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<p>The first tranche of Family Bank’s multi currency Medium Term Note received bids worth Ksh4.4 billion against an advertised amount of Ksh3 billion, recording an over-subscription of about 147 per cent. Could this performance signal the awakening of a rather sleepy Kenyan corporate bond market? CNBC Africa spoke with the CEO of Callstreet Research and Analytics, George Bodo for more.</p>


Kenya: Is the corporate bond market rebounding?

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<p>The Capital Markets Authority in Kenya yesterday announced that Cytonn Investments is not a licensed and approved entity. On their part, Cytonn Investments termed the announcement as malicious and at attempt by the regulator to distant itself from the real estate fund that has operated for more than 8 years. So, what is really going on, and where does this leave the investors? CNBC Africa spoke with the CEO of Callstreet Research and Analytics, George Bodo for more.</p>


Inside the Cytonn

Inside the Cytonn, CMA woes

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<p>Kenya&#8217;s Capital Markets Authority confirms that Cytonn Investments is not a licensed and approved entity.</p>


Kenya’s Capital Markets Authority confirms Cytonn Investments  is not a registered entity

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<p>The share price of Kenyan telco Safaricom has been growing steadily in recent weeks and has seen it account for around 60 per cent of all stocks at the Nairobi Securities Exchange. Its dominance of the NSE along with 4 other companies has been flagged by the capital market authority as a big risk. CNBC Africa spoke to Ann Wacera, Investment Analyst at Cytonn investments for more.</p>


The impact of market concentration on the Nairobi Securities Exchange

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<p>The Nairobi Securities Exchange shed more than half a trillion Kenyan shillings as investors reacted to cases of COVID-19 on the country&#8217;s economy. Felix Otieno, Investment Analyst from Cytonn Investments joins CNBC Africa for more.</p>


Kenyan institutions cooperating with govt. in combating COVID-19 outbreak

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Kenya Power’s pre-tax profit for the year ended June 2019 dropped by 93 per cent to $3.31 million, attributing the drop to the higher costs of buying electricity. Also, the unaudited results for the six month period ending December 31, 2019 the East African Portland Cement made $15.6 million loss after tax, with sales revenues up 8 per cent to hit. The Competition Authority of Kenya has approved the proposed acquisition of control of Gulf Energy Holdings Limited by KenoL Kobil PLC. David Kingoo, Manager at Cytonn Investments joins CNBC Africa for more.</p>


Kenya Power’s full-year pre-tax profit dips 91.98%

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Kenya climbed up to the fourth position of most attractive economies to invest in according to a new report from South Africa&#8217;s Rand Merchant Bank. Micheal Obaga from Cytonn Investments joins CNBC Africa for more.</p>


Kenya one of Africa’s most attractive economies for investment – survey

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<p>The need for affordable housing across the East African Community (EAC) member states is key on all government agendas for the year. Real Estate Analyst, Wacu Mbugua from Cytonn Investments joins CNBC Africa for more.</p>


Why EAC govts. are prioritising affordable housing in real estate sector

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<p>In Kenya, foreign currency deposits held in local commercial banks dropped by an equivalent of Ksh12.3 billion between June and August, coinciding with the expiry of a tax amnesty on repatriation of assets held abroad. Also demand for the government short-term debt fell to the lowest level in more than a year after uncapping loan rates despite return on 3 and 6 month papers going up. Senior Procurement Associate at Cytonn Investments, David Kingoo joins CNBC Africa to explain what is moving and shaking the Kenyan market.</p>


Kenya money market round-up

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<p>The High Court of Mombasa recently declared the current tax imposed by the Kenya Revenue Authority (KRA) on second-hand cars illegal. The Kenya Revenue Authority has been using the price quotations that are used by new vehicle dealers as the main basis for determining the import duties and other levies on second-hand cars that are shipped from overseas. To discuss if the taxes imposed on used motor vehicles are to drop significantly in the coming months, David Kingoo, Senior Procurement Associate at Cytonn Investments joins CNBC Africa for more.</p>


Kenya declares tax on second hand cars illegal

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<p>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.</p>


Is NSE’s declining performance a mirror the wider economy in Kenya?

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<p>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.</p>


Mumias Sugar suspended from trading on NSE

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<p>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.</p>


Dormancy at NSE hurting turnover at the bourse

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<p>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.</p>


Investor losses as 17 firms fall below Sh5 per share in NSE bear run

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<p>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.</p>


Insider trading on Kenol Kobil Plc shares exposed

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<p>Beginning next month, Kenyan employees will pay 1.5 per cent of their salary to fund the government’s project to build 500,000 affordable homes by 2022. The housing fund levy which is part of President Uhuru Kenyatta’s Big 4 agenda was largely met with backlash from the public. Johnson Denge, Senior Manager &#038; Regional Markets at Cytonn Investments joins CNBC Africa to discuss this.</p>


Uproar over Kenya’s 1.5% housing levy

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<p>A new report by the Capital Markets Authority indicates that Kenyans in the US could benefit from tax cuts effective December 2017. David Kariuki, Investment Analyst at Cytonn Investments joins CNBC Africa for more.</p>


Cytonn investments

Kenya: Is the corporate bond market rebounding?

Inside the Cytonn, CMA woes

Kenya’s Capital Markets Authority confirms Cytonn Investments is not a registered entity

The impact of market concentration on the Nairobi Securities Exchange

Kenyan institutions cooperating with govt. in combating COVID-19 outbreak

Kenya Power’s full-year pre-tax profit dips 91.98%

Kenya one of Africa’s most attractive economies for investment – survey

Why EAC govts. are prioritising affordable housing in real estate sector

Kenya money market round-up

Kenya declares tax on second hand cars illegal

Is NSE’s declining performance a mirror the wider economy in Kenya?

Mumias Sugar suspended from trading on NSE

Dormancy at NSE hurting turnover at the bourse

Investor losses as 17 firms fall below Sh5 per share in NSE bear run

Insider trading on Kenol Kobil Plc shares exposed

Uproar over Kenya’s 1.5% housing levy

US tax cuts seen raising amount of money sent back to Kenya

News Tips

Advertise With Us

Cytonn investments

Kenya: Is the corporate bond market rebounding?

Inside the Cytonn, CMA woes

Kenya’s Capital Markets Authority confirms Cytonn Investments is not a registered entity

The impact of market concentration on the Nairobi Securities Exchange

Kenyan institutions cooperating with govt. in combating COVID-19 outbreak

Kenya Power’s full-year pre-tax profit dips 91.98%

Kenya one of Africa’s most attractive economies for investment – survey

Why EAC govts. are prioritising affordable housing in real estate sector

Kenya money market round-up

Kenya declares tax on second hand cars illegal

Is NSE’s declining performance a mirror the wider economy in Kenya?

Mumias Sugar suspended from trading on NSE

Dormancy at NSE hurting turnover at the bourse

Investor losses as 17 firms fall below Sh5 per share in NSE bear run

Insider trading on Kenol Kobil Plc shares exposed

Uproar over Kenya’s 1.5% housing levy

US tax cuts seen raising amount of money sent back to Kenya

News Tips

Advertise With Us

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