Besides Absa, Patel owns stakes in companies including Carbacid Investments, Sanlam Kenya, Bamburi Cement and Co-op Bank. [Photo/ The Exchange]

NSE Billionaire Baloobhai Patel’s Mega-Deals Shaking The Market

Among the whales of the NSE is Baloobhai Patel, who owns huge chunks of many of Kenya's largest publicly-listed firms, from multiple banks...

BUSINESS TODAY

The move represents a policy break from the previous administration, led by former President Uhuru Kenyatta, which was reluctant to reduce its positions in key companies, citing strategic, regulatory and national security considerations. [Photo/ NSE]

BUSINESS ECONOMY MARKETS

Ruto Takes Ksh792B Offer Uhuru Rejected

The move represents a policy break from the former President Uhuru Kenyatta-led administration which was reluctant to reduce its positions in key companies,...

MARTIN SIELE

BUSINESS MARKETS SMART MONEY STOCKS

Buy the Dip – NSE Urges Kenyans to Pounce on Cheap Stocks

"The market is trading at a price-to-earnings ratio of less than 10x. This presents a unique opportunity for investors to buy listed securities...

MARTIN SIELE

The now-suspended charge was expected to earn CDSC Ksh1.8 billion annually. [Photo/ News Alert]

FEATURED STORY

CDSC Charges Suspended Amid Outcry

The move follows an outcry from investors concerned about the firm making trading at the Nairobi Securities Exchange (NSE) more expensive when the...

MARTIN SIELE

Former Nairobi Securities Exchange (NSE) Chairman Jimnah Mbaru is among those opposed to the fees. [Photo/ NMG]

FEATURED STORY

Kenyan Investors Protest New Maintenance Fee

According to the corporation, the fee is necessary to keep CDSC financially stable and to enable it to offer better and expanded services....

MARTIN SIELE

FEATURED STORY

Safaricom Records Ksh210 Billion Loss At The Bourse In One Month

Safaricom, Kenya’s biggest telco, recorded the biggest loss at the Nairobi Securities Exchange (NSE), following a massive exodus of foreign investors. The telco...