Dutch crime reporter De Vries dies after being shot in Amsterdam NAIROBI, July 13 (Xinhua) — The introduction of real estate investment trusts (REITs) in Kenya has enabled local and foreign property owners and developers to address finance constraints, Geoffrey Odundo, the chief executive of Nairobi Securities Exchange said. He noted in a statement on […]
Kenya Electricity Generating Co, Africa’s largest geothermal producer, joined a United Nations-backed emissions-reduction programme as it looks to begin a domestic carbon market. KenGen, as the State-run company is known, announced its participation in the Business Ambition for 1.5 °C programme on Wednesday. Under the project, the company commits to emission-reduction targets through investments in […]
The number of super-rich Kenyans shot up to 27,473 last year even as the Covid-19 pandemic widened the chasm between the rich and the poor, a new wealth report shows. The report by the Swiss-based financial conglomerate Credit Suisse shows that the percentage of adult Kenyans with over $1 million (Sh108 million) increased to 0.1 […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Manufacturer Crown Paints has listed 71.2 million shares on the Nairobi Securities Exchange (NSE) following the conclusion of its rights issue. The shares floated on the bourse on Thursday after the company after the allotment of the shares to shareholder accounts a day […]
Kenya Airways Boeing 787-8 Also on ch-aviation Kenya Airways (KQ, Nairobi Jomo Kenyatta ) expects to save USD45 million this year after changing the lease terms of its aircraft fleet, opting for hourly rates over fixed costs, says Managing Director Allan Kilavuka. He said the carrier had negotiated a productivity-based payment method with its lessors […]
News > Asset Servicing Word count: 472 EFG Hermes Kenya has launched an online equity-trading platform, EFG Hermes One, which will see the Firm offer retail investors seamless and convenient stock trading on the Nairobi Securities Exchange (NSE). EFG Hermes Kenya has launched an online equity-trading platform, EFG Hermes One, which will see the Firm […]
NSE PLC Chief Executive Officer Geoffrey Odundo during a past fucntion. PHOTO / FILE Day trading refers to the practice of purchasing and selling a security within a single day/trading session and features commonly on currency and stock exchanges. The roll out of day trading will be a welcome call to local investors who have […]
Local investors have bought additional Sh10.99 billion KCB stake since Covid-19 struck last March, tightening their grip on Kenya’s largest lender in the wake of foreign investor exits. Latest regulatory filings show that local individual and institutional investors such as pension funds have added 245.742 million shares or 7.65 percent stake between March last year […]
Ethiopian Airlines Bombardier DHC-8-Q400 © Bombardier The Somaliland government has lifted its suspension of Emirati low-cost carrier flydubai (FZ, Dubai Int’l ) following a bilateral agreement between their respective civil aviation authorities. This was disclosed at a news conference recently by Somaliland Civil Aviation and Airports Authority (SCAAA) director Omar-Sayid Qalombi, reported the Som Tribune […]
Kenya Power MD Bernard Ngugi exchanges notes with NYS Director General Matilda Waswa. The firm and NYS have partnered in the digitisation of the country’s electricity network and systems/HANDOUT Kenya Power has partnered with the National Youth Service (NYS) to fast-track the Facilities Database (FDB) digital platform data clean-up. This facilitates the digitisation of its […]
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