S&P has upgraded Kenya's long-term sovereign credit rating to 'B' from 'B-', citing reduced liquidity risks driven by stronger foreign exchange reserves and easing near-term external financing pressures.

• Kenya's foreign reserves hit $11.2 billion (Sh1.46 trillion) in July 2025, significantly up from $6.6 billion (Sh858 billion) at the end of 2023.
• The credit rating agency, S&P, improved Kenya's rating due to robust export earnings and diaspora remittances.
• The Central Bank of Kenya has eased its policy since August 2024, cutting rates by a cumulative 350 basis points to 9.5%, lowering government borrowing costs.

S&P Global Ratings has upgraded Kenya's long-term sovereign credit rating to ‘B’ from ‘B-’, maintaining a stable outlook, citing reduced near-term external liquidity risks and stronger foreign exchange reserves.

• Kenya’s foreign reserves hit a record $11.2 billion in July 2025, nearly doubling from $6.6 billion at the end of 2023.
• The rating agency highlighted resilient economic growth and improved export earnings, notably from coffee, and sustained diaspora remittances.
• The February Eurobond deal, including a an $1.5 billion issuance, significantly cut near-term Eurobond repayments to $108 million annually through 2027.

The Nairobi Securities Exchange (NSE) has seen investor wealth jump by KSh1 trillion since CEO Frank Mwiti took over in May 2024, with market capitalization reaching KSh2.678 trillion. The NSE All Share Index closed at 170.03 on Friday, August 22, 2025, doubling in value in nine months.

• Investor wealth increased by KSh1 trillion under CEO Frank Mwiti's leadership.
• The NSE All Share Index surged to 170.03, marking its first close above 170 in over three years.
• Sameer Africa led gainers with a +430.9% increase, while Eveready dropped 30.3%.