Switch auction involves a transaction that exchanges securities held by investors with selected bonds. The transaction is majorly used to increase liquidity in the debt securities market.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
According to the regulator, goods exports have remained strong, growing by 13.9 per cent in the 12 months to September 2022 compared to a similar period in 2021.
An interim dividend of Ksh.6 per share declared.
Liquidity in the money markets tightened, with the average interbank rate increasing to 4.4% from 4.2%
Remittances represent an important source of foreign exchange and support many livelihoods.
The AELP, a flagship project of the African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB), aims to facilitate cross-border trading among seven participating exchanges and select broker firms.