Nairobi Securities Exchange seeks sale of State stake in Safaricom, KPA

Nairobi Securities Exchange seeks sale of State stake in Safaricom, KPA

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 […]

Online forex trader EGM Securities joins derivatives market

Online forex trader EGM Securities joins derivatives market

Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom #ticker:SCOM, KCB Group #ticker:KCB, Equity Bank #ticker:EQTY and East African Breweries #ticker:EABL. This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, […]