New Filings Reveal Top Investors in Ksh44 Billion Talanta Stadium Bond

Hello and welcome to the Money News Roundup Newsletter. Today, we break down new regulatory disclosures revealing the biggest investors in the Talanta Stadium Bond. We also look at new KRA eTIMS directives for suppliers to government institutions.

NSSF, Civil Servants’ Pension Fund Bought Majority of Talanta Bond - Filings Show

NSSF and the Public Service Superannuation Fund (PSSF) purchased more than half of the Ksh44.7 billion Talanta Bond used to finance the construction of the 60,000-seat Talanta Stadium.

Regulatory filings show PSSF invested Ksh16.29 billion while NSSF put in Ksh7.9 billion, giving the two state-backed funds a combined Ksh24.19 billion stake, equivalent to 54% of the bond.

The other investors were County Pension Fund (Ksh1.98 billion), CPF Individual Pension Scheme (Ksh790.5 million) and the Local Authorities Pension Trust (Ksh197.7 million). 

The 15-year bond offers a 15.04% semi-annual return backed by the Sports Fund, which is financed through taxes on betting and gambling firms.

The bond achieved a 100.2% subscription rate, raising funds for the stadium and related sports facilities ahead of the 2027 Africa Cup of Nations. 

Govt Suppliers Face Stricter Invoice Rules After KRA Integrates eTIMS With IFMIS

Businesses supplying goods and services to the government will now be required to generate valid eTIMS invoices before submitting payment claims through the Integrated Financial Management Information System (IFMIS) following a new integration by the Kenya Revenue Authority (KRA).

As reported by Capital Business, under the system, invoice details recorded in eTIMS must match exactly with those submitted to government entities through IFMIS. 

KRA said the integration will enable automatic validation of invoices, improve transparency and strengthen accountability in government transactions.

The change adds a new compliance layer for suppliers, with inaccurate or unmatched invoices likely to face payment processing delays.

Inflation Hits 6.6% Driven by Spike in Food Prices

The prices of food increased by 9.0% in August as compared to the same month last year . The inflation from 6.5% to 6.6% in July.

Ad reported by the Business Daily, food was the biggest source of pressure on inflation in August, contributing 2.9% points to the overall increase.

Food also takes up 32.9% of household spending, meaning the increase is being felt in a significant part of family budgets.

Food production decreased due to inadequate rainfall last year this led to increase in food prices. The overall inflation has remained above 5% for 5 consecutive months, after averaging at 4.3 % in the first 3 months of the year.

Faida Profit Jumps 1,533% to Ksh800 Million After KPC IPO Deal

Faida Investment Bank posted a 1,533% jump in profit after tax to Ksh800.5 million in the first half of 2026, boosted by its role as lead transaction adviser in the Ksh106.3 billion Kenya Pipeline IPO.

As reported by the Kenyan Wall Street, total income surged 930% to Ksh2.69 billion, driven by advisory and consultancy fees that rose to Ksh1.98 billion from Ksh15.2 million a year earlier.

Management fees increased 433% to Ksh454.5 million, while brokerage commissions grew 51.6% to Ksh229.1 million. Total assets rose 156% to Ksh2.09 billion, with shareholders’ funds reaching Ksh1.47 billion.

Standard Investment Bank Profit Jumps 1,127% to Ksh1.1 Billion in H1 2026

Standard Investment Bank (SIB) posted a sharp rise in profitability in the first six months of 2026, with profit after tax surging 1,127% to Ksh1.1 billion.

The investment bank's growth was driven by strong expansion in assets under management (AUM) across its MansaX investment products. MansaX Special assets grew 156% to Ksh165 billion, while MansaX Sharia expanded 133% to Ksh3.6 billion.

Dollar-denominated funds also recorded strong growth, with MansaX Special ($) doubling to $159 million and MansaX Sharia ($) rising 48% to $4.7 million.

Brokerage commissions increased 34% to Ksh206 million during the period.

Overall, SIB's total MansaX assets under management rose 147% to Ksh190 billion, highlighting growing investor demand for its investment products and wealth management services. Read more

Also in the News

• Aviation workers under the Kenya Aviation Workers' Union (KAWU) have called off their strike after signing a return-to-work agreement with the government. The deal includes immediate CBA negotiations with KCAA, paving the way for the resumption of normal operations at airports that had faced disruptions since Sunday. Read more 
• Ziidi Money Market Fund (MMF) grew its total assets by 90.2% year-on-year to Ksh20.33 billion in the first half of 2026, driven by strong growth in deposits and investment income. Surplus attributable to unit holders rose 149% to Ksh679.95 million as total investment income increased 159.1% to Ksh918.29 million. The growth was largely supported by a 458.5% rise in income from call deposits to Ksh412.96 million, alongside gains from fixed deposits and government securities. Unit-holder balances increased 90.8% to Ksh20.21 billion. Ziidi MMF is managed by Standard Investment Bank and ALA Capital. Read more
• The Central Bank of Kenya has approved Nedbank Group’s acquisition of up to 66% of NCBA Group, paving the way for completion of the deal. The transaction follows shareholder approval and will see NCBA become a Nedbank subsidiary while retaining its Nairobi Securities Exchange listing. Read more
• NTSA has summoned nine Public Service Vehicle (PSV) operators over what it described as serious safety concerns. The affected firms have been directed to appear before NTSA on September 8, 2026. The operators summoned are Etams Classic Limited, Eastern Link Travellers Company Limited, Manchester Travellers Coach Limited, Lake Naivasha Maii-Mahiu Line Service Limited, Sabaki Travellers Saving and Credit Co-operative Society Limited, Lumasa County Sacco, Bluemarks Shuttles Sacco Limited and Nyamira Luxury Express Company Limited.Read more 

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Soila Maya was a contributor in this newsletter.

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