Family Bank has redeemed its five and half years (5 and ½ year) Medium-Term Notes (MTN) worth 2.0188 Billion shillings that were due on 19 th April 2021. On this maturity date, the bondholders have been paid their principal together with the accrued interest of the final six months. The notes included Fixed Rate Notes […]
(Ecofin Agency) – After the bad year 2020 marked by the covid-19 pandemic, 2021 seems to bring fresh air to the Nairobi Securities Exchange. Analysts on the Cytonn Investment, a local investment firm, said the banking sector’s performances are expected to improve in the mid and long terms. The sector’s revenues, which grew by 16.1% […]
Jubilee Holdings has posted 1.74 per cent growth in net profit for last year to Sh4.087 billion, bucking a trend of losses and fall in earnings witnessed in the insurance sector due to Covid-19 disruptions. Consequently, the regional underwriter’s board has proposed a final dividend payout of Sh8 per share amounting to Sh579.78 million payable […]
Online beauty store BeautyClick has announced its intention to list at the Nairobi Securities Exchange (NSE). The firm’s shareholders recently approved the move to raise new equity aimed at the commercialisation of its beauty product offerings, strengthening its e-commerce platform and accelerating growth in Kenya and the region. The approval included a directive to start […]
Africanhair PLC, trading as BeautyClick, a beauty e-commerce company has announced its intention to raise new equity by listing at the Nairobi Securities Exchange. Founded in 2016 by Danish investors, BeautyClick is a pioneering beauty e-commerce company that has grown to be the leading online retailer in Kenya’s beauty industry. The company, incorporated in Kenya, […]
Investors at the Nairobi Securities Exchange (NSE) increased their traded volumes for bonds while equities volumes fell in the first quarter of 2021 in comparison to the corresponding period last year, as they continued to seek safety in fixed income assets in an uncertain economy. NSE data shows that the volume of bonds traded between […]
In Kenya and abroad, the stock market has minted millionaires. It is where Warren Buffet, one of the world’s richest men, made the bulk of his Sh8 trillion net worth. More Kenyans, including “small investors” with as little as Sh10,000, are now trading in the stock market hoping to strike it big. However, there are […]
The Nairobi Securities Exchange (NSE) has disclosed that it has acquired a 4 per cent stake in the Dar es Salaam Stock Exchange citing strategic reasons. “Back in 2017, we took a position in the Dar er Salaam Stock exchange. Dar Es Salaam Stock exchange was doing an IPO. And its always been part of […]
The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Re-imposed restrictions to contain the COVID-19 pandemic have served to reverse gains made by the performance of the stock market. While the Nairobi Securities Exchange (NSE) was tipped to turn the corner in performance this year, the past week has served as a […]
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