In a bid to rejuvenate share trading on the Nairobi Securities Exchange (NSE), the Capital Markets Authority (CMA) is actively developing regulations for margin trading. Margin trading involves investing in shares using funds borrowed from a lender, typically a stock brokerage or investment bank.Despite the NSE experiencing a prolonged period of low volatility and low […]
In a significant market development on Tuesday, Nigerian non-deliverable currency forwards plummeted to unprecedented depths against the U.S. dollar, closely aligning with declines observed in the official spot market, as per data from the London Stock Exchange Group (LSEG). Non-deliverable currency forwards, financial instruments utilized for hedging against potential exchange rate fluctuations, signaled a market […]
Facing growing unease from traders over the safety of the world’s largest cryptocurrency exchange, Binance has yielded to customer pressure by enabling certain larger traders to hold their assets with independent custodians. This move comes in the wake of the exchange being fined by US authorities last year. Previously, Binance clients were limited to holding […]
In an effort to curb a deepening stock market decline, China has officially restricted short selling after previous informal measures failed to yield the desired results. The Shenzhen and Shanghai bourses announced on Sunday that investors purchasing shares will not be allowed to lend them for short selling within an agreed lock-up period. The new […]
In response to the ongoing depreciation of the local currency, Kenyans are increasingly turning to US dollar-based investments as a safeguard against the economic impacts. This trend is being observed both among domestic investors and members of the diaspora. The surge in interest for dollar-denominated investment products has led to the establishment of various forex […]
In a surprising move, the Bank of Ghana has decided to reduce its benchmark interest rate for the first time since 2021. The monetary policy committee, in a meeting on Monday, announced a cut from 30% to 29%, breaking a trend of rate stability that had been in place since September. This decision, contrary to […]
Sales of mutual funds focused on climate initiatives have experienced a sharp decline of 75% over the past two years, grappling with a combination of challenges ranging from high-interest rates to lackluster performance and a political campaign in the United States against socially conscious investments. According to provisional figures from data provider Morningstar, climate-focused funds […]
In a strategic move to fortify its position in the global marketplace, the Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, Mr. Temi Popoola, has announced the Exchange’s ongoing collaboration with regulators to review and align its listing rules with global standards, particularly those observed in major financial hubs like London. […]
In a groundbreaking development, Apollo Agriculture has successfully secured a substantial $10 million investment from Swedfund International and ImpactConnect, facilitated by DEG. This noteworthy financial infusion propels the company into a robust position to further its rapid expansion in pursuit of the mission to enhance the livelihoods of small-scale farmers while promoting sustainable farming practices. […]
In a strategic move to support small businesses, the Kenyan Treasury has introduced the Kenya Credit Guarantee Scheme Company (KCGSC) in collaboration with financial institutions. The initiative, developed in partnership with commercial banks, aims to de-risk lending to small businesses, particularly those emerging from the Hustler Fund. The Kenya Credit Guarantee Scheme Company (KCGSC) represents […]
Kenya’s Central Bank of Kenya (CBK) has lowered its benchmark interest rate by 50 basis points, reducing it to 10.75%...
U.S. President Donald Trump has once again escalated his trade war rhetoric, this time setting his sights on the European...
The World Bank has revised its economic growth forecast for South Africa, increasing its 2025 GDP projection from 1.6% to...
The Central Bank of Kenya (CBK) has rejected a new bond trading platform proposed by commercial banks, known as the...