Kenya Airways has been a strategic tool that has helped Kenya and will continue for years to come. Leaders from across the divide have been questioning why the national carrier Kenya Airways constantly gets government bailouts. Aviation is quite a sophisticated field, and it can sometimes overwhelm the lay reader as it is an industrial […]
Tag: nairobi securities exchange
Flying Kenya Airways out of bumpy financial clouds
As Kenya Airways prepares for another round of state bailouts, we sit down with the national carrier boss and discuss about when he thinks the bailouts will stop and KQ will be ready to stand on its feet. LET US TALK ABOUT THE NEW ROUND OF BAILOUTS WHEN WILL KQ STOP REQUIRING BAILOUT? From 2020, […]
NSE gold fund hits Sh92m trade on flight to safety
Investors purchased gold-backed exchange traded fund (ETF) worth Sh91.7 million on Wednesday as they moved to hedge against volatility in global markets. They shifted 44,200 units of the Absa New Gold ETF at an average price of Sh2,075, realising the highest traded volume and value in a single day on the counter since the units […]
IMF, Moody’s warn Russia-Ukraine conflict will impact economies
•The impact of the conflict was last week felt at the Nairobi Securities Exchange as investors lost Sh93 billion in paper wealth within a day. •An increase in global oil prices will impact consumers in the country, as Kenya remains an importer of refined products. Ukraine tourists arrive in Mombasa for holiday last year/ The […]
Election crystal ball that is splitting investors
Campaign podiums are loud but investors are struggling to understand what kind of policies the political parties and contestants are talking about. Investors are looking into the investment crystal ball. But many are only seeing what they don’t want to see: August general elections. They have been in this game of wait-and-see since Covid-19 struck […]
Pension sector outlook positive despite election uncertainties
Kenya has made progress in instituting policies that crowd-in private sector engagement, particularly within the affordable housing pillar. Kenya’s real Gross Domestic Product (GDP) growth has a history of slackening during election years. During this period, fund managers and individuals put investment decisions on hold pending a return to normalcy in the political scene. The […]
97pc of NSE share trading accounts remain dormant
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Nearly 97 percent of equities accounts used for trading at the Nairobi Securities Exchange (NSE) have been dormant in the past two years, revealing the apathy among retail […]
Overview of stock and forex trading regulations in Kenya
The Kenyan capital market has an estimated 90,000+ registered online traders trading forex and stocks. This is no mean feat as Kenya ranks third in Africa behind Nigeria and South Africa on the list of African countries with the highest number of online traders. Availability of mobile internet all over Kenya, advancement in modern technologies […]
Overlapping regulatory mandates hurting governance reporting
Overlapping regulatory mandates on how companies should report on the environment and corporate governance is making compliance difficult, a global audit firm has said. The environmental, social and governance (ESG) head at KPMG East Africa Edgar Isingoma said regulations from multiple bodies is creating a complex landscape for implementation of guidelines. “There are scattered initiatives […]
Treasury targets Sh50 billion from March bond sale
The National Treasury is seeking to raise Sh50 billion from three bond sales in March, comprising reopening of securities that were first auctioned between 2020 and last year. The government’s fiscal agent, the Central Bank of Kenya, on Thursday opened the sale of a five-year, 15-year and 25-year bond and the period of sale closes […]