How Much Kenyans Will Need to Invest in Dangote IPO Through NSE 

Hello and welcome to the Money News Roundup. Today, we cover plans to allow Kenyans to invest in the Dangote IPO through the NSE and a new Bill allowing mobile money providers to invest customer deposits. 

Kenyans to Buy Dangote Refinery Shares at Ksh49 Each Through NSE

Kenyan investors could soon buy Dangote Petroleum Refinery shares for as little as Ksh490 through a proposed NSE vehicle awaiting regulatory approval.

As reported by the Business Daily, Investment bank Renaissance Capital plans to issue Global Depository Receipts (GDRs), with each receipt representing underlying Dangote shares listed on Nigeria’s NGX.

Stanbic Bank will act as custodian, while Kenyan investors will trade the GDRs through licensed local brokers and settle transactions in shillings through the CDSC.

The proposed offer is expected to run from October 5 to October 13, subject to approval, with the receipts scheduled to list on the NSE from December 8. Investors will be able to purchase a minimum of 10 Dangote shares for about Ksh490.

The IPO involves 4.1 billion shares, representing a 3% stake, priced at Ksh49.25 each. Dangote plans to use the Ksh202 billion proceeds to double the refinery’s capacity from 700,000 to 1.4 million barrels per day.

M-PESA, Airtel Money Allowed to Invest Deposits in Govt Securities in New Bill

M-Pesa and Airtel Money could invest customer deposits in government securities and interest-bearing bank accounts under the proposed National Payments Systems Bill 2026. The move could generate significant returns from the large sums held in trust accounts.

As reported by the Business Daily, M-Pesa processed Ksh41.7 trillion in transactions in the year to March 2026, highlighting the scale of funds moving through mobile wallets. 

Former CBK Governor Patrick Njoroge has proposed that customers receive a share of investment returns after trust account expenses, instead of all proceeds going to charity.

Njoroge has called for agent sharing, allowing customers to deposit and withdraw cash from any authorised agent regardless of their provider.

Nairobi & 31 Counties to Receive Rainfall This Week - Kenya Met

Rainfall is expected in parts of 32 counties between September 29 and October 5, according to the Kenya Meteorological Department’s weekly forecast. 

As reported by the Star, the counties are Lamu, Kwale, Kilifi, Mombasa, Tana River, Taita Taveta, Mandera, Marsabit, Meru, Embu, Garissa, Kiambu, Kirinyaga, Kisumu, Kitui, Laikipia, Machakos, Makueni, Murang’a, Nairobi, Nakuru, Nyandarua, Nyeri, Tharaka-Nithi, Trans Nzoia, Bungoma, Elgeyo Marakwet, Bomet, Kericho, Kisii, Nyamira and Wajir.

Meteorologists expect most areas to receive above-normal rainfall, with generally good distribution and fewer dry spells.

Shell, TotalEnergies and Rubis Lose Kenya Fuel Market Share

Major oil marketers Shell, TotalEnergies Kenya and Rubis Energy Kenya lost market share in the year ended June 30, 2026, as smaller players gained ground.

As reported by Capital Business, the latest EPRA Energy & Petroleum Statistics Report shows Vivo Energy Kenya, which operates Shell, saw its share decline from 20.80% to 19.70%. TotalEnergies Kenya fell from 14.84% to 14.12%, dropping to third position after being overtaken by Rubis. Rubis also declined, from 15.43% to 14.04%.

Meanwhile, Hass rose to fifth position from seventh, increasing its market share from 3.15% to 3.44%. Galana also grew, with its share rising from 3.21% to 3.35% during the period.

Maiden 40,000-Tonne Fuel Shipment to Rwanda Arrives at Mombasa 

40,000 metric tonnes of petrol and diesel have arrived at the Port of Mombasa, marking Rwanda’s first fuel shipment under a June 29 deal with Kenya. The cargo is expected to boost Rwanda-bound petroleum volumes through the Northern Corridor tenfold, from 60,000 to 600,000 cubic metres annually.

As reported by Citizen Digital, the fuel will move through the Kenya Pipeline Company network to Kisumu before being transported via Lake Victoria to Rwanda. Kenya says its pipeline and storage infrastructure can handle the additional volumes without affecting local supply.

The deal is expected to increase transit revenues for KPA and KPC while strengthening Mombasa’s position as a regional energy hub. Kenya is also considering supplying Rwanda with fuel from the planned Lamu refinery.

SACCOs Increase Lending to Ksh596.54 Billion in 2025

Kenya’s regulated SACCOs increased lending to Ksh596.54 billion in 2025, up from Ksh542.75 billion in 2024, with land and housing receiving the largest share at 26.35%. Education accounted for 20.87%, while agriculture received 18.56%.

As reported by the Kenyan Wall Street, trade attracted Ksh77.47 billion, while consumption and social services received Ksh54.19 billion. The sector’s assets rose 12.5% to Ksh1.21 trillion, with member savings and deposits reaching Ksh832.74 billion and membership hitting 7.87 million.

Government-based SACCOs controlled Ksh781.30 billion, representing 64.5% of regulated assets. Agriculture-based SACCOs had the largest membership at 3.19 million.

Meanwhile, unremitted employee deductions increased to Ksh3.92 billion, affecting 89 SACCOs.

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Kenyan travellers can now purchase international mobile data packages through the Kwetu eSIM Mini App on the Safaricom M-PESA Super App. The service covers over 200 destinations and allows users to pay using their M-PESA balances without international cards. Travellers can keep their Safaricom numbers active while using Kwetu eSIM for data abroad.  Read more