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 […]
Co-operative Bank’s chief executive Gideon Muriuki. FILE PHOTO | NMG Co-operative Bank’s chief executive, Gideon Muriuki, earned Sh260.3 million in bonus last year, the largest in the banking industry, under the bank’s performance-based reward system for staff. The lender says it rewarded the CEO for protecting shareholder returns while navigating the bank through the Covid-19 […]
Introduction of the derivatives market at the Nairobi Securities Exchange, dubbed "Next" two years ago, transformed the capital markets landscape in Kenya by offering investors an opportunity to diversify their investment portfolios. Next facilitates trading of futures contracts in the Kenyan market. A derivatives contract is an agreement between two or more parties, usually a […]
Introduction of the derivatives market at the Nairobi Securities Exchange, dubbed "Next" two years ago, transformed the capital markets landscape in Kenya by offering investors an opportunity to diversify their investment portfolios. Next facilitates trading of futures contracts in the Kenyan market. A derivatives contract is an agreement between two or more parties, usually a […]
From left: Equity Group head of data governance Patrick Kariuki, Absa Kenya chief data officer Hartnell Ndungi, Data Protection commissioner Immaculate Kassait, KCB head, information risk Wycliffe Momanyi and EY associate director, cybersecurity, privacy and trusted technology, Anthony Muiyuro during the launch of the EY Data Protection and Privacy Report July 22, 2021. PHOTO | […]
The perfect storm is brewing at mining company Athi Stores Ltd as directors fight over Sh2.5 billion allegedly embezzled from the firm, while the taxman seeks his pound of flesh and disgruntled workers demand Sh60 million in terminal benefits. The boardroom wrangles pit two families against each other in what could set the stage for […]
Standard Chartered Bank of Kenya #ticker:SCBK has cut the interest rate on new mortgages and waived legal and valuation fees for customers moving existing facilities from other banks in the latest bid to grow home loans. Borrowers who take up new mortgages in the next three months ending October will enjoy the discounted rate — […]
From left: Equity Group head of data governance Patrick Kariuki, Absa Kenya chief data officer Hartnell Ndungi, Data Protection commissioner Immaculate Kassait, KCB head, information risk Wycliffe Momanyi and EY associate director, cybersecurity, privacy and trusted technology, Anthony Muiyuro during the launch of the EY Data Protection and Privacy Report yesterday. PHOTO | DIANA NGILA […]
The Government of Rwanda has approved the acquisition of Banque Populaire du Rwanda (BPR) by Kenya Commercial Bank (KCB Rwanda), the latter announced on Monday in its latest regulatory filings. BPR is currently owned by London-listed financial services firm, Atlas Mara Limited. According to the Nairobi-based KCB Group, the parent firm of KCB Rwanda, they […]
Nairobi Securities Exchange trading floor. PHOTO | NMG 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 […]
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