Kenya | - Part 42

South Africa, Kenya, Nigeria Plan More ETF Cross-Listings

Lagos, Nigeria (Capital Markets in Africa):- South Africa, Nigeria and Kenya are planning to cross-list more exchange-traded funds on their stock markets to boost liquidity of the securities, according to the Johannesburg Stock Exchange. “We reached out to East Africa and West Africa,” Tamsin Freemantle, business development manager of the South African bourse, said in an interview May 14 in the Kenyan capital, Nairobi. The JSE is “working closely with those markets to develop this cross…

Kenya to privatise sugar firms to regional African investors

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Nairobi, Kenya (Capital Markets in Africa):- Investors across East Africa will own a stake in five Kenya government-owned sugar companies to be privatized over the next 12 months, reports The East African News. The Privatisation Commission announced on Friday, 5 May that the five sugar companies — Nzoia, South Nyanza, Chemelil, Muhoroni and Miwani — will be sold in phases to strategic investors and out grower companies through an initial public offering. Under Kenyan law,…

Kenya Market Watch | May 14th 2015: Market cap gains KES 7.6 billion but NSE20 slightly lost 1.5bps

Posted on by The Editorial Team

Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE) 20 declined by 0.77 points to close at 4,979.71 while Nairobi All Share Index went up by 0.55 points to close at 167.82. However, the market capitalization gained KES 7.57 billion (0.32%) to close at KES 2,347.46 billion. The market breadth ended positive, with 23 gainers and 19 losers. On the one hand, the highest market gainer was East Africa Portland Cement gaining 9.26…

Positive Outlook for Hospitality industry in South Africa, Nigeria, Mauritius and Kenya

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Johannesburg, South Africa (Capital Markets in Africa):- South Africa’s hospitality industry is prepared to grow further in the next five years, with most growth in the sector expected to be generated in Cape Town, according to a report released by PwC today. Nikki Forster, Hospitality Industry Leader for PwC, Southern Africa, says: “Although South Africa’s economy has weakened, the hotel industry in 2014 has benefited from an increase in foreign visitors and rising room rates.” PwC’s…

Kenya Market Watch | May 12th 2015: Kenya equity indices end in Red….

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Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Security Exchange top 20 (NSE 20) Index declined by 29.58 points to close at 5,012.94 points today. Likewise, the Nairobi All Share Index went down by 1.19 points to close at 169.46 points with total market capitalization at KES 2,387.19 billion. The highest market gainers were Housing Finance edging up by 6.20 percent to close at KES 34.25, Crown Berger Paint Kenya gained 5.96 percent to settle…

Tanzania signs up for customs deal alongside Kenya, Uganda and Rwanda

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Dar es Salaam, Tanzania (Capital Markets in Africa):- Tanzania has joined Kenya, Uganda and Rwanda in fast tracking the movement of goods along the main corridors (Northern and Central) under the customs seals in the COMESA region. This follows the signing of an inter-surety agreement by Tanzania’s National Insurance Corporation (NICT) to join the COMESA Regional Transit Guarantee (RCTG) scheme thereby allowing the country to issue regional customs bond guarantees. The RCTG Scheme is a customs transit…

Kenya Market Watch May 11th 2015: Kenya NSE Index lost 28.23 points…

Posted on by The Editorial Team

The Nairobi Security Exchange top 20 (NSE 20) Index declined by 28.23 points to close at 5,042.52 points today. Likewise, the Nairobi All Share Index went down by 0.82 points to close at 170.65 point with total market capitalization at KES 2,387.19 billion. The market sentiment was negative today (measured as the market breadth: – advancers/decliners ratio) with 17 advancers and 22 decliners.The top market gainer was Crown Berger gaining 9.42 percent to close at…

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