CMA Relaxes Disclosure Obligations
The Capital Markets Authority has relaxed disclosure obligations for companies trading on the Nairobi Securities Exchange. Listed firms will no longer have to publish their financial resultsin two newspapers of [...]
Exit of Foreigners, a Boon for Local Investors
The exit of some foreign investors at the Nairobi Securities Exchange(NSE) provides an ideal entry point to local investors keen to enter the bourse. With the NSE 20 share index [...]
Depressed Activity at NSE Continues
Trading on Tuesday 24th March saw a continued decline of the NSE 20 Share index from Monday's 17 year low of 1958.55 losing 71.38 points to close at 1887.17, an [...]
Shilling Hits Record Low as Kenya Awaits World Bank IMF Rescue Packages
The Central Bank of Kenya (CBK) is negotiating with the World Bank and the International Monetary Fund(IMF) for financial rescue package, targeted at cushioning Kenya's economy from the vagaries of [...]Kenya Stock Market Key Index Dips Below 2000 Points
The NSE 20 Share index, a key index that tracks the performance of top 20 most capitalized firms listed at the bourse, on Monday’s trading session fell below the 2,000 [...]CBK Cuts Key Rate To Near 9-Year Low
The Central Bank of Kenya has surpassed market expectations and cut the Central Bank Rate (CBR) to 7.25 per cent from 8.25 per cent at its March 2020 Meeting. The [...]
Regulator Approves Chris Kirubi to Raise Centum Stake to 49.9%
Kenya's capital market regulator has given a go-ahead to allow businessman Christopher Kirubi to acquire up to 49.99 percent shares of Centum Investment Company PLC, without having to make a [...]CBK Expected to cut rate as Shilling Weakens to 106.51 Against Dollar
Expectations are high that the Monetary Policy Committee (MPC), a top think tank of the Central Bank of Kenya (CBK) will lower the Central Bank Rate (CBR). This is at [...]NSE Issues New Initial Margin Requirements
The Nairobi Securities Exchange has issued new initial margin requirements for Futures trading on the exchange. In the notice to all NSE stakeholders, the NSE announced initial margin changes to [...]EABL to Acquire 30% Stake in Serengeti Breweries
East African Breweries Limited (EABL) has announced plans to acquire an additional 30% stake in Tanzania's Serengeti Breweries Limited (SBL). However, the transaction is still subject to approval by regulatory [...]All Eyes on CBK as Kenya Shilling Weakens to 105 Against the Dollar
The Kenyan Shilling on Thursday's session weakened to a near five year low against the US Dollar mainly driven by concerns over the economic impact of covid-19. At 1200hrs on [...]Listed Firms to Postpone Annual Meetings
Listed firms that were scheduled to hold their Annual General Meetings (AGMs) have been told to defer these meetings to a later date. This follows a Presidential Directive that has [...]
