Privatization of Nairobi Stock Exchange
Kenya is considering speeding up plans to privatize the Nairobi Stock Exchange (www.nse.co.ke), the biggest market in East Africa. The aim is initially that stockbrokers …
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Kenya is considering speeding up plans to privatize the Nairobi Stock Exchange (www.nse.co.ke), the biggest market in East Africa. The aim is initially that stockbrokers …
KenGen’s KSh25 billion (US$336 million) bond launched the Automated Trading System (ATS) of the Nairobi Stock Exchange (NSE – www.nse.co.ke) on 9 November.
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.
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.
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.
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.
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.
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.
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 …
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- …
Standard Investment bank offers SMS orders from mobile phones for its clients wishing to buy and sell shares on the Nairobi Stock Exchange.
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