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    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

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    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

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    Egypt Signs several multimillion-dollar energy deals at Investment Forum

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    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

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    Committee to promote trade between Ghana, Japan started

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    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

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    African youth to benefit from Microsoft and AfDB coding platform

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    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

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    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

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    Power in South Africa- EarthJustice

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    IATA projects that Kenyan market could more than double in size in 20 years

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    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

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    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

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    venture africa-AfDB

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    EAC looks to review its textile strategy

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    Rwanda and Uganda lead East Africa in switch to electric cars

    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

    America’s Dow celebrates circular economy achievements in Nairobi

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    Egypt Signs several multimillion-dollar energy deals at Investment Forum

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    EU and UNCTAD seek more coffee aroma from Angola

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    Finland increases its support to African Development Fund

    Finland increases its support to African Development Fund

    Qatar Airways- The exchange

    Qatar Airways grabs a handsome stake in Rwanda International Airport

    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

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    Committee to promote trade between Ghana, Japan started

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    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

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    Burkina Faso benefits from $53 million AfDB funding for solar energy

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

  • Stock Markets
    • All
    • DSE
    • NSE
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    • USE
    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

    CMA is set to recover Ksh208 million from illegal trading in fixed income securities

    Kenya’s security market regulator moves to tame fraud

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

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    Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

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South Korea to use Kenya as trading gateway to Sub-Saharan Africa

South Korea positions itself for investments opportunities in Kenya's Big Four Agenda

Njenga Hakeenah by Njenga Hakeenah
July 21, 2018
in Investing, Kenya
0
President Uhuru Kenyatta and South Korea PM Lee Nak-Yeon.

President Uhuru Kenyatta and South Korea PM Lee Nak-Yeon. South Korea has agreed to use Kenya as its trading gateway to Sub-Saharan Africa. [Photo/PSCU]

South Korea has agreed to use Kenya as its trading gateway to Sub-saharan Africa and pledged to work closely with the government to implement the Big Four Agenda.

This was revealed on Friday when President Uhuru Kenyatta and the Prime Minister of the Republic of South Korea Lee Nak-Yeon held talks to enhance Korea’s role in Kenya’s economy.

Nak-Yeon who is in the country on a two-day official visit is accompanied by more than 70 business leaders. Kenya has been the trading gateway to East African countries especially Uganda, Rwanda, South Sudan and Burundi.

President Kenyatta and Nak-Yeon met at State House, Nairobi, where they agreed to strengthen the partnership between Kenya and Korea especially in fields where the Asian economic giant is a leader such as technology and the blue economy.

South Korea which leads in shipping has agreed to support Kenya to develop its nascent sector. This will be complementary to the efforts of connecting Kenya as a trading gateway to other countries like Ethiopia through the LAPSSET project.

Prime Minister Nak-Yeon said his country is also ready to support the development of Kenya’s fishing industry as well as opening up its market to fish from Kenya. This move could earn the Kenyan business an extra revenue stream.

Nak-Yeon added that Korea will open its market to Kenya’s agricultural produce such as coffee, tea and flowers.

Korea has offered to partner with Kenya in the enhancement of manufacturing through the transfer of skills and is already supporting Kenya on the Konza techno city project.

The PM revealed that Korean phone manufacturing companies are ready to set up factories in Kenya and transfer their technology and skills. He said Korea is also ready to share its experience in healthcare with Kenya as it seeks to achieve Universal Health Coverage.

He further added that Korean companies have the expertise to support Kenya in achieving the affordable housing dream.

“The businessmen who have accompanied me are all looking for business opportunities in Africa and especially Kenya,” said PM Lee.

The Korean leader underscored Korea’s commitment to continue working with Kenya in expanding its geothermal power capacity, a field in which Kenya is among global leaders.

President Kenyatta said Kenya and Korea have similarities as they are both countries built on human capital and can benefit from a stronger partnership.

He lauded the support Korea has given in the establishment of the Kenya Advanced Institute of Science and Technology (KAIST) at Konza, an institution aimed at enhancing the quality of higher learning in Science and technology.

“Promotion of a digital society is a fundamental priority of my government, as seen in the existing agreement in e-government, aimed at establishing a Korea-Kenya E-Government Cooperation Centre in Nairobi,” said President Kenyatta.

The meeting was attended by Foreign Affairs Cabinet Secretary Monica Juma and her counterparts Amina Mohamed (Education), Joe Mucheru (ICT) and Charles Keter (Energy).

This is the first High-level engagement of Kenya and the Republic of South Korea under the new administration of President Moon Jae-in.

Earlier in the day, the Korean PM attended a Korea-Kenya business forum at the Kempinski Hotel in Nairobi.

Read also;

Israel to train start-ups at Konza tech city – Kenya

Kenya, South Korea set to sign pact for Konza City University

French firms seeking a piece of the pie in Kenya, investors flocking in from Paris

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Tags: Amina MohamedBig Four AgendaCharles Ketere-governmentJoe MucheruKaistKempinski HotelKenya Advanced Institute of Science and TechnologyKonzaKonza Techno CityKorea-Kenya business forumKorea-Kenya E-Government Cooperation Centre in NairobiKorea’s role in Kenya’s economyLee Nak-YeonMonica JumaNairobiPresident Moon Jae-inPresident Uhuru KenyattaPrime Minister of the Republic of KoreaSouth KoreaState HouseTrading gateway to Sub-saharan AfricaUniversal Health Care
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