Medium term to long-term government bonds offered investors the highest returns this year out of the main asset classes in a period the economy started recovering from the ravages of Covid-19. The debt securities auctioned this year had fixed interest rates of between 9.49 percent and 13.44 percent, giving investors guaranteed income over their holding […]
A trader at Nairobi Securities Exchange trading floor at the Exchange Building in Nairobi. FILE PHOTO | COURTESY Nairobi Securities Exchange (NSE) Plc has reduced transaction fees by five percent for equity investors who adopt the same-day trading model. The bourse is gearing up for the implementation of a Day-Trading model in equity transactions in […]
James Mworia, CEO of the Centum Investment Company Plc, said the deal will save on interest payments on the portion of debt that has been replaced/FILE NAIROBI, Kenya, Dec 20 – The Two Rivers Lifestyle Center, the holding company of the Two Rivers Mall, has reached a deal to replace a Sh4.5 billion loan with […]
Tava Madzinga has been appointed as the new CEO of Santam, and will succeed Lize Lambrechts in the position from 1 July. Madzinga joins Santam from Britam Holdings, a diversified investment business listed on the Nairobi Securities Exchange, where he was the group managing director. A qualified actuary, he worked at Old Mutual for 16 […]
Over a round of golf one afternoon in 1995, four entrepreneurs began discussing how to pool resources to pursue business opportunities. A tide of change was sweeping the country with the introduction of multi-party politics and a new regime, and an optimistic millennium was on the horizon. Their target was to raise Sh50 million. But […]
Talk of company board members in Kenya, and the image that comes to mind is of grey-haired individuals, most likely male. While the average age of CEOs and boards directors has come down over the years, representation of the younger people is still low considering Kenya’s demographic balance. A board diversity report published by Nairobi […]
We are at the tail end of 2021. It has been a challenging year. Countries and their citizens trying to adapt to live with Covid pandemic which continues to surge despite the good traction on vaccinations in many countries. On top of coronavirus, climate change presents another dire challenge that requires massive mobilisation from the […]
The Nairobi Securities Exchange (NSE) #ticker:NSE has joined the Sustainable Stock Exchange (SSE)’s derivatives exchanges network, looking to promote sustainable development through its derivatives market. The UN-backed voluntary commitment promotes long-term sustainable investment and improved environmental, social and corporate governance disclosure and performance among its issuers. “The NSE made a commitment to support a sustainable […]
The Treasury will offer Kenya Airways #ticker:KQ a further Sh146.9 billion bailout amid delayed recovery from a travel slump following Covid-19 in financial support that will see the State drop the plan to nationalise the airline. Treasury Secretary Ukur Yatani has said the government will take over Sh93.4 billion of national carrier Kenya Airways’ debt […]
Karachi: HBL partners with Diamond Trust Bank (DTB) and launches the China Coverage Department to serve Chinese enterprises operating in the East African Market. HBL, the largest Bank in Pakistan and China is HBL’s second home market. It is the only Pakistani bank to have branches in China and only one of the three banks […]
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