Interior Cabinet Secretary Fred Matiangi in Kisii, 2021. [Sammy Omingo, Standard] The government has classified M-Pesa and the Nairobi Securities Exchange (NSE) as critical infrastructure to protect crucial systems – both in the private and public sectors from cybercrime. In a gazette notice published last week, the Cabinet Secretary for Interior and Co-ordination of National […]
•Equity CEO Mwangi said the ranking of Equity is a strong validation of their twin-engine business model that has positioned Equity as a social banking brand. •“The commitment to the digitisation of our services continues to drive the Group’s growth in both customer satisfaction and as the leader in Kenya’s global financial sector," he said. […]
Marketing and communication firm WPP Scangroup has appointed Patricia Ithau as the chief executive officer. She takes over from Bharat Thakrar who resigned in March last year to pave the wave for investigations into his alleged misconduct. The Nairobi Securities Exchange-listed firm, however, closed the case against Thakrar and former chief finance officer Satyabrata Das […]
The benchmark composite index close the period at 2,766.80 Despite an uptick in activity, the Ghana Stock Exchange (GSE) saw volume and value of shares traded dip 64.98 percent and 45.09 percent respectively on a year-on-year (YoY) basis in January, according to data from the Accra bourse. This comes as aggressive profit-taking anchored on the […]
There has been a drop in foreign investors at the Nairobi Securities Exchange as more capital shifted abroad. PHOTO | FILE The declaration led to a decrease in foreign investor participation by 13.66 percent, and a subsequent net outflow of $37 million, accounting for 42.16 percent of total net foreign outflows in 2021. In the […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their selling activity in January compared to the previous four months which were characterised by profit-taking on blue chip stocks. NSE […]
Equity Group has been named the fifth strongest banking brand in the world, according to the Brand Finance Banking 500 2022 annual report. The Group is the only new entrant among the top ten leading banking brands and has entered the arena with a Brand Strength Index (BSI) of 90.8 compared to the strongest banking […]
Climate activists at the COP26 last year. PHOTO | AFP East African banks are under pressure from financial regulators to integrate environmental, social and governance (ESG) issues in their operations. At a virtual seminar convened by audit firm KPMG, participants agreed ESG is swiftly shifting from a moral responsibility to a mandatory legal requirement. “ESG […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG The Capital Markets Authority (CMA) has been allowed to investigate audit firm Ernst & Young (E&Y) over claims that it helped cook Uchumi Supermarkets’ books, covering up transactions that left the retailer on its death bed. The Court of Appeal ruled that the regulator was free […]
The decline of big names such as Uchumi, Kenya Airways, East African Cables, East African Portland Cement and Mumias Sugar was the first sign of struggle in corporate Kenya. [File, Standard] An increase in the number of financially crippled corporates is the new headache for banks, with some lenders in court battles to recover billions […]
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.