Kenyan capital markets stakeholders are urging for significant tax reforms within the Finance Bill 2026 to foster a more inclusive and attractive investment environment.

• A key proposal is to shift stamp duty on share transactions from a flat fee to a 0.02 per cent charge to ease the burden on small investors.
• Key players include the Nairobi Securities Exchange (NSE), represented by its Head of Trading, David Wainaina, and the Association of Pension Trustees and Administrators of Kenya (APTAK), led by president Dr. Hosea Kili.
• Other demands include tax incentives for new listings, extended tax exemptions for infrastructure bonds, simplified procedures for non-resident investors, and tax exemptions for trusts supporting dependents of deceased pension members.