•The low activities especially in the stocks market are not just in Kenya. •NSE chief executive Geoffrey Odundo urged some of companies that have been orienting with the bourse under Ibuka programme to take advantage of the incentives provided. NSE chief executive Geoffrey Odundo The ongoing volatility in the global market has further complicated the […]
Tag: nairobi securities exchange
Murang’a residents grow stake in Kakuzi to 1.11pc
Individuals living around Kakuzi #ticker:KUKZ raised their stake in the agricultural firm to a new high of 1.11 percent in the year ended December. Through Kakuzi Neighbourhoods Development Foundation, they increased their ownership to 216,598 shares that have a current market value of Sh91.9 million. The foundation is backed by former Kakuzi squatter John Kibunga […]
Judge nullifies firing of Ciano as Uchumi CEO
A court has awarded former Uchumi Supermarket #ticker:UCHM CEO Jonathan Ciano Sh6.5 million for leave days, gratuity and unused leave days, terming his sacking seven years ago invalid. Mr Ciano was sacked in June 2015 on allegations of gross misconduct and negligence that left the listed retailer owing suppliers Sh1 billion. He sought Sh47.4 million […]
Sameer profit up five times to Sh217m
Sameer Africa’s #ticker:SMER net profit jumped five times to Sh217.3 million in the year to December helped by cost controls. The company had posted a net profit of Sh43.3 million in 2020. Sameer said lower costs boosted margins significantly even as sales fell 13.98 percent or by Sh105.8 million to Sh651.6 million in the period. […]
Kenya: NSE Sheds Sh117 Billion on Russia-Ukraine War, Election Jitters – Capital Markets Authority
Nairobi — The Russian invasion on Ukraine coupled with the upcoming election jitters saw the Nairobi Securities Exchange shed off Sh117billion in the first quarter of 2022 as investors sought safer investments, a new report by the Capital Markets Authority shows. The Capital Markets Authority(CMA) Quarter Four Soundness Report released Monday shows that investor net […]
Financial markets played a major role in economic boom
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, 2015.[Riccardo Gangale/Bloomberg] For investors, Mwai Kibaki’s transformative ideas in the capital markets between 2002 and 2013 will surely outlive him. President Kibak i was many things to different people, but an admirable economist to […]
Kenya: NSE Mourns Kibaki Noting His Substantial Support to the Exchange
Nairobi — The Nairobi Securities Exchange(NSE) has sent its heartfelt condolences to the friends and family of Mwai Kibaki, who served as Kenya’s third president from December 2002 to April 2013. The NSE Board Chair Kiprono Kittony noted that Kibaki’s contributions as Minister of Finance, Vice President and thereafter President, saw the steady growth of […]
NSE lost Sh176 billion in Q1 on investor flight
The upward review of the federal rate in the US and the ongoing rift between Russia and Ukraine dealt a blow to trading at the Nairobi Securities Exchange (NSE) in the first three months of the year. According to the Capital Markets Soundness Report for a period between January and March, market capitalisation at the […]
NSE sheds Sh117bn on Russia-Ukraine war, election jitters – CMA
NAIROBI, Kenya April 25-The Russian invasion on Ukraine coupled with the upcoming election jitters saw the Nairobi Securities Exchange shed off Sh117billion in the first quarter of 2022 as investors sought safer investments, a new report by the Capital markets Authority shows. The Capital Markets Authority(CMA) Quarter Four Soundness Report released Monday shows that investor […]
CMA eyes acquisitions to unlock IPO drought at Nairobi bourse
CMA Chief Executive Wycliffe Shamiah. [File, Standard] The Capital Markets Authority (CMA) is set to licence Special Purpose Acquisition Companies (SPACs) to unlock a decade-long drought of public offerings at the Nairobi bourse. CMA Chief Executive Wycliffe Shamiah said in Nairobi yesterday the regulator is reviewing regulations on public offers, listing and disclosures as well […]