Trading on the Nairobi Securities Exchange (NSE) was Friday suspended towards the close of the market as panicky investors made indiscriminate sale of shares. Total market capitalisation dropped by Sh120 billion – one of the largest declines in a single day in the history of the bourse. The value of
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President Uhuru Kenyatta on Monday rang the bell to kick off the trading of Kenya’s first green bond at the London Stock Exchange (LSE). Speaking during the launch, the President urged UK investors to use Kenya as a gateway to investing into Africa and a bridge to the emerging market
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Equity Group Holdings (EGH)’s plans to acquire banking assets of Atlas Mara in four African hangs in balance after binding transaction agreements between the two parties expired. On 29 April 2019, EGH announced that it had entered into a binding term sheet (the Binding Term Sheet) pursuant to which EGH
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dfcu Limited (‘dfcu”) has informed its shareholders and the public that CDC Group PLC, a Development Finance Institution owned by the British Government, headquartered in London has sold all the 74,580,276 shares it held in dfcu to the Investment Fund for Developing Countries (“IFU”), a Development Finance Institution owned by
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Dfcu limited has revealed that one of its significant minority shareholders will exit the company. In a customary statement dated 13th December 2019, dfcu informs shareholders and the general public thus: “dfcu Limited (“the Company”) advises its shareholders and the general public that a significant minority shareholder has received and
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Cipla Quality Chemical Industries Limited (CiplaQCIL), a pharmaceutical manufacturing company in Uganda has issued a profit warning informing shareholders that the company is likely to record losses this year. A profit warning is a warning declaration issued by a listed company to investors through a stock exchange. It warns investors that
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A group of lenders who swapped Kenya Airways Plc debt into shares almost two years ago betting on a turnaround can’t seem to catch a break, Bloomberg reports. Just this month, shares of the carrier have fallen 19% to 2.80 shillings by close of Thursday’s trade, 64% below the price
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Shares in Kenya’s Safaricom Plc opened 2.7 per cent lower at KSh27.35 on Monday after the telecoms company announced the death of Chief Executive Robert William Collymore after a nearly two-year battle with cancer, Refinitiv data showed. In May, Collymore, 61, had said he would stay in his position for
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Some of the shine seems to be coming off the Nigeria-based e-commerce firm Jumia. The New York Stock Exchange (NYSE) started selling shares in the company to great fanfare last month. On Thursday, their price plunged 18%. This was after an investor report, by Citron Research, questioned whether the company
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Government of Uganda borrows funds from the public. Bank of Uganda (BoU) is an Agent of Government to collect money (since 1969). The public/lenders place funds with government through their Central Securities Depository (CSD) accounts opened at BOU. The following are the instruments auctioned and used for fiscal purposes (prior
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