Kenya

Exchange news

Nairobi SE readvertises for IT system for stockbroker back offices

The Nairobi Stock Exchange (NSE) has readvertised its request for IT vendors to express their interest in providing a Broker Back Office (BBO) system to handle administration and client accounts for its 18 active and licensed stockbroking members. The closing date is 27 October.

Kenya

African bonds roundup

Absa Capital, the investment banking arm of Absa Group, plans to work in a range of African debt markets, particularly in countries where Barclays Bank is active. New bonds are being issued in Namibia, Kenya and Uganda.

Exchange news

Kenya’s CMA protects shareholders

Kenya’s Capital Markets Authority is giving limited refunds to people who lost money with stockbroker Nyagah Securities which collapsed in 2008 and it has set up a telephone hotline for people to report suspect dealings.

Exchange news

Kenyan private equity firm trades “Over The Counter”

A leading Kenyan stockbroker says local investment company TransCentury already trades “Over The Counter” and plans to list its shares for trading on a stock exchange.

Capital raising

Kengen issues $197 mln bond for 500 MW more electricity

The Kenya Electricity Generating Company (KenGen) has received regulatory approval from the Capital Markets Authority for a corporate bond with a nominal value (face value) of KSh15 billion (US $196.8 mln). The offer is open from 8-29 September.

Exchange news

Tanzania thawing on East African integrated market?

Tanzania seems to be warming to the idea of linking the East African stock exchanges, in what could eventually be the development of a major integrated regional market.

Exchange news

Kenya’s CMA brings new rules for brokers and investment banks

Kenya’s Capital Markets Authority is putting new regulations into law by the end of August, including tighter controls on stockbrokers and investment banks. According to …

Exchange news

More action on Kenya’s bond market

Bonds are becoming increasingly active in Kenya, and the bond market at the Nairobi Stock Exchange (NSE) is proving a good place to raise medium- …

Exchange news

Nairobi Stock Exchange member offers SMS orders

Standard Investment bank offers SMS orders from mobile phones for its clients wishing to buy and sell shares on the Nairobi Stock Exchange.