News and Analysis
March 6, 2026
Hello and welcome to the Money News Roundup Newsletter, where we cover NTSA's directive to motorists on the payment of instant fines. We also cover how the adviser in the Kenya Pipeline IPO will earn Ksh1 billion.
NTSA has announced that motorists captured violating traffic rules will be required to pay instant fines within seven days or risk having their accounts blocked.
Fines issued through the system can be paid through the branch network of KCB Group.
In a notice dated Monday, March 9, NTSA added that delayed payments will also attract penalties even as affected motorists will be unable to access services offered by the authority.
According to the notice, the Instant Fines Traffic Management System went live on Monday morning and will automatically issue traffic violation notifications via SMS to motorists.
The fully automated system operates without human intervention, aiming to enhance transparency, efficiency, and accountability in traffic enforcement.
Motorists have been urged to comply with traffic regulations and respond promptly to any official notifications.
NTSA has stated that further details and updates on the system will be shared through official government channels to ensure smooth adoption.
Earlier, NTSA has announced that it was installing 1,000 cameras on the highways across the country to aid with the implementation of the system.
President William Ruto has also given NTSA one month to have the instant fine system rolled out.
Also Read: List of 37 Traffic Instant Fines as NTSA Installs Smart Cameras on Roads
Faida Investment Bank is set to earn a Ksh1.16 billion windfall for successfully leading the Kenya Pipeline Company (KPC) IPO to full subscription.
Acting as lead transaction adviser for the Ksh106.3 billion offer, Faida qualifies for a one percent success fee (Ksh1.06 billion) plus 16 percent VAT, after the IPO was oversubscribed to raise Ksh112 billion
The IPO saw mixed participation, with retail investors buying Ksh4.1 billion against an allocation of Ksh21.2 billion, foreigners contributing Ksh32.7 million, and oil marketers Ksh22.9 million of Ksh15.9 billion allocated.
As reported by the Business Daily, Faida also earns Ksh98.6 million as lead adviser and could collect additional placement fees capped at 1.5 percent of the offer, shared among 22 brokers and banks.
Other IPO costs include Ksh70.35 million to Image Registrars, Ksh16.35 million to receiving banks, Ksh31.9 million to legal advisers, and Ksh42.13 million to PR agencies.
The Government of Kenya has introduced a standardised annual fee of Ksh67,189 for all TVET programmes nationwide.
As reported by Eastleigh Voice, the fee, inclusive of assessment charges, will take effect from May 2026 and aims to make skills training more accessible.
Julius Migos Ogamba announced the new structure during the first graduation ceremony of Baringo National Polytechnic since its elevation to national status.
He said the reform followed consultations with TVET stakeholders to improve access and align training with labour market needs.
The government is also strengthening competency-based training, industry partnerships and investments in modern equipment, digital infrastructure and teacher training to improve the quality and relevance of skills development.
As reported by the Star, the Kenya Meteorological Department has warned that the risk of flooding and landslides remains high across Kenya this week, despite expected lighter rainfall.
Saturated soils from last week’s heavy rains mean even small showers can trigger floods, landslides, and contaminate water supplies.
Acting Director Edward Muriuki said areas likely to receive rain include Nairobi, the Western Kenya, Central Kenya, Rift Valley highland and the coastal region.
Recent floods in Nairobi killed at least 23 people, damaged over 70 vehicles, and flooded neighbourhoods including Westlands, Dagoretti, and Embakasi.
Officials urged residents in low-lying and riverine areas to remain vigilant. Public health experts warned floodwaters could spread disease, including cholera and diarrhoea.
Residents in several estates across Nairobi are facing water supply disruptions after heavy rains damaged key distribution pipelines, according to the Nairobi City Water and Sewerage Company.
In a statement on Sunday, the utility said flooding from the swollen Nairobi River washed away critical infrastructure, cutting supply to areas including Buruburu, Kariobangi, Dandora, Eastleigh, Kiambu, Korogocho and Lower Kabete.
As reported by Capital Business, the damaged infrastructure includes the Outering Road pipeline at the river crossing, the Eastleigh–Kiambiu line, the Korogocho–Dandora pipeline and the Brookeside Drive distribution line.
Acting Managing Director Martin Nang’ole said technical teams and specialised equipment have been deployed to restore supply.
The rains have also disrupted power infrastructure belonging to Kenya Power in parts of the city.
Stima DT Sacco reported steady earnings growth in 2025 as assets rose by Ksh8.87 billion to Ksh75.38 billion, placing it just behind Mwalimu National DT Sacco with a Ksh76.3 billion balance sheet.
Profit after tax increased to Ksh2.22 billion from Ksh2.16 billion, supported by strong loan income, investment returns, and rising member deposits. Total income exceeded Ksh10 billion while the loan book grew past Ksh52 billion.
As reported by Kenyan Wall Street, membership surpassed 200,000, driving deposit mobilisation and loan demand. Loans reached Ksh52.5 billion while deposits stood at Ksh52.19 billion.
Investment income rose to Ksh1.96 billion as allocations to government securities increased, even as credit losses rose to Ksh476 million.
A committee appointed by Co-operatives CS Wycliffe Oparanya has recommended a Stabilisation Protection Scheme (SPS) to rescue distressed but viable Saccos and prevent sector-wide confidence crises.
As reported by the Business Daily, the scheme, inspired by Ireland’s model, will provide liquidity support, expert intervention, and facilitate mergers or orderly closures for Saccos that cannot be revived.
Kenya’s Sacco sector, holding over Ksh1 trillion in deposits, currently lacks a legal mechanism to support struggling Saccos.
The SPS, together with a proposed Deposit Guarantee Fund and Central Liquidity Facility, would protect deposits and maintain services to members.
The committee recommends structuring the SPS as a secondary co-operative under Sacco Societies Regulatory Authority (SASRA) oversight, with full legal backing, and aims to implement it by the end of 2026.
Also Read: SACCOs With the Highest Dividends in 2026 [as Announced so Far]
Standard Chartered Bank Kenya has issued a statutory notice to collapsed retailer Nakumatt Investments Limited over unpaid loans linked to Nakumatt Holdings, warning that several properties used as collateral could be sold if the debt remains unpaid.
As reported by the Kenyan Wall Street, the bank said the loans were secured using properties in Nairobi, Nakuru and Mombasa.
Outstanding amounts include Ksh42 million (USD331,872) from an overdraft, Ksh891 million (USD6.99 million) from a term loan, and Ksh967.2 million under an import financing facility.
Nakumatt, once one of East Africa’s largest supermarket chains, collapsed in 2020 after years of mounting debt to banks, landlords and suppliers.
The Communications Authority of Kenya is reviewing the partnership between Airtel Kenya and Elon Musk’s Starlink to offer a direct-to-cell (D2C) service.
The move, if approved, would make Kenya the first country to allow a satellite operator to provide mobile coverage in partnership with a wireless carrier.
Airtel Africa plans to roll out D2C in 14 markets, starting with internet-based texts and calls, and upgrading in 2028 to full voice and SMS services. The CA will assess potential interference with 3G, 4G, and 5G networks.
As reported by the Business Daily, Starlink, Kenya’s ninth-largest ISP, has expanded satellite internet usage, competing with Safaricom, Airtel, Jamii Telecommunications and Zuku, aiming to reduce connectivity costs and expand service to remote areas.
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