Companies in Kenya with the best share price growth in the last year.
Tag: XNAI_NSE
Kenya Airways says it is fast-tracking South African Airways partnership
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 […]
Centum hands over Two Rivers luxury apartments to buyers
Nairobi Securities Exchange Chief Executive Geoffery Oundo (left) and Centum Real Estate Chairman James Ruitha during the handover of the Riverbank apartments in Nairobi yesterday. [Wainaina Wambu, Standard] Centum Real Estate has handed over the keys to 60 buyers of its luxury apartments located at the Two Rivers mixed-use development. This is the first Centum […]
Centum cleared in Coke, KRA battle over Sh3.7bn
Centum Investment Company #ticker:CTUM has been spared from compensating the buyer of its Coca-Cola bottling businesses Sh3.7 billion after the Supreme Court stopped the Kenya Revenue Authority (KRA) from demanding the billions. The company in 2019, sold its 27.6 percent stake in Nairobi Bottlers and 53.9 percent interest in Almasi Beverages — the owner of […]
High investor confidence as KMRC’s bond oversubscribed
Ongoing construction of the Pangani Affordable Housing Programme on January 21, 20222 The first tranche of the Sh10.5 billion unsecured Medium-Term Note (MTN) issued by Kenya Mortgage Refinance Company (KMRC) has been oversubscribed by 480 per cent. The state-owned mortgage financier issued Sh1.4 billion mid-last month but received offers worth Sh8.1 billion. The Capital Markets […]
A platform on the rise
Image: Aleksandar_Todorovic/stock.adobe.com Kenya’s Nairobi Securities Exchange (NSE) has been journeying to launch its own securities lending and borrowing (SLB) platform, which will allow asset owners and borrowers to use agents to engage in securities lending, with counterparts they cannot trade with bilaterally. In April 2020, the Capital Markets Authority (CMA) announced the admission of the […]
Start-up leverages on tech to disrupt securities investment
The founders of Ndovu, an online investment platform [File] Last year, Wall Street was rattled by a market craze as retail investors banded together to drive up meme stocks in what came to be seen as a geeks’ revolution against hedge fund billionaires. Overnight, GameStop, a retail chain store selling computer games that had been […]
Kenyans brace for higher cost of living over Russia-Ukraine conflict
Disruptions from any military action or sanctions could see oil, bread, and wheat flour prices increase. A major risk event usually sees investors rushing back to bonds and the safest assets in what could hurt the flow of foreign investors to the Nairobi Securities Exchange (NSE). Russian President Vladimir Putin on Monday called an unscheduled […]
High investor confidence as KMRC’s bond oversubscribed
Ongoing construction of the Pangani Affordable Housing Programme on January 21, 20222 The first tranche of the Sh10.5 billion unsecured Medium-Term Note (MTN) issued by Kenya Mortgage Refinance Company (KMRC) has been oversubscribed by 480 per cent. The state-owned mortgage financier issued Sh1.4 billion mid-last month but received offers worth Sh8.1 billion. The Capital Markets […]
Borrowing, lending of shares now goes live at Nairobi bourse
Market watch at EABL National Stock Exchange (NSE) [David Gichuru, Standard] Investors at the Nairobi Securities Exchange (NSE) will now be able to borrow, lend and trade shares among themselves. This follows approval by the Capital Markets Authority (CMA) of a securities lending and borrowing (SLB) solution developed by the Central Depository and Settlement Corporation […]