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- Fanning the Kenyan stock market...
Fanning the Kenyan stock market...
Kenya's #1 newsletter among business leaders & policy makers
Howdy! It's Brian again.
In today's edition of ‘The Daily Brief’, we analyze strategies that the Nairobi Securities Exchange (NSE) intends to employ to revitalize the trading floor…
We also have a look at Kenya's outstanding forex reserves and currency stability.
And…a detailed analysis on the mediation efforts over the Congo crisis…
These…and more stories…
CAPITAL MARKETS
New energy for the stock market
CEO of the NSE, Frank Mwiti
The Nairobi Securities Exchange (NSE) has unveiled an ambitious five-year strategy aimed at attracting 9 million active retail investors, both domestically and in the diaspora. Frank Mwiti, the CEO of the NSE, announced the strategy during an appearance on the Trading Bell Show. He emphasized the exchange’s commitment to mobilizing retail investors back into the market. This goal is particularly ambitious given the current state of the market where approximately 97.5% of the 1.5 million accounts used for trading securities, including shares, are inactive.
Other strategies include :
🔸Enabling fractional trading
🔸New investment products like Exchange-Traded Funds (ETFs)
🔸Expanding its agency network
📈 On the Trading Floor
How the Kenyan stock market performed today…
Today's Poll
Do you think the NSE has what it takes to revitalize Kenya's capital markets? |
Last Friday's Poll Results
Which business sector in Africa do you think will grow exponentially this year?
‘Finance’ led with 52.17%
ECONOMY
Forex Reserves Vs. The Kenyan Shilling
Forex
Kenya’s forex reserves held by the Central Bank of Kenya (CBK) increased by US$332 million to bring the total to US$9.219 billion. The 3.7% increase marked a second consecutive increase in 2025 from US$8.9 billion a week earlier with the shilling stalling at 129.19. The current reserves are enough to cover 4.7 months of imports, both falling above the 4 months statutory requirements and the EAC’s convergence requirement of 4.5 months of import cover. The CBK expects forex reserves to increase by US$1.45 billion in 2025, mainly from the International Monetary Fund (IMF) and the World bank disbursements. However, there are foreseeable challenges posed by US President Donald Trump's policies.
More on the Economy…
COMPANIES
Genghis Capital saved from accounts’ freeze
Genghis Capital
The High Court has thrown out an application by a South African businessman seeking to freeze the accounts of Genghis Capital, ruling that there was no evidence that the Kenyan investment bank was ‘stripping its assets’ amid an unresolved debt feud. The businessman, Auswell Mashaba, filed an affidavit stating that he had obtained a decree against Genghis Capital in 2020 over a KSh 380 million, which the investment firm had not paid. He added that Genghis Capital had intentionally failed to honour the terms of the decree so that it could dispose off its assets.
Also on Companies…
GEOPOLITICAL ANALYSIS
Video of the Day
Foreign aid is taking money from poor people in a rich country and giving it to rich people in poor countries
May your week be prosperous