Safaricom is the leading mobile network operator in Kenya with 68% market share of total mobile subscribers in the country. It controls 79% of voice traffic and 96% of mobile text messages. The company is the largest listed entity on the Nairobi Securities Exchange by market capitalisation,...
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...
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...
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...
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...
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