This week’s edition of The Mwango Weekly reviews Kenya’s 2025 economic and market performance, marked by a strong rally at the Nairobi Securities Exchange, record bond market turnover, and improved investor sentiment reflected in tighter Eurobond yields. Inflation trended higher in the second half of the year, driven mainly by food and transport costs, even as core inflation continued to ease and monetary policy remained accommodative with cumulative rate cuts of 400 basis points. Capital inflows were supported by successful Eurobond issuances and steady diaspora remittances, while Q3 2025 GDP data showed broad-based sectoral growth led by agriculture, construction, mining, and services. Looking ahead to 2026, attention shifts to major capital market transactions, policy developments, and IPO activity, with early-year market performance indicating a positive start amid active trading, stable treasury yields, and a busy pipeline of regional and global market developments.