Kenneth Mbae (in white polo-shirt) Managing Director Centum Real Estate and James Mworia, CEO of Centum Investment (blue polo shirt) during a construction inspection visit of Loft Residences at Two Rivers Development [Courtesy] Few have handled multi-billion transactions before hitting age 35. Mr Kenneth Mbae is among these few. Mr Mbae was recently announced as […]
Investors at the Nairobi Securities Exchange ( NSE ) lost Sh73.2 billion in a week and the value of the bourse sank to one-year low on reduced interest on Safaricom after the telecoms operator paid a multi-billion shilling dividend. The market capitalisation dropped to Sh2.426 trillion on Thursday from Sh2.499 trillion when the bourse opened […]
Insurance group Britam Holdings #ticker:BRIT paid a higher-than-usual tax rate of 92.8 percent in the year ended December after it made provisions for investment losses of Sh5.2 billion. The provisions cannot be used to lower tax obligations, a move that saw the company pay taxes amounting to Sh939.3 million on the pre-tax earnings of Sh1 […]
Screen showing stock prices at the Nairobi Securities Exchange. [Wilberforce Okwiri, Standard] The value of investors’ wealth at the Nairobi Securities Exchange (NSE) today touched 12-month low, majorly pulled down by Safaricom as foreign investors sustained selling. Market data shows investors’ paper wealth has in the last seven days of trading dropped by Sh79.91 billion […]
•It has recorded 41.4 per cent year on year growth in non-interest income to Sh4.2 billion, on the back of increased trade volumes and economic activities. •Its IKOFI Wallet registered over 1,850 agro-dealers and over 263,700 farmers as at the end of the year. An investor looks at the digital board at the Nairobi Stock […]
Kenya’s third Central Bank of Kenya governor Philip Ndegwa died on January 7, 1996, leaving behind multi-billion wealth he had accumulated for over 30 years The former PS who served in the Ministries of Agriculture, Finance and Planning co-founded First Chartered Securities alongside other 20 civil servants in 1974 The Ndegwa family owns an 80% […]
Telecommunication firms Safaricom #ticker:SCOM and Airtel are among the most loved brands by women in Kenya, a new survey shows. The survey by IPSOS, which interviewed 13 million women from across the country, places Safaricom’s M-Pesa at number two indicating how the money transfer platform has become entrenched in the country. The study placed Equity […]
The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa and Equity Group chief executive James Mwangi will pocket Sh1.62 billion in the wake of record banking profits that have delivered outsize shareholder payouts. The Kenyattas lead the pack with a payout of Sh652.5 million from their 13.2 percent stake in NCBA […]
NGX partners MTNN to strenghten retail participation in capital market The Nigerian Exchange Limited and the CFA Society Nigeria are collaborating to host a series of workshops and training aimed at building capacity of market participants and deepening liquidity for derivatives products in the Nigerian capital market (NCM) this week. The first in the series […]
A few days ago, I received a notification requiring me to go update my Central Depository and Settlement Corporation (CDSC )account. This is the account that every shareholder has that stores information on the shares she or he has in companies listed on the Nairobi Securities Exchange #ticker:NSE . The notification was a reminder that […]
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.
We would like to show you notifications for the latest news and updates.