NAIROBI, Kenya April 25-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 […]
Tag: XNAI_NSE
CMA eyes acquisitions to unlock IPO drought at Nairobi bourse
CMA Chief Executive Wycliffe Shamiah. [File, Standard] The Capital Markets Authority (CMA) is set to licence Special Purpose Acquisition Companies (SPACs) to unlock a decade-long drought of public offerings at the Nairobi bourse. CMA Chief Executive Wycliffe Shamiah said in Nairobi yesterday the regulator is reviewing regulations on public offers, listing and disclosures as well […]
NSE foreign investor trade drops to record 48pc low
Foreign investor activity at the Nairobi bourse has plummeted to below 50 percent, contributing to the market weakness that has seen investor wealth drop by Sh176 billion in the three months to March. A report by the Capital Markets Authority (CMA) shows that foreigners have been withdrawing from the market, with their participation reported at […]
KenGen completes drilling of seven geothermal wells in Ethiopia
Electricity producer KenGen #ticker:KEGN has completed the drilling of seven geothermal wells in Ethiopia, four at the Aluto-Langano site and three at Tule Moye. In February 2019, KenGen in a consortium with Shandong Kerui Petroleum Equipment Company and Shandong Kerui Oilfield Service Group won a joint contract worth Sh7.6 billion to supply geothermal drilling services […]
Kakuzi avocado farmers earnings fall 45 percent
Avocado farmers contracted by Kakuzi #ticker:KUKZ earned Sh31.4 million from the agricultural firm in the year ended December, a 45.6 percent decline from the year before. The payout fell from Sh57.9 million, attributed to lower export quantities besides a decline in the price of the fruit in the international markets, the company says in its […]
BOC records 6.5pc increase in profit
Medical and industrial gases manufacturer BOC Kenya grew its net profit 6.5 percent to Sh108.3 million in the year ended December. FILE PHOTO | NMG Medical and industrial gases manufacturer BOC Kenya grew its net profit 6.5 percent to Sh108.3 million in the year ended December, helped by higher sales. The Nairobi Securities Exchange -listed […]
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 […]
Pension funds major buyers of EABL bond that raised Sh11 billion
Pension funds were among the major buyers of the corporate bond issued by East African Breweries Plc (EABL) #ticker:EABL in October last year, a move that more than doubled their investment in debt sold by private companies to Sh6.8 billion. Before the brewer raised the funds, the corporate bond market had shrunk considerably on the […]
State’s dividend earnings from listed companies fall by Sh27b
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, Kenya, on Tuesday, December 8, 2015. [Riccardo Gangale, Bloomberg] The government’s income from profits and dividends in listed companies fell to Sh45 billion in the 2020/2021 financial year , a 37 per cent drop […]
Pension funds major buyers of EABL bond that raised Sh11 billion
Pension funds were among the major buyers of the corporate bond issued by East African Breweries Plc (EABL) #ticker:EABL in October last year, a move that more than doubled their investment in debt sold by private companies to Sh6.8 billion. Before the brewer raised the funds, the corporate bond market had shrunk considerably on the […]