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Nairobi Securities Exchange Eases IPO Requirements to Boost Listings Amidst Seven-Year Drought

In a bid to revitalize initial public offerings (IPOs) and break a seven-year drought on the Nairobi Securities Exchange (NSE), companies seeking listing are now only required to demonstrate profitability once in the last five years. The new regulations, published by Treasury Cabinet Secretary Njuguna Ndung’u, mark a significant departure from the previous mandate, which […]

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Capital Markets Authority Implements 3% Annual Fee to Safeguard Currency Traders

In a significant development for Kenya’s burgeoning online forex trading sector, the government has swiftly instituted a novel regulatory fee affecting all online forex brokers. This measure, effective immediately, is poised to bolster the revenue stream of the Capital Markets Authority (CMA) while fortifying safeguards for currency traders. Under the new regulation, both dealing and […]

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MSCI Excludes Kenyan Stocks from Frontier Markets Index, Signaling Economic Concerns

In another setback for Kenya’s financial markets, Morgan Stanley Capital International (MSCI) has once again chosen to exclude Kenyan companies from its MSCI Equity Index for frontier markets. This development underscores the deteriorating investment climate in Kenya, marked by factors such as an unpredictable taxation regime, a dollar shortage, a weakening currency, and high fuel […]

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AIB-AXYS AFRICA Revolutionizes Investor Guidance with Launch of Virtual Assistant, Wekeza

AIB-AXYS AFRICA, a leading stock brokerage firm, has introduced an innovative virtual assistant named Wekeza (invest) to provide expert guidance to investors navigating the complexities of capital markets. This cutting-edge tool is poised to redefine conventional investment approaches, offering users a unique and comprehensive experience. Wekeza operates as a financial GPS, adeptly leading users through […]

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Nairobi-Based Sterling Capital Reports Standard Chartered Bank Kenya’s Strategic Shift in Investment Portfolio

In a recent development, Sterling Capital, headquartered in Nairobi, disclosed that Standard Chartered Bank Kenya Ltd has made substantial adjustments to its investment portfolio, particularly reducing its exposure to Kenyan government bonds. This move comes in response to a directive from the bank’s parent company, aiming to mitigate sovereign risk exposure, a decision influenced by […]

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Equity Group Set to Finalize Cogebank Acquisition, Aiming for November Completion

In a recent development, Equity Group, a prominent banking institution, has disclosed its anticipation of completing the acquisition of Rwanda’s Compagnie Générale de Banque, widely known as Cogebank, by the end of November. The acquisition, initially announced in June, involves a cash consideration of $48.1 million for a 91.93% stake in Cogebank, with plans to […]

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Kenyan Pension Schemes Report Negative Returns in Q3 2023, Survey Finds

In a recent survey conducted by South Africa-based investment firm RisCura, Kenyan pension schemes have experienced negative returns in the quarter ending September. The Performance Investment Management Survey reveals that the weighted average return of the surveyed schemes plummeted to negative 3.06 percent, a significant decline from the 0.18 percent return reported in the previous […]

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