logo
Kenya's bourse to allow single share trading from August to spur market

Kenya's bourse to allow single share trading from August to spur market

The Star29-07-2025
NAIROBI, July 29 (Xinhua) -- The Nairobi Securities Exchange (NSE) on Tuesday said it will allow single-unit retail trading of shares to increase the participation of small investors at the market.
In a statement released in the Kenyan capital of Nairobi, the NSE said that with the changes effective on Aug. 8, the buying and selling of shares in single units will be allowed as part of its broader initiative to improve access to investment opportunities.
"By enabling single-unit trading, the NSE is providing greater flexibility for investors, reducing entry barriers and encouraging wider participation, particularly from retail investors who have previously found it difficult to invest due to high minimum trade sizes," the NSE said.
Frank Mwiti, chief executive officer of the NSE, said the changes will increase financial inclusion and support the growth of retail investor participation, while also aligning with global best practices in equity trading.
The NSE has been on a rally in 2025, with investor wealth rising by 477 billion Kenyan shillings (about 3.69 billion U.S. dollars) in the first half of the year to 2.417 trillion Kenyan shillings, the highest level since mid-2022.
However, the bulk of the investors are institutional, with retail investors' participation at the market standing at a paltry 2.5 percent, according to the NSE.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Latvia declares agricultural emergency amid floods, crop damage
Latvia declares agricultural emergency amid floods, crop damage

The Star

time15 minutes ago

  • The Star

Latvia declares agricultural emergency amid floods, crop damage

RIGA, Aug. 5 (Xinhua) -- The Latvian government on Tuesday declared a state of emergency in the country's agricultural sector, effective until Nov. 5, in response to prolonged rainfall and flooding that have severely disrupted this year's harvest. According to the Agriculture Ministry, extended periods of wet weather since May 2025 have flooded fields across many regions, preventing farm machinery from accessing crops, delaying harvests, and significantly reducing yields. Cereals, a key Latvian agricultural export, have been hit particularly hard, the ministry said. It warned that failure to fulfill supply contracts could damage the sector's international reputation and harm the country's overall export performance. Excessive moisture has led to rotting in cereals, legumes, potatoes, and other crops. In many areas, crops have failed to germinate or been damaged by saturated soil. The ministry noted that many farmers with contractual obligations are now unable to meet them, exposing them to legal and financial risks. The state of emergency allows authorities to implement legal solutions appropriate in force majeure or extraordinary situations. The State Revenue Service will be able to waive penalties for farmers who are unable to pay taxes on time due to crop losses. Financial institutions, including banks, may also offer relief to affected farmers, such as deferred principal payments, interest renegotiation, and rescheduling without penalties.

Ethiopian Airlines earns 7.6 bln USD in annual revenue
Ethiopian Airlines earns 7.6 bln USD in annual revenue

The Star

timean hour ago

  • The Star

Ethiopian Airlines earns 7.6 bln USD in annual revenue

ADDIS ABABA, Aug. 5 (Xinhua) -- Ethiopian Airlines, Africa's leading carrier, announced on Tuesday that it has earned 7.6 billion U.S. dollars in revenue during the 2024/2025 Ethiopian fiscal year, ending on July 7. During a briefing in Addis Ababa, the capital of Ethiopia, Mesfin Tasew, group chief executive officer (CEO) of Ethiopian Airlines, said the revenue saw an 8 percent growth compared to the previous fiscal year. "The airline performed well during the year amid regional conflicts in the Middle East, Ukraine, Sudan, and the Democratic Republic of the Congo, the slowing down of the world economy, and the introduction of new laws and regulations by the United States," said Tasew. According to the CEO, the revenue was generated by transporting 19.1 million passengers, comprising 15.2 million international travelers and 3.9 million domestic passengers, as well as carrying approximately 785,000 tonnes of cargo. Recalling that the airline launched six international passenger services during the year, the CEO said the airline's network has expanded to 145 international destinations. Besides, 13 new passenger aircraft were put into operation to step up its growth and profitability. The CEO disclosed that the Ethiopian national carrier is set to add 20 aircraft in 2026 to accommodate the growing number of passengers. Highlighting that Addis Ababa Bole International Airport, currently the main hub for Ethiopian Airlines, will soon reach its capacity of serving 25 million passengers per year, Tasew said the airline is undertaking the construction of a mega airport project about 45 km southeast of Addis Ababa to handle the ever-growing passengers.

Pfizer reports strong Q2 revenue
Pfizer reports strong Q2 revenue

The Star

timean hour ago

  • The Star

Pfizer reports strong Q2 revenue

NEW YORK, Aug. 5 (Xinhua) -- U.S. pharmaceutical company Pfizer announced its second-quarter earnings on Tuesday, reporting a 10 percent year over year operational growth. The financial results posted by the New York-headquartered company represent revenue of 14.7 billion U.S. dollars or 0.51 dollars of earnings per share. In an upward revision of its full-year guidance, Pfizer said it now expects adjusted earnings per share for 2025 to range between 2.90 dollars and 3.10 dollars, compared to its previous forecast of 2.80 dollars to 3.00 dollars. The company maintained its annual revenue projection of 61 billion to 64 billion dollars, reflecting confidence in its underlying business performance. "Our business is performing well and I'm pleased with the progress we achieved in the second quarter," Pfizer Chairman and CEO Albert Bourla said in a statement. Pfizer's strong performance came amid mounting policy pressures from the White House. U.S. President Donald Trump has recently sent letters to 17 pharmaceutical companies, including Pfizer, demanding that they cut prices on all existing medications for Medicaid patients to levels no higher than those in Europe. During Tuesday's earnings call, Bourla acknowledged that the company received the letter from the Trump administration. However, he declined to elaborate on the policy's specific impacts, although he emphasized that discussions with the administration have been "extremely productive." Pfizer's Q2 results were bolstered by rising sales in several key product categories. Its Vyndaqel line of cardiomyopathy treatments showed solid growth, and COVID-19-related products were major contributors.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store