Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
The Nairobi Securities Exchange ( NSE ) Limited revenue from annual listing fees has dipped to a six-year low, highlighting the impact of delistings and suspensions at the bourse. NSE’s latest report shows the annual listing fee in the year ended December dropped by 6.82 per cent to Sh76.06 million compared to Sh81.62 million earned […]
Loss-making investment firm TransCentury is seeking to delist from the Nairobi Securities Exchange (NSE), saying it needs to meet a precondition for accessing new capital from private equity funds. The proposal to take the company private will be put to a shareholder vote at an extraordinary general meeting to be held via electronic means on […]
Loss-making investment firm TransCentury ( NSE:TCL ) is seeking to delist from the Nairobi Securities Exchange (NSE), saying it needs to meet a precondition for accessing new capital from private equity funds. The proposal to take the company private will be put to a shareholder vote at an extraordinary general meeting to be held via […]
Former Kenya National Chamber of Commerce and Industry (KNCCI) national chairman Kiprono Kittony has been appointed the new chairman of the Nairobi Securities Exchange (NSE). Mr Kittony replaces Samuel Kimani who resigned on July 13 after serving as the chairman of the NSE board since 2012. “After a thorough process, the board of directors has […]
Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | SALATON NJAU | NMG The Nairobi Securities Exchange (NSE) Limited revenue from annual listing fees has dipped to a six-year low, highlighting the impact of delistings and suspensions at the bourse. NSE’s latest report shows the annual listing fee in the year ended December dropped by 6.82 […]
Former Kenya National Chamber of Commerce and Industry (KNCCI) national chairman Kiprono Kittony has been appointed the new chairman of the Nairobi Securities Exchange (NSE). Mr Kittony replaces Samuel Kimani who resigned on July 13 after serving as the chairman of the NSE board since 2012. “After a thorough process, the board of directors has […]
•Most filling stations in Nairobi are selling between 3,000 and 6,000 litres a day. •Retail pump outlets and road transport account for 72 per cent of petroleum fuels sales. A petrol station attendant fuels a car in Nairobi’s CBD. FILE Sales volumes of petroleum products is on the drop despite a steep fall in pump […]
Mr Andre DeSimone, former CEO of Kestrel Capital. FILE PHOTO | NMG The Capital Markets Authority (CMA) wants an appeal filed by former head of one of Kenya’s biggest stockbrokers to overturn his punishment over the KenolKobil insider trading case dismissed. The regulator wants the appeal by Andre DeSimone, who left his position as chief […]
Pedestrians walk past a Kobil service station with the prices display of petrol (US $ 0.84 per litre unleaded) and diesel (US $ 0.72 per litre) on a signage in Kenya’s capital Nairobi, February 7, 2016. The global oil price is hovering at about $30 U.S. dollars a barrel. REUTERS/Thomas Mukoya Oil marketers have made […]
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