Bond traders at the Nairobi Securities Exchange (NSE) are grappling with substantial losses as interest rates persistently climb, marking a challenging trend in the market. Data sourced from the NSE reveals that bonds traded in the secondary market are being discounted by investors, with markdowns reaching as high as 24.4 percent. This has resulted in […]

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 […]

In a strategic move to shield their investments from the volatility of local currencies and the escalating risks posed by political and environmental factors, Kenyan property investors, along with their counterparts across Africa, are increasingly turning their attention to dollar-denominated green projects. The latest findings from the Knight Frank Africa report for the year 2022/2023 […]

In a recent statement, the Ministry of Trade and Industry announced the establishment of a cutting-edge commodities exchange, the Komex, dedicated to revolutionizing the market and instilling essential integrity. The ministry emphasized the exchange’s commitment to providing a secure mechanism for ensuring quality, quantity, and timely payment within the market. The Komex aims to enhance […]

In a strategic move to address potential challenges in its foreign exchange reserves, Kenya’s National Treasury has appointed Citi and Standard Bank as joint lead managers. Their mandate is to explore options for international US$ capital markets funding and liability management for Kenya. With the looming pressure on foreign exchange reserves in 2024 due to […]

The Nairobi Securities Exchange PLC (NSE) has granted approval for the listing of Linzi Sukuk on its Unquoted Securities Platform (USP), marking a historic milestone as the first Shari’ah-compliant product admitted to the platform. The Linzi Sukuk now joins the ranks of three admitted securities on the USP. Issued by Linzi FinCo Trust, a common […]

The Nairobi Securities Exchange (NSE) witnessed a historic surge in the prices of gold exchange-traded funds (ETFs), with the Absa New Gold ETF unit price reaching an all-time high of Sh2,840. This remarkable escalation is attributed to the emergence of new geopolitical tensions on the global stage. In a remarkable climb, the Absa New Gold […]

Despite the prevailing downturn in equities, stocks with valuations below Sh4 billion on the Nairobi Securities Exchange (NSE) have emerged as the leaders in generating returns for investors in 2023. Out of the 24 firms that have seen their stock values rise since the beginning of the year, 15 are smaller companies, with notable mentions […]

A notable financial trend is rapidly taking root in Kenya, with new research revealing that over 50 percent of the population now turns to debt to cover their daily financial needs. The study, conducted by Consumer Insight, highlights that an increasing number of Kenyans are relying on digital lenders, marking a significant shift in financial […]

In a move to bolster lending support to small and medium enterprises (SMEs), Absa Bank Kenya has unveiled a groundbreaking unsecured working capital loan platform. The new platform, aptly named Wezesha Stock, aims to empower distributors, wholesalers, and retailers in the fast-moving consumer goods sector by providing them with easy access to short-term funding for […]