Kenya’s stock exchange failed to open for business Monday morning due to system failure. The Nairobi Securities Exchange (NSE) in a notice said the delay was due to “Challenges experienced by a dependent system of the Automated Trading System (ATS).” Trading resumed in the afternoon from 1:20 pm. On Friday, the market closed with foreign investor participation accounting for 78.0 percent of total market turnover from 59.2 percent from Thursday’s close. The equities market was on an upward trend with NASI, NSE 20 and NSE 25 gaining by 2.9 percent, 1.5 percent, and 2.7 percent, respectively, due to large-cap stocks…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Eddie Njoroge has been elected as the President of the International Organisation for Standardisation (ISO). Njoroge will be President-elect during 2019 as he works hand in hand with President John Walter before his term becomes effective from 2020 to 2021. https://twitter.com/isostandards/status/1045669502430715904 He is committed to increasing and deepening developing countries’ engagement in the ISO activities so that the nations exploit the full value of international standardization, in particular on the Sustainable Development Goals (SDG). https://twitter.com/KEBS_ke/status/1045699385290633218 https://twitter.com/rebecca_miano/status/1045701891978678272 Njoroge is the former CEO of Kenya Electricity Generating Company (KenGen), where he spearheaded the transformation of the company from a parastatal to a…
Kenya’s economy expanded 6.3 percent year-on-year in the second quarter of 2018 from 4.7 percent in the same period in 2017, according to the latest data by the Kenya National Bureau of Statistics (KNBS). “The growth was against a backdrop of a fairly stable macroeconomic environment and favorable weather conditions. During the review period, the country experienced heavy rains that impacted positively on most of the agricultural and generation of hydroelectricity activities,” said the statistics body. In the review, the agriculture, and electricity and water supply recorded significant improvements to grow by 5.6 percent and 8.6 percent compared to growths of 0.8…
Kenya’s inflation in September rose to a 10-month high of 5.7 percent from 4.04 percent a month earlier as a result of rising fuel, transport, and food prices, the Kenya National Bureau of Statistics said on Friday. “This was mainly on account of increase in the pump prices of petrol and diesel which triggered an increase in prices of other transport components,” said KNBS in a statement. On a monthly basis, inflation was 1.02 percent from 0.31 percent in August. The Transport Index rose 7.99 percent from a month earlier and was up 17.29 percent when compared with September 2017…
Classic cars, trendy fashion, family fun and great business networks is what will be the hallmark during the 48th Edition of CBA Concours d’Elegance slated for September 30, 2018 at the Ngong Race Course. This annual series has been organized by the Alfa Romeo Owners Club themed “Aladdin and the Magical Rides”. This year’s entries include a 1968 Buick Riviera that has a seven litre engine, eight cars made before 1940, three Rolls Royce and four motorcycles made on and before 1960. Spectators will get to check out the 1925 Triumph motorcycle entered by Dominique Antoine. Peter Giraudo will also…
Ethics is not a financial term and conjures up different images and responses by for different people and different responses. Some in the audience may be thinking: of course, my institution is highly ethical—we have rules! Our legal team always ensures that we comply with all laws and regulations! We won a governance award the other day! Our values are printed and displayed in our headquarters! Our email signature tells the world that we are guided by good principles! Even more, we are renowned for training our staff rigorously on our code of conduct! While all these may be related…