Nairobi Securities Exchange (NSE) News

Nairobi Securities Exchange to issue gold ETF

Kenya's Capital Markets Authority approves listing of first ETF

Kenya’s first ETF, which will track the price of gold, will be issued by NewGold Issuer (RF) Limited, which is incorporated in South Africa.

Geoffrey Odundo, CEO, Nairobi Securities Exchange. Credit: marcopolis.net

Nairobi Securities Exchange to start offering ETFs in diversification drive

The Nairobi Securities Exchange expects its first exchange traded fund (ETF) to be approved by the regulator this year and trading to start soon after.

Nairobi, Kenya. Credit: investinginafrica.net/Ninara

Kenya's top three dividend stocks

Dividend stocks can provide a great foundation for an investment portfolio.

James Mwangi, CEO, Equity Bank (L); James Mworia, CEO, Centum Investment Group; Bob Collymore, CEO, Safaricom

Centum's James Mworia beats Mwangi, Collymore as Kenya's best paid CEO

James Mworia, Centum Investment Group’s Chief Executive, is corporate Kenya’s best paid CEO with an annual compensation of Sh201.1 million (Approximately $2 million).

How to begin investing on the Nairobi Securities Exchange

How to begin investing on the Nairobi Securities Exchange

Kenya boasts a diverse economy, improving infrastructure, and a young, dynamic population. However, Kenyan stocks are trading at multi-year lows, offering investors a great entry point for exceptional long-term returns.

Safaricom & M-PESA - An African Growth Story

Safaricom & M-PESA - An African Growth Story: Peter C. Thoms, CFA, Founder, Africa Capital Group

One of the larger holdings in our Africa strategy is Safaricom, the dominant mobile communications provider in Kenya.

Julius Kipng'etich, CEO, Uchumi Supermarkets

Uchumi Supermarkets of Kenya mulls expansion in Nigeria, Ethiopia & the DRC

Uchumi Supermarkets Ltd., Kenya’s only publicly traded retail chain, is considering starting operations in Nigeria, Ethiopia and the Democratic Republic of Congo after reorganizing its East African operations, Chief Executive Officer Julius Kipng’etich said.

Abacus launches Nairobi Stock Exchange Android app. Credit: techcabal.com

Abacus launches Nairobi Securities Exchange Android app

Abacus is a web and mobile software that lets you keep tabs on whatever is going on with the Nairobi Securities exchange in real time.

Abidjan, Ivory Coast

Concrete strides: Sub-Saharan Africa's infrastructure potential

For this West African city of more than 4.7 million people, the bridge to a better economy starts with an actual bridge.

Two Rivers, Nairobi, Kenya: The development is a wholly-owned subsidiary of Centum.

Centum Investment Company - Building Value in Kenya: Ryan Hoover, Investment Analyst, Africa Capital Group

It’s gut check time for Kenya investors. The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax.

Africa Exchange Guide 2015 - African Alliance

Africa Exchange Guide 2015: African Alliance Capital Markets (Presentation)

Here is general information on exchanges across Africa, including: currencies, time zones, trading hours, open days, market operation, settlement, trading lot sizes, public holidays, monetary policy, taxation & indices. The guide was compiled by African Alliance.

Mauritius plans trading platform to hedge African currencies against US dollar

Mauritius plans trading platform to hedge African currencies against US dollar

Mauritius plans to launch a trading platform to hedge African currencies against the U.S. dollar, part of a bid to expand its role as a financial hub for the continent, the financial services minister said.

Stanlib Kenya REIT to raise $120M in IPO

Stanlib Kenya REIT to raise $120M in IPO

Stanlib Kenya Ltd. intends on raising up to $120m (12.5 billion Shillings) before November for the initial public offering (IPO) of what will be Kenya’s flagship Real Estate Investment Trust (REIT).

Kenyans to trade government bonds from their mobile phones

Kenyans to trade government bonds from their mobile phones

Kenyans will soon be able to buy fixed-income government bonds from their mobile phones, a move that will deepen access to financial services in east Africa’s biggest economy while also giving Treasury a cheaper source of funding.

Cross listing of ETFs on Johannesburg, Lagos and Nairobi stock exchanges coming soon

Cross listing of ETFs on Johannesburg, Lagos and Nairobi stock exchanges: Coming soon

Discussions are currently underway between market participants in Nigeria, Kenya and South Africa to launch the cross listing of Exchange Traded Funds (ETFs).

Johannesburg Stock Exchange (JSE)

Stock exchanges in South Africa, Kenya, and Nigeria plan more ETF cross-listings

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.

Tusker Lager is one of the beverages brewed by East African Breweries

Kenya's East African Breweries says $54M medium-term note oversubscribed

Kenya’s East Africa Breweries Ltd (EABL) said on Tuesday the first tranche of medium-term note it issued in March to raise 5 billion shillings ($54 million) was oversubscribed, attracting 9.05 billion shillings in bids.

Jeff Odundo, CEO, Nairobi Securities Exchange

Nairobi Securities Exchange will start trading derivatives from the 2nd quarter of 2015: Jeff Odundo, CEO, Nairobi Securities Exchange

The Nairobi Securities Exchange (NSE.NR) will work with three banks to set up a clearing house for its planned offering of derivative instruments from the second quarter of this year, its chief executive said on Friday.

IPO Watch Africa 2014 - PwC

IPO Watch Africa 2014: PwC (Infographics & Report)

IPO Watch Africa surveys all new primary market equity IPOs and FOs in which capital was raised on Africa’s principal stock markets and market segments, as well as IPO and FO activity of African companies on international exchanges, on a yearly basis.

The eight best-performing African stock markets in 2014

The eight best-performing African stock markets in 2014 (Infographic)

The eight best-performing African stock markets in 2014.

Garden City Mall, Nairobi, Kenya (Illustration)

The scramble for Kenya's growing middle class: Blitz of mall developments hits Nairobi (Photos)

Nairobi’s shopping landscape is changing drastically with the ongoing construction of several malls and hotels within the city – all scrambling for the attention of the city’s growing middle class.

Johannesburg Stock Exchange (JSE)

Taking the temperature of Africa's stock markets

Specialised benchmark index maker S&P Dow Jones Indices has sliced up African markets to see which regions and countries have delivered the strongest performance this year.

Top Ten Most Active Stock Markets in Africa 2014

The top 10 most active stock markets in Africa in 2014 (Infographic)

An infographic of the the top 10 most active stock markets in Africa, by average weekly trading volume, in 2014.

Chris Kirubi, Chairman of Centum Investment Company

Kenya's Centum to sell insurance firm stake to Old Mutual

Kenya’s Centum Investment Company said it had agreed to sell its 13.75 percent stake in regional insurance firm UAP Holdings to Anglo-South African financial services company Old Mutual.

Nicky Newton-King, CEO, Johannesburg Stock Exchange (JSE)

African Women To Watch: Capital Markets (Video)

Stock markets across Africa have made steady progress across the last decade. Since 2002, Africa’s five leading exchanges have tripled the combined market capitalization of listed companies.

Uchumi, Garden City Mall, Kampala, Uganda

Kenya's Uchumi raises 896M shillings ($10M) in oversubscribed rights issue for regional expansion

Kenya’s Uchumi Supermarkets has raised 895.8 million shillings ($9.89 million) in an oversubscribed rights issue to expand its operations in the east African region.

A stock broker transacts shares during a trading session at the Nairobi Securities Exchange in Kenya’s capital Nairobi January 11, 2012.

Kenya to cross-list $2B Eurobond on the Nairobi Securities Exchange

Kenya plans to cross-list its $2 billion Eurobond on the Nairobi bourse in a move that will allow more Kenyans to have access to the bond, Deputy President William Ruto told an investment conference on Monday.

Brand Africa 100 - 2014

Fact of the Day: MTN is the most valuable brand in Africa - Brand Africa announces top 100 brands in Africa for 2014

The annual ranking of the most admired and most valuable brands in sub-Sahara Africa, Brand Africa 100, was announced earlier today at the Nairobi Securities Exchange, in Nairobi, the capital of Kenya.

Nairobi Securities Exchange (NSE)

Kenyan capital markets to start trading asset-backed securities, commodities, and derivatives

Kenya plans to offer asset-backed securities on its capital market with local governments raising funds for projects and banks fashioning their mortgages into securities, the market’s regulator said on Friday.

Africa's rising middle class

Africa's burgeoning middle class causing boom in consumerism (Video)

Africa’s burgeoning middle class is providing a boost in demand for consumer goods.

Johannesburg Stock Exchange (JSE)

More African companies seek exchange listings

South Africa may have lost its title as Africa’s largest economy to west African powerhouse Nigeria, but it outstrips the rest of the continent in terms of the size and depth of its capital markets, the scale of its corporate sector and the development of its infrastructure.

Olkaria -Geothermal- Power Plant

Kenya's Biggest Challenge: Power Generation

Kenya, a visually stunning country of 45 million people, is blessed in many ways. It has the largest and most advanced economy in East Africa along with the best ICT (Information and Communications Technology) infrastructure of any country in the region.

Nairobi Securities Exchange (NSE)

Nairobi Securities Exchange (NSE) IPO raises $7M for expansion

The Nairobi Securities Exchange (NSE) has raised 627 million Kenyan shillings ($7.1 million) for expansion in an oversubscribed initial public offering as part of plans to demutualise the bourse.

Nairobi Securities Exchange (NSE)

Nairobi Securities Exchange Valued at 1.84B Shillings ($21M) for IPO

Kenya’s stock exchange will be valued at 1.84 billion shillings ($21 million) after listing its shares in an initial public offering, Chief Executive Officer Peter Mwangi said.

Bethlehem Tilahun Alemu, CEO, SoleRebels

10 Young African Millionaires To Watch in 2014

Building a million-dollar business is hard enough.

Equity Bank

Fact of the Day: Kenya's Equity Bank is Africa's largest bank by customer base

With a customer base in excess of 8.7 million, Equity Bank is the largest bank in Africa by customer base.

Nairobi Securities Exchange

Nairobi Securities Exchange Plans to Sell 31% of Shares in IPO

The Nairobi Securities Exchange said it will sell 31 percent of its own shareholding in the bourse after receiving regulatory approval, aiming to complete the sale during the second half of this year.

Nigerian Stock Exchange (NSE) All-Share Index (ASI)

The Nigerian Stock Exchange flies with help from MSCI

Nigeria is receiving a large influx in foreign portfolio flows in spite of investors’ unease following the terror campaign of Boko Haram, after a closely-tracked index provider increased significantly the weighing of Africa’s largest economy.