Spot Bitcoin ETFs recorded $172 million in net inflows in July 2026, reversing two straight months of heavy redemptions. They posted net outflows of $2.43 billion in May and a record $4.51 billion in June, for nearly $7 billion combined, while assets under management fell from above $58 billion to $51 billion. Despite the return to net inflows in July, overall flow momentum remained weak. The piece frames the discussion as a “Bitcoin vs. Ethereum ETF” comparison but does not provide Ethereum spot ETF flow figures.

Microsoft shares surged 15.51% after its fiscal Q4 results, driven by Azure revenue growth of 43% year over year that topped expectations. The company said full-year cloud revenue reached $2140 billion, up 27%, and Azure’s annual revenue surpassed $1000 billion. Microsoft also posted Q4 capital expenditures of $410 billion, while operating cash flow rose 30% to $554 billion and free cash flow came in at $196 billion. The figures underscored how its AI infrastructure spending is translating into monetization and investor confidence.

BAT Kenya is facing a constitutional petition seeking Sh4.5 billion over allegations it unlawfully promoted VELO nicotine pouches in breach of tobacco control laws. The case asks the court to award Sh1.5 billion to a public health fund and Sh3 billion in punitive damages, and to order a recall. It also seeks interim orders to stop VELO promotions and requires BAT to deposit Sh500 million as security, plus Sh10 million as security for costs.

Finance adviser Khurram Shehzad said private-sector credit grew 14.8% year on year in FY26 to Rs 11.38 trillion, marking the strongest expansion in four years. Corporate borrowing rose by Rs 1.18 trillion, accounting for more than 80% of the overall increase. Manufacturing, wholesale and retail trade, and agriculture made up 89% of the additional business credit, with manufacturing alone adding Rs 657 billion. The figures point to firm domestic demand for real-economy financing, according to Shehzad.

The Central Bank of Kenya has reopened a 10-year bond first sold in November 2019 at 12.28% annual interest, with 3.2 years left to maturity, aiming to raise Sh150 billion. The offer is designed to help refinance Sh195.7 billion of 91-day Treasury bills maturing over the next three months, including Sh15 billion due on September 7. The move is also intended to support the government’s Sh987.4 billion domestic borrowing target for the 2026/2027 financial year. The issuance is set to affect duration in the local-currency bond market and the shape of the yield curve.

Kenyan retail investors bought an additional 9.72 million KCB Group shares worth Sh836.3 million in the three months to June 2026, lifting their stake to 24.73%. Over the same period, local institutions and foreign investors reduced their holdings as the bank’s share price rallied. KCB reported a 10.7% rise in net profit to Sh17.8 billion for the first quarter ended March 2026.

Kenya’s Auditor-General Nancy Gathungu and Controller of Budget Margaret Nyakang’o say the government incurred Sh7.7 billion in commitment charges over five years on loans that were drawn but left unused, raising concerns about the prudent use of public funds. They say the fees were paid to international lenders to keep funds available even as ministries failed to utilise them. The Controller of Budget also reports that in the first six months of fiscal year 2025/26 the Treasury bought back part of a $1 billion bond issued in 2018 and due 2028, spending Sh86.2 billion to repurchase Sh82.3 billion in face value. She says the transaction added about ShSh3.86 billion in extra costs, including premium and accrued interest.

National Transmission Corp. (TransCo) has asked the Energy Regulatory Commission (ERC) to approve a higher feed-in tariff allowance (FIT-All) rate for 2027, proposing an increase to P0.2154 per kilowatthour from the current P0.2011. The uniform charge is collected from on-grid electricity consumers to cover the gap between fixed feed-in tariff payments to eligible renewable energy developers and spot market prices, as well as a working-capital buffer. TransCo said the FIT-All Fund’s estimated annual revenue requirement for 2027 is P25.12 billion, with 87.29% allocated to the tariff differential and 12.61% to working capital.