NAIROBI, Kenya, Jan 29 – The government raised Sh260.05 billion from the primary bond market in the fourth quarter of 2025, according to a report by the Capital Markets Authority (CMA).
CMA Chief Executive Officer Wyckliffe Shamiah said the funds were raised through the reopening of nine Treasury bonds, including one Savings Development Bond (SDB).
The report shows that trading activity in the secondary bond market declined during the period. Turnover fell by Sh49.19 billion to Sh684.01 billion, compared with the previous quarter.
However, on a year-on-year basis, bond market activity improved significantly. Turnover rose by 70.92 per cent to Sh635.02 billion, up from Sh371.52 billion in the same quarter last year.
As of the end of September 2025, the corporate bonds market had outstanding issues valued at Sh70.49 billion. Linzi Asset Backed Securities held the largest share, with outstanding bonds worth Sh44.8 billion.
Trading in exchange-traded corporate bonds also increased. The value traded in the secondary market rose by 89 percent to Sh203.49 million, up from Sh107.85 million in the previous quarter.
The derivatives market recorded strong growth during the quarter. Turnover increased from Sh67 million to Sh149 million, while the number of deals rose by 20.72 percent. The volume of derivatives contracts jumped by 1,241.26 per cent.
Meanwhile, total assets under management by Collective Investment Schemes (CIS) reached Sh679.6 billion by the end of September 2025, representing a 14 per cent increase.
