Headlined by two equities boards and liquid options for bonds both in primary and secondary trading, Kenya’s capital markets stand out for their maturity in comparison to most African markets, although other asset classes are in the early stages of development. Advanced instruments such as derivatives for hedging or speculation are not yet available, but market...
Financial Services
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Articles & Analysis | Reforms and new trading options are set to transform the bourse from The Report: Kenya 2014
Articles & Analysis | The government finalises its foreign currency bond sale from The Report: Kenya 2014
A major highlight for Kenya’s capital markets sector in 2014 was the government’s first foreign currency bond sale in June 2014. Successfully issuing the two tranches of a eurobond on June 16, 2014, Kenya joined a select list of sub-Saharan countries that have sold foreign-currency-denominated debt, including Nigeria, Ghana, Zambia, Rwanda and South Africa. The issue...
Articles & Analysis | Long-term goals focus on boosting Nairobi’s position as one of the continent’s key financial centres from The Report: Kenya 2014
Kenya’s blueprint for broad-based economic development is its Vision 2030 document, which outlines a series of long-term goals and how they will be reached. One of the key elements of the plan is turning Nairobi into a financial centre for the East Africa region. The Capital Markets Authority, the government regulator, has developed a Capital Market Master Plan, a...
Articles & Analysis | Share Analysis: Bamburi Cement from The Report: Kenya 2014
The Company
Bamburi Cement is the largest cement manufacturing company in East Africa. The company has three subsidiaries, Bamburi Special Products, Hima Cement in Uganda and Lafarge Eco systems. Bamburi exports cement mainly to regional markets. Kenyan operations contribute 67% of sales, while Uganda...
Articles & Analysis | Manufacturing from The Report: Kenya 2014
The Company
East African Breweries Limited (EABL), Diageo’s brewing powerhouse, is the leading producer of alcoholic beverages in the East African region and the second-largest listed company on the Nairobi Securities Exchange by market capitalisation (KSh229bn, $2.6bn). With operations in Kenya, Uganda and...
Interviews & Viewpoints | OBG talks to Razia Khan, Regional Head of Research for Africa, Standard Chartered from The Report: Kenya 2014
To what extent will the US tapering of the quantitative easing (QE) programme affect Africa as an investment destination?