSh 10.03Bn
• Loans & advances grew 20.0% to KSh 165.4Bn
• Customer deposits increased 12.6% to KSh 321.2Bn
• Gross non-performing loans declined 26.7% to KSh 8.95Bn
The key theme from these results was pressure on margins.
Even though the bank expanded its loan book strongly, falling interest rates reduced earnings generated from lending activities, which ultimately dragged profitability lower.
Still, there were encouraging signs within the numbers.
Loan growth of nearly 20% points to improving credit demand, especially among corporate and quality borrowers. At the same time, the sharp decline in non-performing loans signals a healthier loan book and stronger asset quality.
The bank also recorded growth in non-funded income streams such as transaction banking, trade finance, and foreign exchange business, helping offset part of the decline in interest income.
Looking ahead, investors will likely focus on whether earnings can recover once interest rates stabilize. Standard Chartered’s strong liquidity position and conservative risk approach could support more stable long-term performance even during periods of slower earnings growth.
Chess Financial Planning
Here's a snapshot of banks that have reported their Q1 2025 financial results so far. Equity Group continues to hold its ground at the top, leading as the most profitable bank this quarter.
Here's a quick snapshot update on the banks that have reported their Q1 2026 financial results.
Here is an update on USD Money Market Funds.
USD MMFs are ideal for investors looking to hedge against the depreciation of the Kenyan Shilling while earning relatively stable dollar denominated returns. They are especially useful for preserving purchasing power during periods of currency weakness.
For those interested in opening an account:
Etica Capital:
https://clients.eticacap.com/apply?referred_by=symonmburu12@gmail.com
Kuza:
https://client.kuza.africa/self_registration?agent_no=00184
USD MMFs are ideal for investors looking to hedge against the depreciation of the Kenyan Shilling while earning relatively stable dollar denominated returns. They are especially useful for preserving purchasing power during periods of currency weakness.
For those interested in opening an account:
Etica Capital:
https://clients.eticacap.com/apply?referred_by=symonmburu12@gmail.com
Kuza:
https://client.kuza.africa/self_registration?agent_no=00184
Dividends are never lost. Unclaimed payments are usually held by the company's shares registrar and later transferred to UFAA (Unclaimed Financial Assets Authority) which is after no one claims them after a long period.
To avoid missing your dividends, always keep your CDS account details, bank information, KRA PIN, phone number and email address updated.
To avoid missing your dividends, always keep your CDS account details, bank information, KRA PIN, phone number and email address updated.
May inflation came in at 6.7% which is a sharp jump from 5.6% in April.
If your money is sitting in standard savings accounts or underperforming assets earning 5 to 6%, your real rate of return is officially negative. The purchasing power of your wealth is eroding.
Explore inflation beating assets like bonds, quality stocks and unit trusts. For any questions or guidance feel free to reach me here: https://wa.me/254798551777
If your money is sitting in standard savings accounts or underperforming assets earning 5 to 6%, your real rate of return is officially negative. The purchasing power of your wealth is eroding.
Explore inflation beating assets like bonds, quality stocks and unit trusts. For any questions or guidance feel free to reach me here: https://wa.me/254798551777
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Chess Financial Planning
Photo
Here's a snapshot of Family Bank's Q1 2026 performance and key financial ratios as the market awaits a potential listing.
The bank delivered strong earnings growth, with Profit After Tax rising to KSh 1.60 billion, supported by robust net interest income growth and an expanding balance sheet. Total assets crossed KSh 230 billion, while liquidity remained strong at 63.9%.
On valuation, Family Bank trades at an implied 5.3x P/E and 1.0x P/B, compared to the Kenyan banking sector averages of 6.7x P/E and 1.1x P/B. This suggests the bank is currently priced at a discount (in the OTC market) to the broader sector despite generating a healthy 21.7% Return on Equity.
Asset quality remains an area to monitor, with the NPL ratio at 14.6%, slightly below the industry average of 15.6%. The bank also maintains a capital adequacy ratio of 18.6%, providing a comfortable buffer above regulatory requirements.
As anticipation builds around when it will list, these numbers offer an early look into Family Bank's profitability, efficiency, asset quality, capital strength, and valuation.
The bank delivered strong earnings growth, with Profit After Tax rising to KSh 1.60 billion, supported by robust net interest income growth and an expanding balance sheet. Total assets crossed KSh 230 billion, while liquidity remained strong at 63.9%.
On valuation, Family Bank trades at an implied 5.3x P/E and 1.0x P/B, compared to the Kenyan banking sector averages of 6.7x P/E and 1.1x P/B. This suggests the bank is currently priced at a discount (in the OTC market) to the broader sector despite generating a healthy 21.7% Return on Equity.
Asset quality remains an area to monitor, with the NPL ratio at 14.6%, slightly below the industry average of 15.6%. The bank also maintains a capital adequacy ratio of 18.6%, providing a comfortable buffer above regulatory requirements.
As anticipation builds around when it will list, these numbers offer an early look into Family Bank's profitability, efficiency, asset quality, capital strength, and valuation.
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Family Bank announces books closure for its Medium Term Note Programme:
Bondholders on record as of 4th June 2026 will be eligible for the upcoming interest payment due on 19th June 2026.
The notice covers:
• Family Fixed Bond – 13.0% coupon
• Family Floating Bond – 12.5% coupon
For investors tracking Family Bank ahead of its anticipated listing, this is another indication of the bank's active participation in Kenya's capital markets.
Bondholders on record as of 4th June 2026 will be eligible for the upcoming interest payment due on 19th June 2026.
The notice covers:
• Family Fixed Bond – 13.0% coupon
• Family Floating Bond – 12.5% coupon
For investors tracking Family Bank ahead of its anticipated listing, this is another indication of the bank's active participation in Kenya's capital markets.