Top bank owners booked billions of shillings in capital gains at the Nairobi Securities Exchange (NSE) in the past one year, defying the difficult operating environment that has been subdued by the coming into force of a law capping interest rates and the politics-driven slowdown of the economy. Latest NSE data shows that the market […]
The benchmark for local index closed 132.13 points on Friday lower than 133.53 recorded on February 16. The All Share Index was also down at 133.02 compared to 133.21 points, according to the Rwanda Stock Exchange (RSE) market report. The decline can be attributable to drop in Bank of Kigali share price that closed at […]
It said the lower rating resulted from the downgrade of the issuer rating of the Kenyan government given earlier this week. KCB Group said its rating had been affected by the sovereign downgrade but added that an upgrade would have a similar effect on the bank. Moody’s said that an erosion of financial metrics and […]
Equity turnover at the Nairobi Securities Exchange (NSE) declined 51 percent on Thursday in a session dominated by local investors as foreigners kept off. Turnover stood at 3.6 million U.S. dollars on a volume of 11 million shares, down from 7.6 million dollars on 31 million shares on Wednesday. Local investors’ participation stood at 65 […]
Rwanda Stock Exchange (RSE) recorded a total turnover of over Rwf11.7 million from 123,200 shares traded in six deals during yesterday’s trading session. The bond market was quiet. According to the RSE daily market report for Monday, Bank of Kigali counter realised Rwf290,000 in turnover from 1,000 shares traded in one deal at Rwf290. This […]
Finally another Rwanda commercial bank- I&M Bank, today listed its shares at Rwanda stock exchange with an opening price of Frw 100 and closed with an increase at a closing price of Frw 105. I&M Bank indicated its intension to join the local bourse in 2016. The bank will become the third on the stock […]
IPSL Chief Executive Officer, Jennifer Theuri says they hope to raise the number of banks using Pesalink in the next few weeks So far, 22 commercial banks are part of the network allowing customers to move money across banks through the app. The banks include; I&M Bank Kenya, CBA, First Community Bank, Paramount Bank, Jamii […]
Equity Bank of Kenya Limited Chief Executive Officer James Mwangi (R) and European Investment Bank Vice-President Pim Van Ballekom (L) in Nairobi on 29/03/2017. Equity Bank has signed Kshs 10.5 Billion financing agreement with European Investment Bank to support regional entrepreneurs. European Investment Bank, the long-term lending institution of the European Union, has extended about […]
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.