From huge profits to junk paper: The fall of Kenya’s corporate bond market

From huge profits to junk paper: The fall of Kenya’s corporate bond market

Capital Markets Authority acting CEO Wycliffe Shamia (R) and Nairobi Stock exchange CEO Geoffrey Odundo during a workshop on Sovereign Green Bond Project at Enashipai Resort in Naivasha in January 2020. Shamia exuded confidence that the performance of the Nairobi Securities Exchange (NSE) will improve this year. After enjoying big rewards, bondholders are now staring […]

From huge profits to junk paper: The fall of Kenya’s corporate bond market

From huge profits to junk paper: The fall of Kenya’s corporate bond market

Capital Markets Authority acting CEO Wycliffe Shamia (R) and Nairobi Stock exchange CEO Geoffrey Odundo during a workshop on Sovereign Green Bond Project at Enashipai Resort in Naivasha in January 2020. Shamia exuded confidence that the performance of the Nairobi Securities Exchange (NSE) will improve this year. After enjoying big rewards, bondholders are now staring […]

Home financing firm seeks to drive affordable housing plan

Home financing firm seeks to drive affordable housing plan

It is estimated that, to address the biting housing shortage over the next five years, Kenya requires a staggering Sh2.3 trillion. Mortgage penetration in Kenya remains low, currently standing at 4.3 per cent of gross domestic product compared to developed nations. Developers are facing two key challenges of runaway land prices, especially in Nairobi and […]