The plan to launch securities lending and borrowing at the Nairobi Securities Exchange (NSE) #ticker:NSE has moved a step closer after the Central Depository and Securities Corporation (CDSC) successfully completed testing the lending platform. The CDSC has been testing the platform on the Regulatory Sandbox run by Capital Markets Authority (CMA), and at the same […]
Same-day trading of shares accounted for only 3.4 percent of total deals at the Nairobi bourse, reflecting investors’ apathy towards buying and selling securities multiple times in a single day Data from the Capital Markets Authority (CMA) indicate that shares worth Sh784 million were traded through day trading between its launch date in November 22 […]
Airtel Uganda is racing against time to list 20 percent of its shares on the Uganda Securities Exchange (USE) before a June 30 deadline, even as players wonder if the market is ready for another initial public offering so soon after MTN Uganda suffered an under-subscription late last year. MTN Uganda’s market value has plunged […]
Gin contributed five per cent of Diageo’s reported net sales in the period between July and December 2021. The Gin revolution in Africa was driven by the prodigious consumption of Gilbey’s in Kenya. This is according to Diageo, a London-based multinational brewer that owns the majority stake in East African Breweries Ltd (EABL), in its […]
The last time the share traded was on July 27, 2017 when 100 shares exchanged hands. [Courtesy] It introduced itself to the public as the pioneer listed company with a focus on attracting Islamic investors into the capital markets. On November 13, 2014, Kurwitu Ventures was listed on the Nairobi Securities Exchange (NSE) with its […]
FILE PHOTO: Geoffrey Odundo, Chief Executive of the Nairobi Securities Exchange, speaks during a Reuters interview at the Nairobi Securities Exchange in Nairobi NAIROBI (Reuters) – Kenyan bourse operator Nairobi Securities Exchange will defend its market share from a new bond-trading rival, its chief executive said on Wednesday. Until now, the NSE has offered the […]
NAIROBI, Kenya Jan 31 – Foreign investor outflows at the Nairobi Securities Exchange (NSE) have continued to increase as new Covid-19 variants saw foreigners exit the Kenyan market in 2021 due to uncertainties. According to the Capital Market soundness report Q4 2021, net foreign equity outflows grew to Sh28.6billion in 2021 compared to Sh10.23billion recorded […]
Kenya Airways and South African Airlines signed a Strategic Partnership Framework in South Africa last November, in a move that will see the two carriers eventually form a Pan-African carrier. PHOTO | FILE | NMG Troubled Kenya Airways says it is fast-tracking negotiations to launch common initiatives with South African Airways (SAA) with which it […]
Guests follow proceedings during the launch of a pension product by an insurance firm in Nairobi. FILE PHOTO | NMG Liberty Kenya Holdings has issued a profit warning for the year ended December 2021, citing the impact of the Covid-19 pandemic. The Nairobi Securities Exchange-listed firm said its profit for the year is likely to […]
The National Social Security Fund (NSSF) leveraged its four percent stake in HF Group to get a board seat for its managing trustee Anthony Omerikwa, according to sources familiar with the matter. Dr Omerikwa recently joined the board of the Nairobi Securities Exchange #ticker:NSE -listed firm as a non-executive director. His appointment comes as insurance […]
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.