🇰🇪 Nairobi Securities Exchange

Sameer Africa's net profit for the year ended December 2023 declined by 53.7 percent to Sh46.3 million, weighed down by the weakening of the shilling against the dollar.

Foreign investors extended their exit from the Nairobi Securities Exchange (NSE) into the quarter to March this year, new market data shows, despite a gradual improvement in the performance of local equities.

Listed cement maker Bamburi has cautioned investors that its profit for the year ended December last year will plunge by a quarter compared to the earnings booked in 2022, citing a one-off settlement during the divestiture of its Ugandan subsidiary.

The Nairobi Securities Exchange (NSE) reported a 34 percent increase in net profit to Sh18.4 million in the year ended December, helped by higher revenue from sale of market data.