Investors’ wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the last one month on the back of a rally of Safaricom and Equity Bank stocks. NSE data shows the market recorded the third straight day of gaining to close yesterday valued at Sh2.785 trillion. Market capitalisation […]
The Covid-19 pandemic that crippled the markets and devastated economies for the better part of last year barely touched the perks of Kenya’s top executives. A compilation of data from the country’s 17 most valuable companies by Financial Standard shows that the CEOs collectively pocketed Sh1.84 billion in perks last year even as the pandemic […]
Mumias sugar company. FILE PHOTO | NMG Mumias Sugar Company is seeking fresh bids for firms to lease the miller after the collapse of deal with tycoon Narendra Raval to revive the firm. In a public notice Monday, Mumias receiver manager PVR Rao called for bidders to invest in any of its nucleus estate, sugar […]
Nairobi Securities Exchange(NSE) listed Kapchorua Tea Kenya Plc as the week’s top gainer when trading ended on 16th July 2021. Kapchorua added 25.6% in investor wealth to close the week at KSh 98.00. The worst performer during the week was Crown Paints Kenya Plc, its shares at KSh 20.25 per share on Friday, a 23.00% […]
Dar es Salaam — Shareholders in some large banks will be keeping their fingers crossed in anticipation that their dividends will increase further if the lenders’ second quarter performance is maintained. Recently released financial statements show that a number of large banks reported improvements in profits and a further reduction in non-performing loans (NPLs) as […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The share of traded turnover attributed to foreign investors at the Nairobi Securities Exchange (NSE) fell to a three-year low in June, reflecting growing confidence in the market among local investors. Data from the Capital markets Authority (CMA) shows that foreign investors […]
Kenya’s biggest banks are the key to further gains for the benchmark Nairobi stock index this year as investors bet on the nation’s recovery from the pandemic, according to EFG Hermes Kenya. The Nairobi All Share Index has gained 16% in 2021 to the highest in more than three years. Expectations that the central bank […]
KMRC chief executive Johnstone Oltetia. PHOTO | DIANA NGILA | NMG The State-backed mortgage refinancing firm will triple affordable home loans to Sh7 billion in the year started July, offering a boost to workers push for house ownership. The funds will be offered to banks and savings and credit cooperative society (saccos) this fiscal year, […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG The share of traded turnover attributed to foreign investors at the Nairobi Securities Exchange (NSE) fell to a three-year low in June, reflecting growing confidence in the market among local investors. Data from the Capital markets Authority (CMA) shows that foreign investors […]
Crown Paints, a paint manufacturing company in Kenya, has raised Ksh. 642.7 million from its pre-emptive rights issue. The amount is equivalent to 64.3 million more shares from an initially projected 81 million more shares for a combined Ksh. 809.6 million. The funds will be listed on the Nairobi Securities Exchange (NSE). According to the […]
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.