Kenya’s securities exchange has moved a step closer to requiring companies to start Environmental, Social and Governance, or ESG, disclosure and introducing an index for the category. The Nairobi Securities Exchange published its ESG guidance manual on Monday, with a view of aligning information reported by companies listed in Kenya with international standards. The NSE […]
Tag: XUGA_EABL
Magufuli ghosts return to haunt Kenyan firms as bid to crack TZ flops
Chairman Kenya Bankers Association Joshua Oigara. [File, Standard] KCB Group might have taken the wrong path to regional banking supremacy. The Tanzanian route is somewhat jinxed. The listed lender’s foray into the region might have started in Tanzania where it launched its operations away from home in 1997, but Dar es Salaam has not warmly […]
NSE stocks hit 7-month low on new Covid strain
The value of stocks on the Nairobi Securities Exchange (NSE) #ticker:NSE dropped to a seven-month low on foreign investors’ sell-off of blue-chip firms amid rising concerns over new coronavirus variant. Market data shows investors’ paper wealth declined Sh89.06 billion in a week through Monday, pushing the market value to levels last seen in mid-April. The […]
Top 40 Under 40 Women’s big day in city
Nation Media Group #ticker:NMG held a glamourous brunch on Saturday to celebrate Top 40 Under 40 Women finalists. Now in its 13th year, the Top 40 Under 40 project honours outstanding women in different spheres of the economy from sports, creatives, medicine, law, to social entrepreneurship. The 40 awardees shared the joys, concerns, and anxieties […]
CMA approves Shs3.9 bn corporate bond for affordable housing
NAIROBI, Kenya Dec 2 – The Capital Markets Authority (CMA) has approved the issuance of an Sh3.9 billion corporate bond for Urban Housing Renewal Development Limited in an effort meant to facilitate affordable housing. The bond would be issued through the Medium-Term Note Programme to support a housing project in Pangani, Nairobi meant to comprise […]
Tanzania : NMB share increase pulls up DSE indices
NMB Bank has continued to rise and shine at the bourse since the ice broke two weeks, thanks to its outstanding performance in the first nine months of the year. The bank, one of the largest in the land, share price increased by 8.51 per cent to close last week at 2,040/- and assisting pushing […]
Kenya’s Bourse Gives Companies One Year to Grasp ESG Reporting
Kenya’s securities exchange has moved a step closer to requiring companies to start Environmental, Social and Governance, or ESG, disclosure and introducing an index for the category. The Nairobi Securities Exchange published its ESG guidance manual on Monday, with a view of aligning information reported by companies listed in Kenya with international standards. The NSE […]
NSE unveils rules on social impact reporting for firms
Listed companies will now publish annual sustainability reports that show investors how they deal with issues such as corruption, customers’ data privacy and environmental impact. The Nairobi Securities Exchange (NSE) #ticker:NSE has issued Environmental, Social and Governance (ESG) guidelines for the listed firms in partnership with Global Reporting Initiative (GRI). The NSE is the fourth […]
Safaricom lifts pension earnings to four-year high
Pensioners have enjoyed the highest returns from investments in four years helped by the big gains on the shares of Safaricom and large banks, which make up the bulk of the pension industry equities investments. Pension funds surveyed by fund administrator Zamara and Actuarial Services East Africa (Actserv) show a return of 15.1 percent on […]
What we learnt from EABL bond issue
Our capital market is crying out for quality grade A corporate bond issuers as an alternative to lending to the sovereign. This, to me, is the biggest lesson from the hugely successful East Africa Breweries Plc’s #ticker:EABL Sh 11 billion medium-term note, which was oversubscribed by 345 percent. This note was by far the company’s […]