If you invested Sh100,000 in shares of each of Kenya’s five largest banks at the end of 2009 and held onto the haul to date, you could have made anywhere between Sh11,000 and Sh262,000, depending on the lender you chose. Shares of large banks stocks have proven to be among the most resilient at the […]
Tag: XUGA_KCB
Kenya: NSE eyes stakes in East Africa stock exchanges
The Nairobi Securities Exchange ( NSE ) is eyeing investments in regional bourses as it looks to supplement the revenue it earns from trades and data sales at the local market. The bourse recently bought a 4.9 percent stake in Tanzania’s Dar es Salaam Stock Exchange ( DSE ) and is now looking at investing […]
Kenya’s top banks want the country’s central bank to re-introduce charges on mobile money transfers
Governor Patrick Njoroge of the Central Bank of Kenya Business Insider Africa understands that Kenyan banks used to charge between $0.260 (Sh30) and $1.71 (Sh197) per mobile transaction. But the transaction fees were waived in March 2020 as part of the palliative measures aimed at easing the economic burden of the pandemic. While banks have […]
Politician, two Nigerians linked to frozen Sh5.6bn
Two Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans have been linked to Sh5.6 billion frozen in six bank accounts over alleged money laundering. The billions in the accounts in Equity Bank #ticker:EQTY and UBA Bank were frozen by the High Court after the Assets Recovery Agency (ARA) applied […]
Jubilee sets eyes on new markets in Ethiopia and DRC
Jubilee Holdings Chairman Nizar Juma. [David Gichuru, Standard] Jubilee Holdings has made inquiries about the possibility of expanding its underwriting business to Ethiopia and the Democratic Republic of Congo (DRC) . Jubilee Holdings Chairman Nizar Juma said last Thursday that the insurer is open to acquiring an insurer in Ethiopia and setting up a greenfield […]
Kenyan banks make losses in South Sudan and why they stay on
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi October 23, 2008. The Kenya shilling breached the important 80.00 level on Thursday reaching a near four-year low, despite assurances by the central bank, due to demand for dollars. At 0800 GMT, commercial banks traded the unit at 80.10/20 against the dollar […]
Kenya’s top banks want the country’s central bank to re-introduce charges on mobile money transfers
Governor Patrick Njoroge of the Central Bank of Kenya Business Insider Africa understands that Kenyan banks used to charge between $0.260 (Sh30) and $1.71 (Sh197) per mobile transaction. But the transaction fees were waived in March 2020 as part of the palliative measures aimed at easing the economic burden of the pandemic. While banks have […]
Nairobi Securities Exchange Wants Stakes n Regional Bourses
Nairobi Securities Exchange is considering investmenting in regional bourses to supplement the revenue it earns from trades and data sales at the local market. Regional bourses have already attracted cross-listings from several Kenyan companies such as KCB , Equity Holdings , Kenya Airways , DTB , and Uchumi Supermarkets , boosting their relatively low home-grown […]
Safaricom pulls NSE to 12-month low
Screen showing stock prices at the Nairobi Securities Exchange. [Wilberforce Okwiri, Standard] The value of investors’ wealth at the Nairobi Securities Exchange (NSE) today touched 12-month low, majorly pulled down by Safaricom as foreign investors sustained selling. Market data shows investors’ paper wealth has in the last seven days of trading dropped by Sh79.91 billion […]
Foreigners sell Sh1.5bn stocks in first quarter on geopolitical jitters
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investor outflows at the Nairobi Securities Exchange (NSE) have surged 60.7 percent in the three months to March, reflecting the impact of ongoing geopolitical tensions. Data show the bourse has […]
