Kenya and China stock exchanges ink MOU
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The Nairobi Securities Exchange on Tuesday formalized the proposed partnership with the Shenzhen Stock Exchange (SZSE) by signing a Memorandum of Understanding.
1M | 3M | YTD | 1Y | 2Y |
-2.97% | -3.07% | +19.01% | +2.45% | -12.26% |
Value Traded (Mln KES) 86.75 |
Volume 6,479,300 |
Transactions - |
Market Cap. (Bln KES) 1,625.98 |
The Nairobi Securities Exchange on Tuesday formalized the proposed partnership with the Shenzhen Stock Exchange (SZSE) by signing a Memorandum of Understanding.
KCB Group (NSE:KCB) will Friday allot 147.3 million new shares worth Sh6.2 billion to former owners of National Bank of Kenya (NSE:NBK) which it recently acquired in an all-stock transaction.
The Nairobi Securities Exchange has extended ARM’s suspension from the exchange by nine months. The cement company was placed under administration in August 2018 due to financial challenges. Insolvency experts George Weru and Muniu Thoithi were appointed as the joint administrators of the company.
The Central Bank of Kenya has announced the merger of Commercial Bank of Africa Limited and NIC Group (NSE:NICB) effective September 30, 2019.