Kenya

Exchange news

East Africa securities training for thousands

The International Finance Corporation and East Africa’s Securities Industry Training Institute (SITI), based at the Uganda Securities Exchange have signed an agreement to broaden training ...

Exchange news

Kenya regulator cuts bond charges, banks still push for bond OTC market

Kenya’s Capital Markets Authority has cut the cost of trading bonds from 0.04% per cent (KSh400 for every KSh1 million transacted) to 0.035% (KSh350 for ...

Kenya

Safaricom offers $56 million bond

Telecoms giant Safaricom Ltd., a mobile phone company that is the biggest listing by market capitalization on the Nairobi Stock Exchange, is selling KSh 4.49 ...

Kenya

PTA Bank launched $300 million eurobond

PTA Bank, a multilateral financial institution based in Nairobi, successfully launched a US$300 million Eurobond in November. According to a press release from Standard Bank, ...

Exchange news

Nation Media Group in Rwanda cross listing, new market tax incentives

Kenya’s Nation Media Group has cross-listed its shares at the Rwanda Over-The -Counter (ROTC) market on 2 November

Kenya

Nigeria and Zambia joining African rush into bonds

Africa needs to spend $93 billion a year on power, transport and water projects over the next decade to lift growth in the world’s poorest ...

Exchange news

Kenya’s central depository aims to expand

Kenya's Central Depository and Settlement Corporation continues to expand outside the borders of Kenya, buoyed from its 2008 triumph with the region’s biggest initial public ...

Capital raising

$250 million TMT and real estate fund raising capital in East Africa

Kenyan venture capital company East Africa Capital Partners Ltd is to begin raising its second fund next year, with a target size of USD250 million, ...

Kenya

Kenya moots $124 mln bond to finance universities

Kenya's Government aims to float a KSh10 billion (USD124 million) university bond early in 2011 to help higher learning institutions raise funds to admit more ...

Exchange news

Waiting for Nairobi SE demutualization

Stakeholders in the Kenyan capital market are still waiting for changes to the Capital Markets Act to allow demutualization of the Nairobi Stock Exchange. According ...

Capital raising

Jacana makes first investment, into Kenya’s InReturn Capital

A UK-based investment and advisory firm concentrating on African venture capital managers has announced its first investment. Jacana Venture Partnership on 29 June announced that ...

Kenya

Kenya’s 25-bond bond is 3 times oversubscribed

Kenya’s Government has successfully issued a 25-year bond, which sets a marker for the capital market, points the way for other African markets to follow, ...

Kenya

Sharia-compliant finance grows in Kenya

Finance compatible with Islamic investment principles is taking further root in Kenya. There has been take up of sukuk portions of infrastructure bonds launched by ...

Kenya

Automated bond trading boosts liquidity on Nairobi Stock Exchange

Liquidity is up, while the number of days for settlement and cases of fraud are down in bond trading as fixed-income traders and investors flock ...

Capital raising

Investors back $ billions of African bonds

Interest in African sovereign debt has been climbing again in recent months. Angola plans to issue a $1 billion - $2 billion benchmark bond., Kenya, ...

Exchange news

Standard Chartered starts taking over Barclays custody services

Standard Chartered Bank in Kenya (www.standardchartered.com/ke/en/) is to issue KSh 2.5 billion ($30.2 million) in new shares in order to buy the custody business of ...

Exchange news

Kenya aims for 25-year Treasury bond

Kenya’s Government says it will float the first 25-year bond since the 1960s, as part an initiative to help financial institutions offer long-term debt products ...

Exchange news

Kenya’s bond trading developing fast

Andre DeSimone, Kestrel Capital stockbroker, Nairobi The Nairobi capital market has seen a lot of volatility and many local institutions pulled out. At one point, ...

Kenya

Kenya’s mobile money system is “world’s most successful”

Kenya’s biggest mobile telecommunications company says it will continue to lead the market through its revolutionary mobile payment system M-PESA - already the world’s most ...

Ethiopia

NSE to launch commodity exchange “by June”

The Nairobi Stock Exchange (www.nse.co.ke) has set mid-2010 as the target to launch a commodities exchange. It will be a joint effort by the National ...