Attorney General Paul Kihara Kariuki. PHOTO | JEFF ANGOTE | NMG The State will start making public the names, residential addresses and occupation of secret shareholders in companies that clinch tenders in ministries and parastatals. Attorney-General Kihara Kariuki has unveiled fresh regulations that will compel the Public Procurement Regulatory Authority (PPRA) to reveal information on […]
Tag: nairobi securities exchange
NSE investors lose Sh92bn in paper wealth in a day on Russia-Ukraine conflict
Vladimir Putin. Nairobi Securities Exchange (NSE) investors Thursday lost Sh92.43 billion as prices dived on Russia’s invasion of Ukraine in the middle of trading. Russian President Vladimir Putin Thursday announced a military operation in Ukraine, triggering panic sell-off of stocks by foreign investors to seek shelter in other investment options such as fixed income. Safaricom […]
Safaricom interim dividend jumps 41pc to Sh25.6 billion
Safaricom #ticker:SCOM is set to pay an interim dividend of Sh25.64 billion equivalent to Sh0.64 per share. The dividend will be 42.44 percent higher or Sh7.64 billion more compared to a year earlier when it paid a first-ever interim dividend of Sh18 billion equivalent to Sh0.45 per share. The telco said it will pay the […]
Unga Group issues profit warning on increased cost of raw materials
NAIROBI, Kenya Feb 25-Unga Group PLC has issued a profit warning for the first six months of the year ended December 31 2021 forecasting a 25 per cent dip in profits compared to the prior year. The Nairobi Securities Exchange-listed company said its half-year profit is likely to drop on the back of increased costs […]
NSE sheds Sh92bn in a day as Russia invades Ukraine
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
NSE faces uphill task wooing back and retaining investors
Whenever government-issued infrastructure bonds come up for auction, they spur investor participation owing to their good returns and tax-free nature. Investors at the NSE, however are less active until the Kenya general election takes place in August. PHOTO | FILE The EastAfrican has learnt that NSE’s desertion has also been compounded by shrinking household incomes […]
NSE fall lifts dividend yields ahead of earnings season
The fall in share prices at the Nairobi Securities Exchange (NSE) #ticker:NSE following a selloff induced by Russia’s invasion of Ukraine has raised the prospects of higher dividend yields for investors who enter the mark under current conditions. The NSE shed Sh108.3 billion in paper wealth between Monday and Friday last week as tensions in […]
A platform on the rise
Image: Aleksandar_Todorovic/stock.adobe.com Kenya’s Nairobi Securities Exchange (NSE) has been journeying to launch its own securities lending and borrowing (SLB) platform, which will allow asset owners and borrowers to use agents to engage in securities lending, with counterparts they cannot trade with bilaterally. In April 2020, the Capital Markets Authority (CMA) announced the admission of the […]
Start-up leverages on tech to disrupt securities investment
The founders of Ndovu, an online investment platform [File] Last year, Wall Street was rattled by a market craze as retail investors banded together to drive up meme stocks in what came to be seen as a geeks’ revolution against hedge fund billionaires. Overnight, GameStop, a retail chain store selling computer games that had been […]
Kenyans brace for higher cost of living over Russia-Ukraine conflict
Disruptions from any military action or sanctions could see oil, bread, and wheat flour prices increase. A major risk event usually sees investors rushing back to bonds and the safest assets in what could hurt the flow of foreign investors to the Nairobi Securities Exchange (NSE). Russian President Vladimir Putin on Monday called an unscheduled […]