In a groundbreaking move aimed at bolstering cross-border trading opportunities within Africa, SecondSTAX, a fintech start-up, and the Nigerian Exchange Group (NGX Group) have joined forces to unveil a new trading platform. The platform, set to transform the investment landscape, now includes the participation of the Nairobi Securities Exchange (NSE) and the Ghana Stock Exchange […]

Pension fund assets in Kenya witnessed a robust increase of KES 127 billion during the first half of 2023. This remarkable growth was propelled by several key factors, including the implementation of higher mandatory contributions to the National Social Security Fund (NSSF) and favorable exchange rate gains on offshore investments. According to data provided by […]

Microsoft and M-PESA  have unveiled their strategic partnership aimed at bolstering the growth of micro, small, and medium-sized enterprises (MSMEs) across Africa. This initiative intends to equip MSMEs with the digital expertise and essential tools necessary to expand their operations and enhance customer service. The partnership recognizes the pivotal role MSMEs play in the African […]

In a significant market development, foreign investors have offloaded shares worth Sh1.1 billion on the Nairobi Securities Exchange (NSE) last month, according to recent market data. This marks a noticeable resurgence in sell-offs from foreign investors, reversing the trend seen in August when offshore investors recorded a rare net buy position with portfolio inflows amounting […]

Sean Chin MQ, a renowned Investment Director at Olritz Financial Group, has unveiled an ambitious plan to revolutionize Kenya’s affordable housing sector. With an illustrious 15-year career in the financial world, Sean Chin MQ has assumed the helm at Olritz Financial Group, managing assets exceeding $150 million. His latest endeavor promises to be nothing short […]

The Kenyan Treasury has managed to raise just Sh7.9 billion from the sale of government securities this week, falling significantly short of its target of Sh43 billion. Investor apathy and the Central Bank of Kenya’s (CBK) rejection of costly bids have weighed down on the nation’s financial market. The sales, which included Treasury bills and […]

Kenyan stocks are facing an alarming selloff, propelling the nation’s benchmark index into a dire situation, marking it as the world’s worst-performing market. The Nairobi Securities Exchange (NSE) has recorded a distressing fourth consecutive quarter of decline in September, marking the longest downward trend since 2017. Notably, KCB Group Plc, Kenya’s largest bank by assets, […]

In a significant development, the Stock Exchange of Mauritius (SEM) has unveiled an exciting opportunity for Kenyan investment banks and stockbrokers to participate in its market platform. This move has the potential to broaden the spectrum of offshore investment opportunities within the Indian Ocean island State. SEM’s Chief Executive, Sunil Benimadhu, announced this groundbreaking initiative […]

In a startling turn of events, Treasury bill interest rates have vaulted over the 15 percent threshold for the first time in eight years, igniting concerns about an imminent surge in loan expenses. The rates attached to Treasury bills (T-bills) serve as a pivotal gauge for establishing the risk-free benchmark for loan pricing, and the […]

In a bid to bolster safeguards for currency traders and clients, the Capital Markets Authority (CMA) has initiated a significant move. The capital markets regulator has formed a dedicated working group, bringing together licensed Forex brokerage firms and various stakeholders to establish standards aimed at fortifying consumer protection. One of the pivotal objectives of this […]