Nairobi Securities Exchange |

Kenya Airways CEO Shrinks Board in Bid to Return to Profit

NAIROBI (Capital Markets in Africa) – Kenya Airways Limited is thinning out its board as part of an effort to return sub-Saharan Africa’s third-biggest airline to profit, Chief Executive Officer Sebastian Mikosz said. The carrier is implementing changes to its management structure that will “significantly” reduce the number of managers and direct reports to the CEO, Mikosz said Tuesday in an emailed response to questions. The adjustments are also aimed at making staff more accountable and some employees…

Infrastructure | Africa’s longest running Public Private Partnership conference comes back to London

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LONDON, UK, Capital Markets in Africa: The 8th Africa Public Private Partnership Conference and Showcase (APPP) will once again be held in London due to popular demand and will showcase investment opportunities and planned infrastructure development projects from across Africa. Organised by AME Trade, the event will take place from the 24 – 26 October 2016 at the Radisson Blu Hotel, London, UK building on the success of the previous editions. Over the past 7…

Kenya’s Benchmark Stock Index Poised for Gains on Golden Cross

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NAIROBI, Kenya, Capital Market in Africa — Kenya’s benchmark equity index is set to extend gains as falling yields on government debt prompt investors to seek better returns in stocks. The 50-day moving average for the Nairobi Security Exchange All Share Index climbed above the 200-day moving average this week for the first time since 2012, a so-called golden cross that signals to some traders that further gains are in store. Yields on government 164-day paper have…

Kenya Equity Markets | 02 Nov 2015: Nairobi Equity trading opens in red, investors lose US$47 million …

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Nairobi, Kenya Capital Markets in Africa — The Nairobi Securities Exchange began the week and November on a negative and bearish sentiment. The equity market capitalization closed at KES 1,926 billion by dropping KES 4.83 billion (c.US$47 million) or 0.25 percent from the market capitalization of KES 1,932 billion recorded at the previous trading session. The Nairobi All Share Index fell by 0.25 percent or 0.35 points to end at 136.93 points and the Nairobi Securities Exchange (NSE20)…

Kenya Equity Markets | 29 Oct 2015: Positive momentum stays on, All Share index ends higher …

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Nairobi, Kenya Capital Markets in Africa — The equity market capitalization ended at KES 1,942 billion by adding KES 1.25 billion (c.US$12 million) or 0.06 percent from the market capitalization of KES 1,941 billion recorded at the previous trading session. The Nairobi All Share Index surged by 0.06 percent or 0.08 points to end at 138.07 points but the Nairobi Securities Exchange (NSE20) index sagged by 21.75 points or 0.56 percent to close at 3,884.13 points. NSE 25…

Kenya Equity Markets | 28 Oct 2015: NSE All Share, Market Cap higher but NSE 20, NSE 25 Index lower …

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Nairobi, Kenya Capital Markets in Africa — At the end of Wednesday’s trading session, the equity market capitalization ended at KES 1,941 billion after gaining KES 1.82 billion (c.US$18 million) or 0.09 percent from the market capitalization of KES 1,939 billion recorded at the previous trading session. The Nairobi All Share Index surged by 0.09 percent or 0.13 points to end at 137.99 points but the Nairobi Securities Exchange (NSE20) index plunged by 7.63 points or 0.19 percent…

Kenya Equity Markets | 27 Oct 2015: Bear reigns on NSE equity market, All Share index 30bps down …

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Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange continued to walk toward the southern region at the end of Tuesday’s trading session. The equity market capitalization ended at KES 1,939 billion after dropping KES 6 billion (c.US$59 million) or 0.31 percent from the market capitalization of KES 1,945 billion recorded at the previous trading session. The Nairobi All Share Index declined by 0.30 percent or 0.42 points to end at 137.86 points and the Nairobi Securities…

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