Tag: Caleb Mugendi
The stock market indicators at Nairobi Securities Exchange show a market on the decline between January and September 2019. Also, The Kenyan government has reached a deal with Mauritius to amend the nullified double tax deal on businesses and individuals who stash away cash. Caleb Mugendi, Assistant Manager of Public Markets at Cytonn Investments joins CNBC Africa for more.
This week, shares for Mumias Sugar Company Limited were halted from trading at the Nairobi Securities Exchange following the appointment of a receiver manager by KCB Bank mainly due to the default in loans the bank provided to the firm. To digest this and much more, Caleb Mugendi, Assistant Manager of Public Markets at Cytonn Investments joins CNBC Africa.
Central Depository and Settlement Corporation (CDSC) shared that nearly 90 per cent of the 1.6 million share accounts at the firm have not been actively trading in the past two years. Towards end of March, the firm moved to implement the Dormant Account (Rules) Guidelines that were approved by the Capital Markets Authority (CMA) in April 2018. What does this mean? Caleb Mugendi, Assistant Manager of Public Markets at Cytonn Investments joins CNBC Africa for more.
On the Nairobi Securities Exchange, share prices of a number of firms have fallen mainly due to a mix of corporate governance weaknesses, a tough economy and over-indebtedness. Five of the stocks are trading below one shilling and 17 listed firms have fallen below Ksh5 per unit in a stock market bear run. Caleb Mugendi, Assistant Manager at Public Markets Cytonn Investments joins CNBC Africa for more.
In Kenya, the Capital Markets Authority(CMA) have taken administrative action against ex-Kestrel CEO Andre DeSimone, Aly Khan Satchu and Kunal Kamlesh for their involvement in insider trading on Kenol Kobil plc shares in the period before the takeover announcement was made public in October 2018. Caleb Mugendi, Assistant Manager and Public Markets, Cytonn Investments joins CNBC Africa for more.
Kenyan bourse buoyed by strong performance of banks, Safaricom
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