Africa AfCFTA, WCO sign MoU to enhance trade in Africa The African Continental Free Trade Area (AfCFTA) Secretariat and the World Customs Organization (WCO) have signed a Memorandum of Understanding (MoU) aimed at operationalising the tariff schedules and ensuring additional free and efficient movement of goods in Africa. The MoU, which was signed in Brussels, […]
At the UK-Africa Investment Conference in January, Vera Songwe, executive secretary of the UN’s Economic Commission for Africa, stated that UK investment to Africa represents only 3% of total FDI, and challenged the UK government and businesses to double this to 6% within the next five years. That same day, the CDC Group announced that […]
Responsible business practices can help companies big and small attract young talent and also new sources of finance to grow and thrive, writes Sanda Ojiambo My experience of working in business in Kenya and now with the UN Global Compact, the world’s largest corporate sustainability initiative, is that sustainability works. It helps train the focus […]
The fall in share prices at the Nairobi Securities Exchange (NSE) #ticker:NSE following a selloff induced by Russia’s invasion of Ukraine has raised the prospects of higher dividend yields for investors who enter the mark under current conditions. The NSE shed Sh108.3 billion in paper wealth between Monday and Friday last week as tensions in […]
Prices of animal and human feed are set to rise further in the coming months as shortages of raw materials continue to bite. Unga Group #ticker:UNGA is the latest to warn of inadequate supplies of a wide range of commodities including maize, wheat, and soybean. Millers are struggling with low supplies of the staple maize, […]
Safaricom-Ethiopia Chief Executive Mr Anwar Soussa. PHOTO | POOL Safaricom is negotiating an infrastructure sharing deal with Ethiopian rival Ethio Telecom as it prepares to launch operations in the country over the next couple of months. Safaricom-Ethiopia Chief Executive Mr Anwar Soussa, said they are currently working with Ethio Telecom and the regulator- Ethiopia’s Communication […]
Image: Aleksandar_Todorovic/stock.adobe.com Kenya’s Nairobi Securities Exchange (NSE) has been journeying to launch its own securities lending and borrowing (SLB) platform, which will allow asset owners and borrowers to use agents to engage in securities lending, with counterparts they cannot trade with bilaterally. In April 2020, the Capital Markets Authority (CMA) announced the admission of the […]
The founders of Ndovu, an online investment platform [File] Last year, Wall Street was rattled by a market craze as retail investors banded together to drive up meme stocks in what came to be seen as a geeks’ revolution against hedge fund billionaires. Overnight, GameStop, a retail chain store selling computer games that had been […]
Disruptions from any military action or sanctions could see oil, bread, and wheat flour prices increase. A major risk event usually sees investors rushing back to bonds and the safest assets in what could hurt the flow of foreign investors to the Nairobi Securities Exchange (NSE). Russian President Vladimir Putin on Monday called an unscheduled […]
Ongoing construction of the Pangani Affordable Housing Programme on January 21, 20222 The first tranche of the Sh10.5 billion unsecured Medium-Term Note (MTN) issued by Kenya Mortgage Refinance Company (KMRC) has been oversubscribed by 480 per cent. The state-owned mortgage financier issued Sh1.4 billion mid-last month but received offers worth Sh8.1 billion. The Capital Markets […]
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