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Browsing: Nairobi Securities Exchange (NSE )
- 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 …
WPP ScanGroup, a marketing and communications company, has reported a loss of 47.1 million shillings (US$393,648.14 ) for the half year that ended in June 2022.
- WPP ScanGroup has reported a loss of 47.1 million shillings (US$393,648.14 ) for the half year that ended in June 2022
- This is a significant drop from the 31.4 million shillings (US$262,432.09) profit that the company reported for the same period in 2021
- The poor performance may be attributed to a drop in net revenues of 6.1 per cent year over year
- The company stated that “the bottom-line was pulled by an 11.0 per cent jump in tax charge to Sh56.7million (US$468,045.75),” which contributed to the negative results
This is a significant drop from the 31.4 million shillings (US$262,432.09) profit that the company reported for the same period in 2021.
The poor performance may be attributed to a drop in net revenues of 6.1 …
- 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 …
The onset of Covid-19 brought numerous economic challenges to the region. Significantly affected are the barometers of the economy which are mainly the securities markets as well as money markets. The manner in which these two react clearly depicts where the economy is headed. When Covid-19 descended on the region, the regional markets were the first ones to show, responding to the decline of global shares in known markets like New York Stock Exchange, London Stock Exchange and similar markets in Europe, Asia and Africa.
In East Africa, the main markets are Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange (DSE), Uganda Stock Exchange (USE) and Rwanda Stock Exchange (RSE). The NSE and DSE are both automated while the USE and RSE are still manual using the open-outcry trading system. Unlike the other three Partner States, Uganda also has an over-the-c