Browsing: Nairobi Securities Exchange(NSE)

Kenya’s Capital Markets Authority (CMA) has for the fifth year been feted as the ‘Most Innovative Capital Markets Regulator in Africa 2019’ by the International Finance Magazine.

This is in recognition of its ongoing efforts to facilitate innovations in the capital market in Kenya, East Africa’s economic powerhouse.

READ ALSO:Another feather on Kenya’s Capital Markets Authority as London applauds

“The Authority is pleased to receive this recognition for the fifth consecutive year from this respected publication, which is a testament to the authority’s commitment to supporting innovation as a catalyst for transformative growth of the capital markets,’ said CMA Chief Executive Paul Muthaura.

At the core of its strategic objectives, CMA aims to leverage technology to drive efficiency in the capital Markets value chain.

“We target to effectively balance robust regulatory and compliance requirements with the objectives of market deepening and growth.   This involves consistent evaluation of regulatory approaches …

The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported.

The group’s profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018.

This was occasioned by an 18 per cent decrease in revenues mainly driven by a 28 per cent drop in equity turnover which declined from Ksh108.5 billion for the six months ended 30 June 2018 to Ksh78.1 billion for the six months ended 30 June 2019.

READ:Bear run continues at NSE with drop in key index

This in turn led to a reduction in equity trading levies by 28 per cent from Ksh259.9 million for the six months ended 30 June 2018 to Ksh187.5 million for the six months ended 30 June 2019.

“The decline in the equity turnover was as a result of low …

Kenya Airways has reported its half-year performance for the half-year to June 30 amid losses at the national carrier.

KQ, as it is known by its international code, posted a Ksh8.563 billion loss for the period, a slip from Ksh4.035 billion in a similar period.

READ:Kenya airways in trouble as loss deepen to US$74 million

This came as total operating costs jumped 15.5 per cent to Ksh61.5 billion from Ksh53.2 billion, a move that eroded gains made in total income which increased to Ksh58.6 billion during the period.

This was up from Ksh52.2 billion income realised in a corresponding period last year.

“Some of these losses can be attributed to the return in to KQ service of two Boeing 787’s that were on sub-lease to Oman Air, investment in new routes and adoption of the new International Financial Reporting Standard (IFRS 16),” KQ chairman Michael Joseph told investors …

Diamond Trust Bank (DTB) has posted a 9.4 per cent growth in net profit for the first quarter ended March, buoyed by returns from investment in government securities and non-funded revenue.

The Nairobi Securities Exchange (NSE) listed lender closed the period with a Ksh1.97 billion profit after tax compared to Ksh1.80 billion posted last year.

The Group defied a tough operating environment to build customer deposits to Ksh275 billion, while the asset base grew to Ksh370 billion, entrenching the DTB’s position as a leading tier one bank in Kenya and the wider East African region.

On the back of an industry-wide subdued growth in loans, the group’s investment in Treasury Bills and Treasury Bonds grew to Ksh124 billion at the end of March 2019, compared to Ksh118 billion at the same time last year.

DTB’s non- performing loan book declined marginally to Ksh12.4 billion, from Ksh13.2 billion a year earlier, …