NSE brings six banks on board ahead of derivatives market launch The Nairobi Securities Exchange (NSE) has signed up six commercial banks to act as clearing members ahead of the upcoming trade in derivatives. NSE said the banks have been brought on to handle the Central…

Mumias share price up on Comesa safeguards extension Mumias Sugar Company shares at the Nairobi Securities Exchange (NSE) rose 6.7 per cent Tuesday following the extension of the Common Market for Eastern and Southern Africa (Comesa) quantitative safeguards that give a lifeline to the industry for…

Growth in housing market cooling off, says KBA Prices of property increase marginally in the second quarter of the year amid rising inflation and tight liquidity.The property market is showing signs of cooling off with house prices only rising marginally in the second quarter of…

Banks seek to knock out class action suit at Supreme Court Commercial banks have launched a fresh assault in their protracted battle against a potentially devastating class action suit in which hundreds of their clients are seeking compensation for interest rates charged on loans without the…

Safaricom share priced ‘above market peers’ Investment bankers at Citi Global Markets are indicating that the Safaricom stock at the Nairobi Securities Exchange (NSE) is trading at a premium compared to peers in emerging and frontier markets. Analysts have changed their recommendation from the “buy” made in January this…