The Kenyan government is set to receive over Sh200 billion from the sale of its 15 percent stake in Safaricom to South Africa’s Vodacom. The funds are expected to be deposited into the National Infrastructure Fund on Friday, July 2nd.

• Sh200 billion expected from the Safaricom stake sale.
• The National Treasury Cabinet Secretary John Mbadi confirmed the transaction.
• The sale, which increases Vodacom's stake to 55 percent, will capitalize the National Infrastructure Fund for major infrastructure projects.

Treasury Cabinet Secretary John Mbadi has assured Kenyans that the government is committed to reducing Pay As You Earn (PAYE) tax, despite implementation delays.

• The government's proposal aims to exempt employees earning Sh30,000 and below from PAYE and reduce rates for those earning up to Sh50,000.
• Key person involved: Treasury Cabinet Secretary John Mbadi.
• The proposal will undergo public participation before legislative introduction.

The Nairobi Securities Exchange (NSE) has appointed Tom Mulwa as its new chairman, effective July 13, 2026, succeeding Kiprono Kittony.

• Tom Mulwa brings over 30 years of experience in financial services and is a pioneer of Liaison Group.
• The appointment was approved by the NSE board on June 30.
• Kiprono Kittony, who joined the board in May 2018 and became chairman in July 2020, leaves after overseeing significant developments including ending an 11-year IPO drought.