The Securities and Exchange Commission (SEC), has leveraged further investors’ confidence and mitigation of losses on the nation’s bourse with the inauguration of a National Investors Protection Fund (NIPF). The quasi investors’ insurance scheme worth, N5 billion, would serve as a buffer for compensating investors for pecuniary losses, liquidation, insolvency, bankruptcy or negligence of non-broker/dealer […]
Tag: stock
Tanzania: DSE slows down for Xmas
The week-on-week turnover at the Dar es Salaam Stock Exchange (DSE) dropped by 67 per cent last week as investors shift their attention to the festive season. The turnover dropped to Sh12.7 billion during the week ending December 18, 2015 compared with Sh38.91 billion that was registered during the week ending December 11, 2015, market […]
Rwanda: Bralirwa approve unchanged Dividends despite drop in profits
Shareholders of Rwanda Stock Exchange-listed beverages manufacturer, Bralirwa, have approved a Rwf7.5 dividend payout per share for 2014, unchanged compared to 2013, a statement from the firm indicates. The dividend is same as what. The shareholders okayed the payout during the annual general meeting on May 27 in Kigali. This will translate into a Rwf7.7 […]
Nigeria: Skye Bank’s acquisition of Mainstreet Bank successful with profits rising to $30m over 3 months
Skye Bank’s acquisition of Mainstreet Bank is beginning to yield appreciable results as the consolidated result for the first quarter ending March 31, 2015 submitted to the Nigerian Stock Exchange (NSE) shows a significant rise in earnings and profits, thus justifying management’s strategic decision of an acquisition that had led to a bigger bank. The […]
