The market valuation of Nairobi Business Ventures (NBV) has settled at Sh6.7 billion, three months after the completion of its reverse takeover by Delta International FZE, which has introduced new subsidiaries to the entity. Delta International’s takeover has come with an increase in NBV’s issued shares at the Nairobi Securities Exchange (NSE) #ticker:NSE to 1.35 […]
Minority shareholders of Kenya Airways are trapped in the company whose shares have been suspended from trading for another year, with no clear path to how investors will be able to exit the troubled airline. The company’s share price was first banned from trading in July last year as the government, which owns a controlling […]
The Nairobi Securities Exchange (NSE) opened the year on the up in Monday’s trading, largely buoyed by a gain in the Safaricom #ticker:SCOM stock. The telco, which accounted for 57 percent traded turnover at the market Monday, saw its price rise by Sh0.20 to Sh38.15 on the back of high demand by foreign investors. Other […]
Retail and institutional investors have been seeking higher guaranteed returns on the Nairobi Securities Exchange. PHOTO | FILE Both retail and institutional investors have been seeking higher guaranteed returns available from government securities, as earnings from other asset classes such as equities and cash deposits remain low. The government’s large appetite for debt also fuelled […]
Agricultural companies have the worst corporate governance record among listed companies, a new report by the Capital Markets Authority (CMA) has said. The sector with six firms had the least weighted score with a rating of 55.04 percen, shining a spotlight on their compliance with the code of governance principles that sets principles such as […]
The Kenyan banking subsidiary of Equity Group has borrowed a total of $165 million from the International Finance Corporation (IFC) – one of the largest single credit facilities to a local lender. The proposed investment disclosure comes as the global financier also moves to acquire a 6.7 percent stake in the Nairobi Securities Exchange -listed […]
Diversified trading group Car & General #ticker:CGEN is quadrupling its dividend payout to Sh3.2 per share besides proposing a one-for-one bonus share after posting strong results for the year ended September. The company had paid a dividend of Sh0.8 per share for the prior year. The new proposed distribution will be made on March 24 […]
Nairobi — Kakuzi has issued a profit warning anticipating at least a 25 percent drop in net profits for the year ended 31 December 2021. The Nairobi Securities Exchange-listed company has attributed the poor performance to a drop in avocado production and lower global market prices in European markets. "The profit warning arises from trading […]
Nairobi — The Capital Markets Authority (CMA) has issued the Fourth Edition of the Report on the State of Corporate Governance for Issuers of Securities to the Public in Kenya. The report is for the financial year 1 July 2020 to 30 June 2021. The annual publication outlines CMA’s independent assessment of companies listed on […]
Traders at Marikiti market, Nairobi. [Elvis Ogina, Standard] Financial sector players, including banks, Saccos, insurers and digital lenders expect a continued rebound in 2022 pegged on improving economic activities amid persisting Covid-19 infections. Kenya will in March mark two years since the pandemic struck the country. But CEOs and regulators in the financial sector say […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.