Amana Capital unlocks KSh 122 Million to its investors
Amana Capital, a Nairobi based fund manager, has announced that its investors can now access 41% of their funds-cash that was locked following the Nakumatt commercial paper's collapse. These funds, [...]
Kenya's Regulator tightens Surveillance on Rogue Stock Brokerage firms
The Capital Markets Authority (CMA) has moved to tighten its surveillance on what happens in the backroom offices of stock brokerage firms to protect investors from fraud. In the latest [...]Tesla to Make its Debut on the SP 500 Today
Today, Tesla Inc will make its debut on the SP 500 index, headed to be the most valuable company on the benchmark index. The debut follows the stock's peak performance, [...]
Weekly Deals Digest Dec 9th 15th
In this week's deals digest, InfraCredit led Africa with a Series B investment of $27 million from Infraco Africa. Bitso led emerging markets with a $62 million investment while China's [...]UK to Host Africa Investment Summit Next Month
UK-based and African-based businesses will hold a virtual meeting on 20th January 2021 to discuss business and investment opportunities for investors in the two regions. This will be the second [...]
Markets Regulator to Cut Dominance of Foreigners, Big Firms at NSE
The Capital Markets Authority (CMA) has formed a team to address foreign investors' dominance at the Nairobi Securities Exchange (NSE) while it is also keen to address the concentration of [...]NSE turnover rises 657% to KSh 659.7 Million
Nairobi Securities Exchange (NSE) posted an increase of 657% in turnover to KSh 659.7 Million when trading at the bourse ended today, 8th December 2020. This level is compared to [...]CBK's Treasury Bill Auction Raises KSh 9.9 Billion
The Central Bank of Kenya( CBK) Weekly Treasury Bills auction raised KSh 9.9 Billion out of the KSh 24 Billion that was on offer, a 45.5% performance rate. This subdued [...]Centum Real Estate's KSh 4 Billion Bond Wins CMA's Approval
The Capital Markets Authority has given the approval for Centum Real Estate to issue a KSh 4 Billion bond to finance ongoing housing projects in Kenya. Centum Re, a subsidiary [...]Turnover at NSE up 10% to KSh 780.9 Million
Turnover at the Nairobi Securities Exchange(NSE) rose by 10% to settle at KSh 780.85 Million when trading at the bourse closed on Wednesday, December 2nd, 2020. This is on a [...]Weekly Deals Digest Nov 18 Nov 24
Consumer startups and companies led this issue of the weekly deals digest, with players like Nigeria's Autochek raking in $3.4 million in funding in Africa while India's CARS24 led emerging [...]DOB Equity Invests in Victory Farms, East Africa's Largest Fish Farmer
Private Equity Firm DOB Equity has invested in Victory Farms to expand its reach in the Kenyan market and ramp up production capacity. The investment allows DOB equity to tap [...]
