Nairobi Securities Exchange (NSE)

86 Articles
NSE Chief Executive Geoffrey Odundo had noted that the State could raise Ksh792 billion by reducing its stake in some listed companies and relinquishing some stake in lucrative parastatals.
BUSINESSECONOMY

Govt Turns Down NSE’s Ksh792 Billion Offer

“For example at Safaricom, we are 35 percent shareholders. Given the strategic and security reasons around Safaricom, we don’t want to get diluted...

Safaricom headquarters in Nairobi. NSE Chief Executive Geoffrey Odundo noted that selling part of the government's stake in Safaricom and other listed firms would reduce the need for expensive loans.
ECONOMYMARKETS

Raise Ksh792B by Selling Stake in Safaricom, Parastatals – NSE Advises Govt

NSE noted that the State could potentially raise Ksh150 billion by reducing its stake in Safaricom to 25 per cent from the current...

Nation Media Group (NMG) headquarters in Nairobi
BUSINESSMARKETS

Nation Media Group Moves to Buy Back 10% of Its Shares

From highs of Ksh307.27 in April 2013, Nation has seen its share price fall to Ksh13.40 as of Wednesday, February 24. The firm's...

Stock prices displayed at the Nairobi Securities Exchange (NSE)
ECONOMYFEATURED STORYMARKETSSTOCKS

Safaricom, EABL & BAT: Why Investors Are Snapping up These 3 Stocks, Driving NSE Bull Run

The Capital Markets Authority (CMA) has previously flagged as a big risk the dominance of five companies at the bourse, including Safaricom, as...

MARKETS

NSE Moves to New Safaricom-Powered Broker Network

The NSE is leveraging Safaricom's experience and excellent service support to ensure a stable, secure and resilient network infrastructure for securities trading.

Brands by Sasini Plc. The company has released its annual report for the year ended September 2020.
BUSINESS

1,364 Sent Home at Sasini Despite Annual Profit Jump

Of the company's agricultural operations, tea was the hardest hit in terms of job cuts.

CIC Insurance
BUSINESS

CIC Group Issues Profit Warning On COVID Woes

The company also noted viscosity in the property market pointing out it has been tight with limited opportunities to dispose properties and support...

Stock prices displayed at the Nairobi Securities Exchange (NSE)
BUSINESSMARKETS

Equity Turnover at NSE Drops 27.5% as Investors Flee Pandemic

Investors, both local and foreign, stayed away from the bourse during the quarter.

An online trading platform displayed on a mobile device
MARKETS

EFG Hermes Ranked Kenya’s Top Brokerage, Plots New Online Trading Platform

The firm saw shares worth $717 million (Ksh79.01 billion) change hands in Kenya in the period under review.