🇰🇪 Nairobi Securities Exchange

Markets fell on Monday after Kenyan opposition leader Raila Odinga formally challenged the results of this month’s presidential election at the country’s Supreme Court.

The stock market reopened Wednesday after the General Election holiday with a gain of Sh31.8 billion as preliminary results showed a tight race between opposition leader Raila Odinga and Deputy President William Ruto.

The State-controlled National Social Security Fund (NSSF) raised its stake in listed lender KCB by 3.33 million shares in the second quarter of this year, taking its total outlay on the bank’s stock to Sh11.5 billion.

Insurance group Britam Holdings says it could sell all or part of its stake in mortgage financier HF Group within one year as part of its strategy to reduce its exposure to the stock market.