NSE PLC Chief Executive Officer Geoffrey Odundo Deals in the first half of 2021 have been nearly seven times greater over a similar period last year while the average daily turnover level has nearly quadrupled in the same period. The derivatives market dubbed NEXT is only the second such market on the continent after South […]
Equities and bonds turnover at the Nairobi Securities Exchange (NSE) rose sharply in May, driven by increased trading in blue-chip stocks and demand for infrastructure bonds on the fixed income segment. The NSE said that turnover in the equities segment rose from Sh9.9 billion in April to Sh14.2 billion in May, while bonds turnover rose […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Foreign investors have now sold stocks worth Ksh.1.9 billion ($17.5 million) at the Nairobi Securities Exchange (NSE) in the year so far. In May, the investors offloaded Ksh.787.7 ($7.3 million) worth of stocks as investors continued to execute a flight to risk stance […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Equities and bonds turnover at the Nairobi Securities Exchange (NSE) rose sharply in May, driven by increased trading in blue-chip stocks and demand for infrastructure bonds on the fixed income segment. The NSE said that turnover in the equities segment rose from Sh9.9 billion in April to […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Trading activities at the Nairobi Securities Exchange improved to the highest level in six weeks, recording a turnover growth of 42.5 per cent in the week ended June 25. Weekly data from the Central Bank shows turnover at the Nairobi bourse rose to […]
DAR ES SALAAM Stock Exchange (DSE) recorded positive price movements that helped to spark rally in stocks in May but failed to increase the market turnover. The bourse, according to Zan Securities’ Market Monthly Outlook, saw nine counters registering price gain against seven in April while two counters registered price drop. Zan Securities said in […]
StanChart Kenya CEO Kariuki Ngari. PHOTO | DIANA NGILA Standard Chartered Bank Kenya plans to give customers the option of applying for personal loans remotely through its imminent entry into the mobile lending segment, chief executive Kariuki Ngari has said. This will be in addition to offering low-value mobile credit through the planned roll out […]
Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | NMG Standard Chartered Bank Kenya will lock out borrowers with multiple digital loans from its mobile lending app that will be unveiled in the coming days. StanChart chief executive Kariuki Ngari said the lender would not “overburden” borrowers with additional credit, citing elevated default rates […]
The global impact of the Covid-19 pandemic, especially the sudden shock to economies has been unprecedented in recent history. The severe impact and prolonged spell of the pandemic paint a gloomy picture. With the different policies undertaken to ensure a speedy recovery of economies and markets, we are likely to see positive recovery despite new […]
KCB Group subsidiaries, KCB Kenya, and National Bank of Kenya (NBK) won 11 and 4 awards respectively during this year’s Think Business Awards . KCB bagged the top prizes in digital banking, product marketing and mortgage finance categories, while NBK was named first position in the special judges’ award for product innovation category. This was […]
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