Tag: cytonn investment

NSE turnover drops by 30% in second quarter

Turnover at the Nairobi Securities Exchange (NSE) fell by 30 per cent to $318.5 million in the second quarter of the year compared to a similar period in 2018 as dropping share prices discouraged trading. Market data shows the average daily traded turnover in the market declined from $7.55 million in the second quarter of 2018 to $5.21million this year, with local participation in the market declining. Ian Kagiri, Investment Analyst at Cytonn Investment joins CNBC Africa for more.

What does the future hold for Kenya’s online betting firms?

Online sports betting companies have grown rapidly in Kenya in recent years, riding a wave of enthusiasm for sports, with the government putting their combined revenue at $2 billion last year, up from $19.2 million five years earlier. This raised government's concern about the social impact of betting leading the country to introduced new gambling regulations. Ian Kagiri, Investment Analyst at Cytonn Investment joins CNBC Africa for more.
Advertisment