Proparco, a French Development Finance Institution, has granted $100m loan to Equity Group Holdings, which will allow the Kenyan bank to grow and continue its support to the private sector. The announcement will further support Equity Group’s dedication to remaining Kenya’s leader in MSME’s financing and its ambition to better support underserved segments, in particular […]
Tag: XNAI_EQTY
Kenya’s most savvy investors
Dr. James Mwangi, Equity Group CEO addresses shareholders at Equity Group’s 16th Annual General Meeting in Nairobi . [Wilberforce Okwiri] Forget reinventing the wheel. If you want to make money at the stock exchange, then follow these 12 savviest investors whose collective investment in the top 20 listed companies is valued at Sh25.6 billion. They […]
Top five listed companies hold 75pc of NSE wealth
Preference for the five biggest stocks traded at the Nairobi Securities Exchange #ticker:NSE (NSE) has climbed to a 12-year-high, new data has revealed, an indication of growing appetite by investors placing their hopes on only a limited number of counters. On the flip side, the trend also shows that investors are concentrating their risk. Statistics […]
NSE lags African peers on pandemic impact
Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The Nairobi Securities Exchange (NSE) lags regional peers in local currency returns this year, even as the majority of African bourses remain in the red after foreign investor flight to safety on the outbreak of Covid-19. Analysis on performance of a select number of African stock […]
NSE defies virus to gain Sh123bn in past month
Investors at the Nairobi Securities Exchange (NSE) have gained Sh123.4 billion over the past month, riding on increased demand for Safaricom and bank shares by high-net-worth individuals that has cut the coronavirus-driven losses. The Nairobi bourse notched up healthy gains in recent days as investors sought to buy stocks at a bargain, hoping for outsized […]
Foreign investors pull Sh11 billion from NSE
Foreign investors withdrew Sh11.2 billion from the Nairobi Securities Exchange #ticker:NSE (NSE) in February and March, leading to a sharp fall in the value of blue chip stocks like Safaricom and Equity Bank Group. The foreigners, who make up about 70 percent of daily trading at the NSE, turned into net sellers in the two […]
Foreign investors troop back to NSE
NSE Chief Executive Geoffrey Odundo. [File] Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday’s turnover increasing by a record 538 per cent on the back of improved investor confidence. A statement from the NSE showed that shares worth Sh3.76 billion were moved compared to Sh550 million that was recorded in the […]
Equity Group half-year profit falls by 24pc from higher costs to cover loan defaults
Equity Bank Group MD Dr. James Mwangi during distribution of PPEs to the Mathari National Teaching & Referral Hospital on August 14, 2020. PHOTO | COURTESY Equity Group Holdings PLC (EGH) has announced its half year results for the period ended June 30, 2020 reflecting a 24% decline in profitability. Profit declined from Ksh.12.0 billion […]
Foreign investor holdings fall at NSE on selling spree
Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The volume of shares held by foreign investors at the Nairobi Securities Exchange (NSE) has dropped in the past one year following sustained selling by the investors in a bear market. Data from the Capital Markets Authority (CMA) shows that foreign investors held 18 percent of […]
Equity Bank will now only call customers using the number 0763-000000
Equity Bank Kenya has announced that it has set up a universal number that its employees will use to contact its customers and other stakeholders. The universal number that Equity Bank will now use for all outbound communication is 0763 000 000 under Equitel’s main prefix 0763. This measure is aimed at promoting safety measures […]