National Bank of Kenya managing director Paul Russo. DIANA NGILA | NMG It is now two years since Kenya Commercial Bank started executing the bail- out takeover of the National Bank of Kenya(NBK). I recently caught up with NBK managing director Paul Russo for insights into execution of successful bank turnarounds. We must not forget […]
Seven chief executives of Nairobi Securities Exchange-listed firms have served for more than 15 years and are expected to extend their tenure in a market where on average top managers don’t serve in excess of a decade. Flame Tree’s #ticker:FTGH founder, Heril Bangera, has the longest run of 32 years, followed by Car & General’s […]
The value of assets held by the State-owned pension fund grew by Sh40 billion in the one year to June 2021, helped by higher valuations of blue-chip shareholdings and increased investments in government bonds. Fresh data by the Retirement Benefits Authority (RBA) shows that the asset value of the National Social Security Fund (NSSF) grew […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL The wealth of Nairobi Securities Exchange (NSE) investors fell by Ksh.62 billion last month on lower stock valuations in the period. The drop is represented by the contraction of the NSE market capitalization from Ksh.2.841 trillion to Ksh.2.779 trillion. The slide in stocks […]
Source: Western Union Western Union, a global leader in cross-border, cross-currency money movement and payments, is collaborating with major financial institutions in Africa, to enable millions of consumers to send and receive cross-border payments, quickly and reliably, 24/7. Customers of KCB Bank Kenya, the Diamond Trust Bank (DTB) and the Kenya Post Office Savings Bank […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Investors at the Nairobi Securities Exchange (NSE) last month lost almost over Sh60 billion in paper wealth as the Evergrande Group’s crisis hit home. Data from the Nairobi bourse shows market capitalisation dropped to Sh2.78 trillion from Sh2.84 trillion the previous month. Evergrande […]
Monthly bonds turnover on the Nairobi Securities Exchange (NSE) hit an all-time high of Sh118.1 billion in September on the back of a liquid market and demand for infrastructure bonds, while equities remained subdued as blue-chip share prices retreated. The previous high in bonds turnover for a single month was the Sh106.9 billion that was […]
Customers queue outside an M-Pesa shop in Nairobi Every second in 2021, Safaricom processed 300 overdraft requests to bail out its subscribers, according to its Business Sustainability Report released yesterday The telco reports that it disbursed Sh351.2 billion for the period through its Fuliza service. This means that every second, it lent Kenyans an average […]
Source: Western Union Western Union, a global leader in cross-border, cross-currency money movement and payments, is collaborating with major financial institutions in Africa, to enable millions of consumers to send and receive cross-border payments, quickly and reliably, 24/7. Customers of KCB Bank Kenya, the Diamond Trust Bank (DTB) and the Kenya Post Office Savings Bank […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Investors at the Nairobi Securities Exchange (NSE) last month lost almost over Sh60 billion in paper wealth as the Evergrande Group’s crisis hit home. Data from the Nairobi bourse shows market capitalisation dropped to Sh2.78 trillion from Sh2.84 trillion the previous month. Evergrande […]
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