The last time the share traded was on July 27, 2017 when 100 shares exchanged hands. [Courtesy] It introduced itself to the public as the pioneer listed company with a focus on attracting Islamic investors into the capital markets. On November 13, 2014, Kurwitu Ventures was listed on the Nairobi Securities Exchange (NSE) with its […]
FILE PHOTO: Geoffrey Odundo, Chief Executive of the Nairobi Securities Exchange, speaks during a Reuters interview at the Nairobi Securities Exchange in Nairobi NAIROBI (Reuters) – Kenyan bourse operator Nairobi Securities Exchange will defend its market share from a new bond-trading rival, its chief executive said on Wednesday. Until now, the NSE has offered the […]
NAIROBI, Kenya Jan 31 – Foreign investor outflows at the Nairobi Securities Exchange (NSE) have continued to increase as new Covid-19 variants saw foreigners exit the Kenyan market in 2021 due to uncertainties. According to the Capital Market soundness report Q4 2021, net foreign equity outflows grew to Sh28.6billion in 2021 compared to Sh10.23billion recorded […]
Kenya Airways and South African Airlines signed a Strategic Partnership Framework in South Africa last November, in a move that will see the two carriers eventually form a Pan-African carrier. PHOTO | FILE | NMG Troubled Kenya Airways says it is fast-tracking negotiations to launch common initiatives with South African Airways (SAA) with which it […]
Guests follow proceedings during the launch of a pension product by an insurance firm in Nairobi. FILE PHOTO | NMG Liberty Kenya Holdings has issued a profit warning for the year ended December 2021, citing the impact of the Covid-19 pandemic. The Nairobi Securities Exchange-listed firm said its profit for the year is likely to […]
The National Social Security Fund (NSSF) leveraged its four percent stake in HF Group to get a board seat for its managing trustee Anthony Omerikwa, according to sources familiar with the matter. Dr Omerikwa recently joined the board of the Nairobi Securities Exchange #ticker:NSE -listed firm as a non-executive director. His appointment comes as insurance […]
Airtel Uganda is racing against time to list 20 percent of its shares on the Uganda Securities Exchange (USE) before a June 30 deadline, even as players wonder if the market is ready for another initial public offering so soon after MTN Uganda suffered an under-subscription late last year. PHOTO | COURTESY Airtel Uganda is […]
The Capital Markets Authority (CMA) has clarified that listed companies must issue a profit warning beforehand if they expect that their full-year net income will drop by at least 25 percent. The regulator says in a new circular that the notices will be based on the projected earnings after tax, improving on a 2016 directive […]
Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Group has received a licence to operate a life insurance business in Kenya as the company seeks growth and diversification in the financial services industry. The Insurance Regulatory […]
Troubled Kenya Airways #ticker:KQ says it is fast-tracking negotiations to launch common initiatives with South African Airways (SAA) with which it signed a pact last year to establish an African airline by 2023. Kenya Airways chairman Michael Joseph told the Business Daily while the pact is a long-term agreement, both airlines are in talks to […]
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