Tag: Nairobi Securities Exchange
The NSE 20 Share Index declined by 0.3 per cent or 5.32 points to 1,743 from the previous 1,748. The 25 Share Index on the other hand increased to 3,071 or by almost 1 per cent from the previous 3,044 points yesterday. The Chairman of the Nairobi Securities Exchange, Kiprono Kittony joins CNBC Africa to look at the bourse’s half year results.
Since March, there has been a decline in trade at East Africa’s biggest bourse but could this be a sign for deeper financial troubles for the region’s biggest economy? Nairobi Securities Exchange, CEO Geoffrey Odundo joins CNBC Africa for more on this.
The values of blue chip companies on the Nairobi Securities Exchange has increased despite the COVID-19 pandemic. CNBC Africa’s Arnold Kwizera spoke to the Chief Executive Officer at the Nairobi Securities Exchange, Geoffrey Odundo for more on this.
In Kenya, the banking sector continues to dominate activity at the Nairobi Securities Exchange with shares worth Ksh775 million transacted, which accounted for 48.27 per cent of the traded value in the week that ended on 30th April 2020. Moreover, the Central Bank of Kenya announced the insurance of a 5-year Ksh50 billion bond for budgetary support in May with the auction date set for Wednesday 6th of May. The market-determined bond will mature in May 2025 with CBK encouraging investors to use treasury mobile direct or internet banking to purchase the bond. Joining CNBC Africa for more is Rodney Omukhulu, Assistant Investments Analyst at Cytonn.
Kenya's coffee sector received close to $14 million from World Bank, to boost the production of speciality coffee and link farmers to direct markets in order to eliminate the issue of cartels. Moreover, the Capital Markets Authority announced that it will allow listed companies on the Nairobi Securities Exchange to pay dividends without holding annual general meetings. Rodney Omukhulu, Assistant investments Analyst joins CNBC Africa for more.
In Kenya, Foreign investors withdrew about $106 million from the Nairobi Securities Exchange in February and March, leading to a sharp fall in the value of blue chip stocks like Safaricom and Equity Bank Group. Also, Moody's has warned that measures put in place to shield Kenya’s banks from disruptions associated with the coronavirus outbreak, might not hold should the situation worsen. Rodney Omukhulu, Assistant Investments Analyst at Cytonn joins CNBC Africa for more.
The Nairobi Securities Exchange shed more than half a trillion Kenyan shillings as investors reacted to cases of COVID-19 on the country's economy. Felix Otieno, Investment Analyst from Cytonn Investments joins CNBC Africa for more.
According to latest data from the Controller of Budget in Kenya 25 of the 47 counties spent nothing on development in the first quarter to September, hurting job creation and infrastructure projects in the devolved units. This is a 45 per cent drop compared to the $34.6 million governors spent on development activities in a similar period a year ago. Also, commercial banks are on course to post another full-year of double-digit growth in profits. Moreover, Kenya’s first green bond started trading on the Nairobi Securities Exchange for the first time. Reginald Kadzutu, Economic Analyst joins CNBC Africa for more.