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HomeDaily NewsWednesday, March 11, 2026MPs greenlight Sh4.7tn spending for 2026/27 - March 2026
Business & Economy6 stories from 2 sources

MPs greenlight Sh4.7tn spending for 2026/27 - March 2026

Kenyan Members of Parliament have approved the 2026/2027 Budget Policy Statement, a framework allowing for total government spending of Sh4.7 trillion. This sets spending priorities and directs fiscal allocations for the upcoming financial year. Separately, the National Treasury's cost of emergency borrowing from the Central Bank of Kenya fell by 55% in the six months ending December 2025, reflecting early impacts of implemented reforms and eased interest rates. Meanwhile, MPs have revised the government's plan to sell a portion of its stake in Safaricom PLC, introducing enhanced protections for employees and business partners in the multibillion-shilling transaction.

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Tuesday 8:02 PMCapital BusinessFirst

MPs greenlight Sh4.7tn spending for 2026/27

MPs greenlight Sh4.7tn spending for 2026/27

Kenyan Members of Parliament (MPs) have approved the 2026/2027 Budget Policy Statement (BPS), a framework allowing for a total government spending of Sh4.7 trillion. This sets spending priorities and directs fiscal allocations for the upcoming financial year.

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Key Highlights

Kenyan Members of Parliament (MPs) have approved the 2026/2027 Budget Policy Statement (BPS), a framework allowing for a total government spending of Sh4.7 trillion. This sets spending priorities and directs fiscal allocations for the upcoming financial year.

  • The approved budget ceiling for the National Government is Sh2.8 trillion.
  • Key allocations include Sh420 billion as Equitable Share to counties and Sh4 billion for public participation initiatives.
  • Despite projected revenue growth, a Sh148 billion shortfall in actual revenue collection as of December 2025 signals potential fiscal pressure.
Tuesday 11:15 PMCapital Business

MPs revise Safaricom divestiture deal, shields employees

MPs revise Safaricom divestiture deal, shields employees

Members of Parliament have revised the government's plan to sell a portion of its stake in Safaricom PLC, introducing enhanced protections for employees and business partners in the multibillion-shilling transaction.

Read Story

Key Highlights

Members of Parliament have revised the government's plan to sell a portion of its stake in Safaricom PLC, introducing enhanced protections for employees and business partners in the multibillion-shilling transaction.

  • The government intends to divest up to 15 percent of its stake for an estimated Sh204 billion.
  • Key entities involved include the National Assembly, the National Treasury, and Vodacom Group.
  • Legislators have strengthened provisions to prevent job losses and ensure the company's existing operational structure and network of partners remain intact for at least a decade.
Wednesday 9:10 AMCapital Business

KQ Chair Kiprono Kittony resigns from NSE Board

KQ Chair Kiprono Kittony resigns from NSE Board

Kenya Airways (KQ) Board Chairman Kiprono Kittony has resigned from the board of the Nairobi Securities Exchange (NSE).

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Key Highlights

Kenya Airways (KQ) Board Chairman Kiprono Kittony has resigned from the board of the Nairobi Securities Exchange (NSE).

  • Resigned after serving approximately six years on the NSE board.
  • The resignation follows his appointment as the new Chairman of Kenya Airways on March 1, 2026.
  • Notable achievements during his tenure at the NSE include overseeing Kenya Pipeline Company's largest initial public offering (IPO).
Wednesday 10:48 AMCapital Business

Mwalimu Sacco writes off Sh960mn tied to failed Spire Bank investment

Mwalimu Sacco writes off Sh960mn tied to failed Spire Bank investment

Mwalimu National Deposit-Taking Sacco has written off Sh960 million tied to its failed investment in Spire Bank, despite reporting a significant profit increase for the year ended December 2025.

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Key Highlights

Mwalimu National Deposit-Taking Sacco has written off Sh960 million tied to its failed investment in Spire Bank, despite reporting a significant profit increase for the year ended December 2025.

  • The Sacco booked a Sh960.3 million net impairment charge primarily due to the Spire Bank venture.
  • The main organization involved is Mwalimu National Deposit-Taking Sacco, with the investment in Spire Bank (formerly Equatorial Commercial Bank) being the cause.
  • Despite the write-off, the Sacco's surplus nearly doubled to Sh1.27 billion in 2025, driven by growth in lending and member interest income.
Wednesday 1:36 PMCapital Business

Stanbic raises dividend by 7.3pc to Sh22.35

Stanbic raises dividend by 7.3pc to Sh22.35

Stanbic Holdings announced a 7.3 percent increase in its dividend payout to Sh22.35 per share. This comes after the bank reported a net profit of Sh13.7 billion for the year ended December 31, 2025.

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Key Highlights

Stanbic Holdings announced a 7.3 percent increase in its dividend payout to Sh22.35 per share. This comes after the bank reported a net profit of Sh13.7 billion for the year ended December 31, 2025.

  • Sh22.35 per share dividend payout.
  • Stanbic Holdings, led by Chairman Joseph Muganda.
  • Total assets grew 18.9 percent to Sh541.3 billion, and the non-performing loan ratio improved to 8 percent.
Tuesday 9:56 PMNation Business

Cost of Treasury loans from CBK falls 55pc on lower rates

Cost of Treasury loans from CBK falls 55pc on lower rates

The National Treasury's cost of emergency borrowing from the Central Bank of Kenya (CBK) fell by 55% in the six months ending December 2025. This significant drop reflects early impacts of implemented reforms and eased interest rates.

Read Story

Key Highlights

The National Treasury's cost of emergency borrowing from the Central Bank of Kenya (CBK) fell by 55% in the six months ending December 2025. This significant drop reflects early impacts of implemented reforms and eased interest rates.

  • Interest paid dropped to Sh1.58 billion, down from Sh3.48 billion in the previous similar period.
  • The Controller of Budget attributes the decline to the Treasury Single Account (TSA) system and a drop in CBK interest rates.
  • The average interest rate on borrowings stood at 9.41% per annum, down from 12.3% a year earlier.
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