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Browsing: Nairobi Securities Exchange (NSE )
- Rising volatility in Kenya’s Fixed Income Market derives from a combination of global and domestic factors.
- The yield curve soared fastest at the head and upper belly of the curve, rising by a cumulative 661bps on the three-month treasury bill.
- There is hope as it is anticipated, that a rebound in trading activity will happen in 2024.
The Kenyan Fixed Income Market displayed remarkable flexibility last year to experience one of the most rapid annual increases in yields resulting in a notable inversion of the effective yield curve.
According to financial experts, the rising volatility in the fixed income space derives from a combination of global and domestic factors.
On the external front, the rapid monetary policy tightening in 2022 and 2023 led investors to price-in bearish capital gain expectations for bonds.
On the domestic front, the rising concerns around fiscal sustainability indicators, coupled with an elevated inflationary regime in …
- Despite increased market volatility compared to the previous quarter, the outflows remained relatively low, under one percent.
- To address liquidity challenges, the Capital Markets Authority plans to collaborate with key market stakeholders.
- Increase in interest returns from Government securities continues to shift investments away from the domestic equities market.
Foreign investors in Kenya cut their equity outflows in the capital markets by $87 million in the three months to June as the market showed signs of gradual recovery from the impact of high interest rates and global shocks.
In the quarter, foreign investors withdrew $10.5 million, a significant decrease compared to the $98 million net outflow seen in the first quarter. Despite increased market volatility compared to the previous quarter, the outflows remained relatively low, remaining below one percent.
In Kenya, there are still some risks associated with foreign investors’ flight, said Luke Ombara, the Director for Policy & Market …
- Kenya Power is at the center of electric motorization as it has to ensure adequate and reliable electricity supply to spur the growth of this nascent industry.
- GIZ is keen to help Kenya develop a framework that will support a coordinated approach toward the implementation of electric motorization in the country.
- Kenya Power has already announced plans to phase out fossil fuel-powered vehicles and motorbikes from its fleet in favour of electric-powered ones.
Kenya’s ambitious goal to expand the Electric Vehicles (EVs) market has received backing from the Germany government, in what could help the East African nation fast-track adoption of the environmentally friendly units.
More than 300 experts drawn from the energy, finance, and transport sectors, as well as county governments, development partners, and the private sector will meet in Nairobi for an e-mobility conference scheduled for February 7-8. The forum will focus on the road map for electric …
- Nairobi Securities Exchange (NSE) has launched day trading, allowing investors to buy and sell securities multiple times in a single day
- The NSE will also use day trading to deepen capital markets when turnover and trading activity have remained flat in recent years
Kenya’s Nairobi Securities Exchange (NSE) has achieved a massive milestone after launching day trading, allowing investors to buy and sell securities multiple times in a single day.
The move by the NSE will also increase liquidity at the exchange.
“Day trading means the buying and selling or selling and buying of shares of the same security on the same account on the same day. Day trading is also called intraday trading,” NSE says on its website.
The Central Depository and Settlement Corporation (CDSC) handles trades under day trading, which provides clearing, settlement, and depository services for listed securities.
According to a report filed by Reuters, the Nairobi …
The Uganda Securities Exchange (USE) in partnership with MTN Mobile Money Uganda has launched a digital service to facilitate convenient Securities Central Depository (SCD) account opening, using the MTN Mobile Money platform.
In a statement, the partners said deal is envisaged to simplify the process of opening an SCD account, which is a requirement for individual investors to participate in the securities market.
While launching the digitized SCD account opening service Paul Bwiso, the Chief Executive Officer of the Uganda Securities Exchange noted that the new digital SCD account opening platform will bolster participation of the everyday Ugandan in the country’s stock market.
He added that the move will allow more people to open their SCD accounts remotely and subsequently be able to invest in any of the companies and debt instruments listed on the USE.
“Since embarking on its digital transformation journey in 2015, USE had been intentional about …
