Capital Markets Authority

MTN Uganda

CMA Grants MTN Uganda Consent to Market its IPO to Kenyan Investors

Capital Markets Authority (CMA) has granted  MTN Uganda permission for its Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and Retail Investors following the opening of the offer in Uganda on 11th October 2021. The marketing in Kenya is spearheaded by SBG Securities, and Dyer …

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Cytonn CMA

CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients

The Capital Markets Authority (CMA) has directed Cytonn Asset Managers Limited, a licensed fund manager, to stop signing new clients immediately. This is until it changes the names of its business and related products. The regulator says the move seeks to enhance investor protection and confidence in the integrity of the capital markets. The Authority …

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CMA and KEPSA sign MoU to support MSMEs in uptake of capital market products

The Capital Markets Authority (CMA) has signed a Memorandum of Understanding (MoU) with the Kenya Private Sector Alliance (KEPSA) to support market deepening and leveraging capital market products to catalyse growth in line with the Big 4 Agenda and Sustainable Development Goals. The MoU aims to ensure that many of the MSMEs affected by the COVID-19 …

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CMA Markets

Market Capitalization Increases by 20.88 % in Q1 2021.

Market performance at the Nairobi Securities Exchange has shown considerable improvement on both equities and bonds according to data from the Capital Markets Authority Quarterly Statistical Bulletin. The Authority said Market capitalization increased by 20.88% to Kes. 2.44 trillion registered in Q1. 2021 from Kes. 2.01 trillion in Q1. 2020. This same trajectory was also …

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WPP Scangroup CEO

WPP Scangroup Shares Drop 7.7% as CEO Bharat Thakrar is Suspended Over Gross Misconduct Allegations

Bharat Thakrar, the Chief Executive Officer of listed marketing firm WPP Scangroup, and his Chief Finance Officer Satyabrata Das have been suspended by the company’s board. The Board of Directors said on Friday, the suspension is to allow for investigations into allegations of gross misconduct and possible offences in their capacity as senior executives and …

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Centum top shareholder, Chris Kirubi

Chris Kirubi Buys more Centum Shares Valued at Kes 92 Million, Raising Stake by 20%.

Centum Investment Company has sold 20% of its shares with a current market value of Kes 92.2 million, to billionaire investor Chris Kirubi, raising his stake in the Nairobi Securities Exchange listed firm by 20%. Earlier last year, Chris Kirubi presented his interest in acquiring 49.99% of the Investment company. An addition from the 30 …

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Equity Group

Equity Group Receives Approval to Merge with Congo’s Bank BCDC

Equity Group holdings Plc (EGH) has received regulatory approval to merge Equity Bank Congo (EBC) and BCDC to form a new bank. Going forward, the new bank will be known as, Equity Banque Commercial du Congo (EquityBCDC). This follows EGH’s acquisition of 66.53% shareholding of BCDC from the family of George Forrest, combined with prior …

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Capital Markets Operations to Continue Normally Despite COVID-19 in Kenya – CMA

In line with the mandate of ensuring an orderly, fair and efficient market as well as protection of investors, the capital markets industry is working jointly to ensure that market activities continue normally as Kenya copes with the devastating effects COVID-19 is having on the global economy and after the confirmation of a few known …

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Sanlam Kenya PBT profit up 550 Million for FY19 as Firm rises from Losses

Within the period under review, the Sanlam Kenya group posted improved results posting a pre-tax profit of Kes 550 million compared to a prior year’s loss before tax of Kes 2.1 million Total revenues from gross written premium and investment income improved by a remarkable 50% compared to the previous year, while total outflows from policyholder benefits and expenses increased by 4%.

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Central Bank of Kenya Cuts Benchmark Lending Rate Again

In the past Viagra and other ED medications worked very well, but in the past couple of years, they have stopped https://vgrsingapore.net/cipro-singapore.html working. Renting an apartment in Rome How do I book colosseum entry tickets?The Central Bank of Kenya (CBK) has cut rates for a second consecutive time, as the economy continues to operate below …

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CMA Appoints Wyckliffe M. Shamiah as the Acting Chief Executive

The Board of the Capital Markets Authority has today announced the appointment of Mr. Wyckliffe M. Shamiah as the Acting Chief Executive of the Capital Markets Authority with effect from January 1, 2020. Prior to his appointment, Mr. Shamiah had served as the Director Market Operations since November 2011 and has held multiple senior positions …

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Image of Kengen generating power plant

Kengen, KPLC Annual Results Delayed further on Auditor-General Appointment

Kenya Power and Lighting Company Plc and KenGen Plc on Friday said there would be a further delay in the announcement of their full-year results as the appointment of a new auditor general will not be finalized by end-November. Both the state-controlled companies must secure approval for reporting their corporate results from the government’s new …

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Stanbic holdings

CMA grants Stanbic Africa On-Market Trading on Stanbic Kenya Shares.

The capital Markets Authority has granted Stanbic Africa Holdings Limited [SAHL] an extension period to buy more shares of Stanbic Kenya Holdings Plc on the Nairobi Securities Exchange. Stanbic Africa Holdings Limited (SAHL) had announced in 2018 the intention to purchase, through a Tender Offer an additional 59 million shares of Stanbic Holdings Plc, an …

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