The Nairobi Securities Exchange (NSE) witnessed a significant surge on Tuesday, boosting investor wealth by Sh95.53 billion, marking its largest single-day gain in 18 months. This propelled the market capitalization to Sh1.831 trillion by day’s end. Local investors, particularly institutional players, drove this surge, showing a strong preference for blue-chip stocks. Analysts attribute this to […]

BlackRock, a global asset management giant overseeing $9.1 trillion in assets, has reentered the Nairobi Securities Exchange (NSE) after a four-year hiatus, marking a significant development for Kenya’s financial sector. Governor Kamau Thugge of the Central Bank of Kenya revealed that BlackRock identified Kenya among ten global economies for potential investment opportunities. Following discussions, BlackRock […]

Kenya is embarking on a transformative journey into nuclear energy, with an allocation of Sh11 billion for the development of its first nuclear research reactor. Spearheaded by the Nuclear Power and Energy Agency (NuPEA), this initiative is poised to revolutionize various sectors, from research and education to healthcare and industry. The strategic plan outlined by […]

Micro, Small, and Medium Enterprises (MSMEs) in West Pokot and Turkana counties are poised to benefit from a significant funding opportunity. The Impact for Northern Kenya Fund, with a total value of $30 million, aims to provide crucial financial support to local businesses in collaboration with USAID Kuza. Already, over 1,500 MSMEs in the region […]

The Capital Markets Authority (CMA) has announced a significant development aimed at modernizing the Nairobi Securities Exchange (NSE) by allowing companies to conduct initial public offerings (IPOs) electronically. This initiative, outlined in legal notice No. 172, seeks to streamline processes, reduce costs, and enhance transparency in Kenya’s financial markets. Nairobi Securities Exchange Vice Chairman, Paul […]

NCBA Group has sealed a substantial agreement with Proparco, securing a $50 million loan aimed at bolstering small and medium-sized enterprises (SMEs) and advancing green financing initiatives. The loan, equivalent to approximately Sh6.73 billion, was formalized during a signing ceremony held at Nairobi’s Serena Hotel on March 18, 2024. Under the terms of the agreement, […]

Safaricom, Kenya’s leading telecommunications company, is revolutionizing its dividend payment system by transitioning away from traditional cheque payments towards faster electronic methods. This move aims to enhance efficiency and convenience for its extensive shareholder base. In a recent announcement, Safaricom urged shareholders to update their payment preferences and contact details with its shares registrar, Image […]

The Nairobi Securities Exchange (NSE) witnessed a substantial surge in investor wealth on Thursday, with a remarkable increase of Sh38.6 billion, marking the largest single-day gain in eight months. This surge was primarily attributed to the impressive performance of Safaricom and key players in the banking sector. Safaricom, the leading telecommunications company in Kenya, drove […]

The Capital Markets Authority (CMA) is shaking things up in Kenya’s financial sector with proposed new regulations that raise the bar for market intermediaries. This move, aimed at boosting investor confidence and revamping the market as a whole, requires these intermediaries to hold a higher minimum amount of readily available cash and liquid assets. Investment […]

Investors are on the move as bank share prices experience a notable uptick on the Nairobi Securities Exchange (NSE). The surge in demand is primarily driven by expectations of higher dividends from leading lenders for the fiscal year ending December 2023. Since March 5, when Stanbic Holdings announced a 21.8 percent increase in dividends for […]