Browsing: Nairobi Securities Exchange (NSE)

• Satrix has listed its MSCI World Feeder ETF on the Nairobi Securities Exchange at $5.89 (KES 761) per unit, enabling Kenyan investors to access global equity markets.
• The ETF, tracking the MSCI World Index, aims to diversify portfolios and enhance the NSE’s global visibility.
• This move, supported by Absa Bank Kenya, marks a significant step in internationalizing Kenya’s capital markets.

Satrix, a giant in South Africa’s index-tracking investment sector, has announced the secondary listing of its MSCI World Feeder ETF on the Nairobi Securities Exchange (NSE) at $5.89 (KES761) per unit. This development, unveiled on July 16, 2025, opens a new chapter for Kenyan investors, granting them unprecedented access to global equity markets.

The listing extends Satrix’s reach into African markets, offering a diversified investment vehicle that tracks the MSCI World Index, a benchmark of large and mid-cap stocks across developed nations.

The Satrix MSCI World Equity Feeder ETF, already …

• On Wednesday, the investment holding company headquartered in Kenya reported a full year profit after tax of $4.5M (KES580M) for the period ended December 2024.
• This is from a loss of $24.7M (KES3.2Bn) in 2023, underscoring a successful turnaround of the business.
• This outstanding performance is attributed to sustained revenue growth momentum, margin expansion, cost containment, balance sheet clean-up and prudent foreign currency exposure management.

Nairobi-based regional infrastructure investment company TransCentury has bounced back to profitability following a major turnaround strategy. The Nairobi Securities Exchange (NSE) listed firm first returned to profitability in the first half of 2024, recording a net profit of $2.9 million (KES375 million), a significant turnaround from a loss of $12.8 million (KES1.66 billion) in the same period a year earlier.

On Wednesday, the investment holding company headquartered in Kenya reported a full year profit after tax of $4.5 million (KES580 million) for the period ended …

• Investors at the Nairobi Securities Exchange (NSE) lost $263.5 million (Sh34 billion) in paper wealth in the three months to September 2024.
• The volume of shares traded decreased slightly by 0.65% to 1.092 billion compared to 1.097 billion in Q2 2024.
• In the bond market, the turnover decreased by 29.37%, with Sh323.61Bn traded in Q3 compared to Sh458.2Bn in prior quarter.

Investors at the Nairobi Securities Exchange (NSE) lost $263.5 million or Sh34 billion in paper wealth in three months to September as the country recovered from shocks of the bloody Gen Z protests in June. The third quarter Statistics released by the Capital Markets Authority shows the market capitalisation at the Nairobi bourse dropped by 2.01 per cent during the period to Sh1.67 trillion from Sh1.71 trillion.

The $263.5 million drop in paper wealth is, however, lower than the $410.7 million (Sh53 billion) hit suffered in the three months …

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• EABL recorded strong topline and operating profit growth in a challenging market.
• Net sales totaled $958.3 million, up from $846.3 million in the FY ended June 2023, as the brewer defied tough macroeconomic conditions and evolving microeconomic factors.
• Profit after tax dropped to $84.2 million, down from $94.9 million last year.

East African Breweries PLC (EABL) has reported a 12 per cent drop in net profit for the fiscal year that ended June 30, 2024, as significant increases in interest rates and currency devaluation ate into the group’s earnings. East Africa’s …

• From January to March, investor confidence improved notably due to the stabilisation of the domestic currency (Kenyan Shilling), according to the Capital Markets Authority (CMA).
• The Capital Markets Soundness Report indicates a more stable shilling, which consequently positively influenced the equity markets, which improved compared to the quarter ending December 2023.
• The four market indices, NSE20, NSE25, NASI, and NSE10, closed at 1752.43, 2975.42, 113.09, and 1155.41 points respectively, an increase from 1,501.16, 2,380.23, 92.11, and 907.51 points.

Kenyan shilling on the rise

Nairobi Securities Exchange (NSE) was among the top African performers in the first quarter of 2024, buoyed by improved investor confidence that reduced outflows.

From January to March, investor confidence improved notably due to the stabilisation of the domestic currency (Kenyan Shilling), according to the Capital Markets Authority (CMA).

The Capital Markets Soundness Report for the period under review indicates a more stable shilling, which consequently positively …

• Kenya’s equity market has received an upgrade on its classification by the FTSE Russel Index from “Restricted’ to “Pass” on the repatriation of capital and income.
• This development partly indicates that Kenya is now a maturing market, characterised by increased transparency, liquidity, and a growing investor confidence.
• Across Africa, data shows that an estimated $700 million was reported held in 11 African countries, with Nigeria accounting for the lion’s share.

FTSE Russell, a global provider of analytics, benchmarks and data services, has endorsed the Nairobi Securities Exchange Plc (NSE), ushering a new era in Kenya’s financial services industry. The NSE has announced that as of March 2024, the Nairobi bourse has been reclassified by the FTSE Russell Governance Board, moving from a “restricted” to a “pass” status.

This pivotal change is not just a mark of progress, but a move to underscore the resilience and strategic navigation of the Kenyan …

• East African Cables is a private limited liability company incorporated in mainland Tanzania. It manufactures extensive cables for domestic and industrial lighting and power electricity transmission.
• The sale is subject to regulatory and shareholders’ approval.
• Upon completion of the sale, EAC Tanzania will cease being a subsidiary of the company.

Msufini Tanzania Limited (MTL), a chlorine and sodium hydroxide manufacturer, is set to buy a majority stake in East African Cables’s Tanzanian subsidiary if regulators and stakeholders approve an agreed deal between the two firms.

East African Cables, which is listed on the Nairobi Securities Exchange, has entered into a share purchase agreement with Msufini for the sale of 16 218,000 ordinary shares at a value of Tsh10, constituting 51 per cent of the issued share capital of East African Cables (Tanzania) Limited.

East African Cables is a private limited liability company incorporated in mainland Tanzania. It manufactures extensive …

• The Kenyan shilling has made a strong turnaround against the US dollar this week,
• Last Tuesday, Kenya successfully raised $1.5 billion from its Eurobonds buyback offer initiated on February 7, reducing the chance of defaulting payment on its $2-billion-dollar debt due in June.
• East Africa’s most robust economy plans to use the funds to repay its debut Eurobond issued in 2014.

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• The latest Nairobi Securities Exchange monthly Barometer shows month-on-month growth comparing January this year and December last year, with prospects looking much better after a bear run last year.
• Market capitalisation increased by 0.08 per cent in January to $9.11 billion from $9.05 billion in December 2023.
• The NSE 20 and NSE 25 Share Index recorded increases in activity of 0.89 per cent and 1.32 per cent, respectively, while the All-Share Index experienced a 0.08 per cent increase.

Nairobi Securities Exchange showing recovery signs

Kenya’s capital market is showing a sign of recovery this year, with the Nairobi Securities Exchange (NSE) recording a gain in January, albeit minimal, as large stocks pay investors.

This is despite interest rates in advanced economies remaining high into 2024, a trend that has seen foreign investors focus on home markets, mainly the United States.

The latest NSE monthly Barometer shows month-on-month growth comparing January …