Mary MM/Shutterstock.com For over 16 years African Business has been running an annual ranking of Africa’s 250 Top Companies, taking the top listed companies from national and regional stock exchanges across Africa. In this article we focus on the top 20 companies from East Africa in 2021. East Africa is seen as as a trailblazer […]
Tag: XNAI_NSE
Local investors snap up Sh11b more KCB shares
NSE Market watch board . [Jonah Onyango, Standard] Local investors have bought an additional Sh11.36 billion KCB shares in two years to March 2022, cutting foreigners’ stake to 10.77 per cent. KCB’s regulatory filings show that local individual and institutional investors, including the National Social Security Fund (NSSF) had between March 2020 to last month […]
Stock market drops Sh51bn in three weeks
Investors on the Nairobi Securities Exchange (NSE) #ticker:NSE have seen their paper wealth decline by Sh51 billion since the start of this month as foreign investors continued to flee the market. The market capitalisation opened at Sh2.43 trillion in April and had dropped to Sh2.37 trillion as of Tuesday. Russia’s invasion of Ukraine, profit-taking and […]
Listing dry-spell at NSE persists, both local and foreign
•The low activities especially in the stocks market are not just in Kenya. •NSE chief executive Geoffrey Odundo urged some of companies that have been orienting with the bourse under Ibuka programme to take advantage of the incentives provided. NSE chief executive Geoffrey Odundo The ongoing volatility in the global market has further complicated the […]
Murang’a residents grow stake in Kakuzi to 1.11pc
Individuals living around Kakuzi #ticker:KUKZ raised their stake in the agricultural firm to a new high of 1.11 percent in the year ended December. Through Kakuzi Neighbourhoods Development Foundation, they increased their ownership to 216,598 shares that have a current market value of Sh91.9 million. The foundation is backed by former Kakuzi squatter John Kibunga […]
Sameer profit up five times to Sh217m
Sameer Africa’s #ticker:SMER net profit jumped five times to Sh217.3 million in the year to December helped by cost controls. The company had posted a net profit of Sh43.3 million in 2020. Sameer said lower costs boosted margins significantly even as sales fell 13.98 percent or by Sh105.8 million to Sh651.6 million in the period. […]
Kenya: NSE Sheds Sh117 Billion on Russia-Ukraine War, Election Jitters – Capital Markets Authority
Nairobi — The Russian invasion on Ukraine coupled with the upcoming election jitters saw the Nairobi Securities Exchange shed off Sh117billion in the first quarter of 2022 as investors sought safer investments, a new report by the Capital Markets Authority shows. The Capital Markets Authority(CMA) Quarter Four Soundness Report released Monday shows that investor net […]
Financial markets played a major role in economic boom
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, 2015.[Riccardo Gangale/Bloomberg] For investors, Mwai Kibaki’s transformative ideas in the capital markets between 2002 and 2013 will surely outlive him. President Kibak i was many things to different people, but an admirable economist to […]
Kenya: NSE Mourns Kibaki Noting His Substantial Support to the Exchange
Nairobi — The Nairobi Securities Exchange(NSE) has sent its heartfelt condolences to the friends and family of Mwai Kibaki, who served as Kenya’s third president from December 2002 to April 2013. The NSE Board Chair Kiprono Kittony noted that Kibaki’s contributions as Minister of Finance, Vice President and thereafter President, saw the steady growth of […]
NSE lost Sh176 billion in Q1 on investor flight
The upward review of the federal rate in the US and the ongoing rift between Russia and Ukraine dealt a blow to trading at the Nairobi Securities Exchange (NSE) in the first three months of the year. According to the Capital Markets Soundness Report for a period between January and March, market capitalisation at the […]