1st Dec poster

This week’s Mwango Weekly spotlights rising momentum in sustainable finance as Safaricom issues a KES 15B Green Note — the first under its KES 40B MTN programme — to fund renewable energy and digital inclusion at a competitive 10.4% tax-exempt rate. Banking sector performance was mixed, with Standard Chartered reporting a 38% profit drop after booking a sizeable one-off pension payout, even as its core operations and asset quality improved. Centum also continued restructuring progress with a narrower half-year loss driven by real estate and SEZ gains. In the markets, the NSE experienced mild declines on persistent foreign selling, while bond turnover surged and Eurobond yields eased. Meanwhile, inflation eased to 4.5% as the CBK enforced the revised risk-based credit pricing model across the sector — marking a significant evolution in lending dynamics.