Market Brief
Daily market recaps with key events, stock movements, and global influences
President William Ruto presided over the destruction of over 6,000 illicit small arms and light weapons at the National Police Leadership Academy in Ngong, Kajiado County, marking the 20th anniversary of the Regional Centre on Small Arms (RECSA). The firearms, recovered between 2022 and 2025, were largely voluntarily surrendered by the public, reflecting growing confidence in the government's peace and security strategy. Ruto emphasized the government's commitment to protecting citizens from rogue police officers, vowing to hold any officers who violate the rule of law accountable. He highlighted the importance of safeguarding Kenyans' lives as enshrined in the Constitution and condemned the use of firearms in criminal activities. The event also underscored the need for a regional approach to disarmament to enhance safety and stability across member states. Additionally, Deputy President Kithure Kindiki condemned the killing of teacher Albert Ojwang and pledged that those responsible will face justice, reiterating that the government does not condone extrajudicial killings. Interior Cabinet Secretary Kipchumba Murkomen and Principal Secretary Dr. Raymond Omollo stressed the importance of sustainable funding for RECSA and the adoption of technology to improve arms control and monitoring. President Ruto announced increased budget provisions to equip police with modern equipment and facilities, including insurance and proper housing, to professionalize the force and eliminate abuse of authority.
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