Tag Archive for 'Nairobi Securities Exchange'

Africa IPO round-up

Roundup of some recent initial public offers (IPOs) of shares which raised capital for businesses listed on Africa’s stock exchanges.

Kenya’s revolutionary mobile phone M-Akiba bond on 21 Oct

Kenya’s National Treasury will float a KES5 billion ($48.6 million) M-Akiba 5-year infrastructure bond on 21 Oct which will only be purchased through mobile-phone platforms. The minimum investment will be KES3,000 ($29.13) . The bond works with M-Pesa mobile money solutions where 23m Kenyans have accounts.

Capital markets course offered in Nairobi

The Nairobi Securities Exchange is calling for applicants for a “certified capital markets specialist” course, to be held on 16-20 March at a hotel. Registration has been extended to 10 March.

Dar es Salaam Africa’s top stock exchange to 31 Jan

Tanzania’s Dar es Salaam Stock Exchange topped the performance list for the 12 months to 31 Jan in USD, managing a 27% climb and beating the S&P 500 index which rose 11.9%.

“Jeff” Otieno Odundo new head for Nairobi Securities Exchange

Geoffrey “Jeff” Otieno Odundo will be the Chief Executive of the Nairobi Securities Exchange (NSE), effective from 1 March 2015.

East African securities exchange integration – what’s on in 2015

Securities exchanges in East Africa are working together on infrastructure for tighter cooperation and links between Rwanda, Kenya, Uganda and Tanzania and potentially Burundi through the East African Securities Exchanges Association (EASEA).

Nairobi securities exchange prepares for derivatives market launch

The Nairobi Securities Exchange is working to launch a derivatives market, including product and contract specifications, and public education, following the news on 19 Dec that the Capital Markets Authority granted a provisional licence and approved the NSE’s Derivatives Exchange Rules

9 reasons Africa tops investment agendas

9 reasons Africa tops investors’ agenda, Eddy Njoroge told African Securities Exchanges Association, include: economy to rise from $1.1trn to $3.9trn in 5 years, the fastest-growing middle class (from 123m to 1.1bn), population to double to 2.4bn, and record $80bn of foreign investment.

Nairobi SE appoints Andrew Wachira as acting CEO

The Board of Directors of the Nairobi Securities Exchange appointed Andrew Wachira as the Acting CEO of the exchange, effective from 1 Oct 2014. Peter Mwangi left on 30 Sept.

Nairobi SE trades bonds on new automated trading system

The Nairobi Securities Exchange went live trading government and corporate bonds on an automated trading system, marking another step into Africa for South Africa’s financial software development company Securities Trading & Technology Pty (STT).