Centum Real Estate Limited’s new managing director Kenneth Mbae. FILE PHOTO | NMG Centum Real Estate Limited has appointed Kenneth Mbae as its new managing director effective 17 March 2022. Mr Mbae, an insider at the investment company Centum, takes over the role from Samuel Kariuki, who "has resigned to pursue other interests" the firm […]
Tag: nairobi securities exchange
Stanchart gifts investors Sh7.2b in dividends as profit hits Sh9b
StanChart Kenya Chief Executive Mr Kariuki Ngari . [Wilberforce Okwiri, Standard] Standard Chartered Bank of Kenya (StanChart) investors will get Sh7.18 billion dividends after the lender raised the payout on the back of five-year high profits. The lender said yesterday the board had proposed a final dividend payout of Sh14 per share to add to […]
Women in finance lobby NFNV picks new leaders for Kenya
NFNV Kenya Board of Trustees chairperson Caroline Armstrong-Ogwapit. FILE PHOTO | NMG Women in finance network organisation New Faces New Voices Trust in Kenya (NFNV) has appointed Caroline Armstrong-Ogwapit as the new chairperson of its Board of Trustees as it seeks to strengthen it banking and public sector ties. Ms Armstrong-Ogwapit boasts 25-year banking with […]
Happy International Women’s Day!!! Top messages from senior female CEOs
NAIROBI, Kenya, March 8 -As the world marks International Women’s Day (IWD) whose theme is Gender equality today for a sustainable tomorrow ,Kenya has not been left behind as it boasts of successful Chief Executive Officers, Managing directors who have steered good leadership in their respective workplaces. Despite the existence of gender gap in various […]
KMRC corporate bond begins trading at Nairobi Securities Exchange
From L-R: NSE Chairman Kiprono Kittony, CMA Chairman Nicholas Nesbitt, National Treasury & Planning Cabinet Secretary Amb.Ukur Yatani, CBK Governor Dr.Patrick Njoroge, KMRC Chairman Haron Sirima and NSE CEO Godfrey Odundo during the listing and bell ringing ceremony to mark the commencement of trading of KMRC’s corporate bond at the NSE floor. NAIROBI, Kenya, March […]
NSE optimistic on bond trade as mortgage firm lists
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ The Nairobi Securities Exchange (NSE) sees a positive outlook for the private bond market in Kenya, urging investors to seize the opportunity to reap dividends. Speaking at the official launch of trade on Kenya Mortgage Refinance Company PLC (KMRC) bond at the bourse, […]
Differences between forex and stock trading in Kenya
6449624 28.01.2021 A trader reflects in a display as he works at home, in Moscow, Russia. Vladimir Pesnya / Sputnik (Photo by Vladimir Pesnya / Sputnik / Sputnik via AFP) NAIROBI, Kenya, March 8 – Many traders or intending participants in the international financial market confuse the forex market and stock market for the same […]
KCB to lend Sh5bn in first big green loan financing
KCB Bank #ticker:KCB will extend Sh5 billion loan facility to an infrastructural sector firm in the country, being the first company to receive the green funds. In 2020, the lender received accreditation from the United Nations Green Climate Fund (GCF) for on-lending to investments and projects with a positive impact on the environment such as […]
Kenya ranked lowest in Africa stock listings
Kenya recorded the worst performance among African countries in terms of initial public offerings (IPO), with its drought of transactions now in its sixth year, according to a new report by business advisory firm PricewaterhouseCoopers (PwC). Besides Kenya, other markets that had zero IPOs in the five years to 2021 included Zimbabwe, Central African Republic, […]
StanChart Bank profit jumps 66pc to Sh9 billion
Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | DIANA NGILA | NMG Standard Chartered Bank Kenya has reported a 66.2 percent jump in net profit the full year to December 2021, helped by reduced costs and growth in non-interest income. The lender recorded Sh9.04 billion in profit after tax, the highest in five […]