Listed companies have been urged by the Nairobi Securities Exchange (NSE) to adopt sustainability reporting to enhance their profitability and attract investors. 

The move represents a policy break from the former President Uhuru Kenyatta-led administration which was reluctant to reduce its positions in key companies, citing strategic, regulatory and national security considerations. As Business Today reported in 2021, the National Treasury declined to float stakes in various companies on the NSE (with the exception of KenGen) - even after NSE CEO Geoffrey Odundo advised the government that it could potentially raise Ksh792.6 billion by doing so and help ease the cash crunch brought on by expensive debt repayments.

Day trading refers to the practice of purchasing and selling a security within a single day or trading session or multiple times over the course of the day. It is preferred by active traders who execute intraday strategies to profit off of price changes for a given asset.

Derivatives are an investment tool whose value is derived from underlying assets like bonds, commodities, currencies, interest rates, market indexes and stock based on the expected future price movement of the asset. They allow investors to make a gain or hedge against losses by taking a bet on the future price movement. NEXT enables you to trade Equity Index Futures and Single Stock Futures.

Kiprono Kittony, the NSE Chairman noted, “This oversubscription of the initial bond demonstrates the confidence investors have in Family Bank and affirms the importance of the corporate bond market as a key source of business financing.”

He further sustained his push for the government to stimulate the market and raise up to Ksh792 billion by reducing its stakes in various listed firms and selling part of its stake in various parastatals via the listing route - a move that would also reduce reliance on external debt.