17th newsletter

This week’s Mwango Weekly highlights Co-operative Bank’s solid Q3 2025 performance, with profit before tax rising to KES 30B and the bank issuing its first-ever interim dividend. We also cover EABL’s oversubscribed Medium-Term Note (MTN) tranche, which raised KES 16.76B at an 11.80% coupon, signalling strong demand for corporate credit. The earnings wrap features Uchumi’s return to profitability, volatile results across the tea sector, and continued uncertainty over global demand pressures. In markets, the NSE closed Week 46 lower amid foreign outflows, while Treasury bills remained oversubscribed and Eurobond yields eased. Additional updates include major court rulings, new regulatory developments, corporate actions, and regional investment shifts—from Naivas’ expansion plans to South Sudan’s search for USD 2.5B in crude pre-payments.