Blog

Hi, what are you looking for?
Microsoft, Liquid Cloud in deal to deliver cloud services in Africa
Little increases bike messengers earnings by 10 per cent
OPPO to unveil its Reno8 series in Kenya
Google looks to raise its smartphone game with latest Pixel 7
Kenya’s Tourism-led Tech Studio, Purple Elephant Ventures Raises Sh120.9 million To Build Tech-driven Tourism Start-ups
Meta to launch ‘metaverse academy’ in France
PE firm Ascent Capital buys majority in Valley Hospital in Nakuru
Mastercard, OPay announce strategic partnership to grow cashless ecosystem
Does the 12pc minimum wage have a discernible effect on employment?
Telkom and Airtel subscribers to access Lipa na M-PESA services
CBK Governor lauds Ruto’s move to slash government expenditure
KRA set to unveil its web-based Tv station to enhance tax literacy
Revenue collected in Kenya is only enough to pay salaries and debts – Ruto
President Ruto directs Treasury to raise Sh300bn from various ministries
Kengen MD Rebecca Miano appointed EAC and Regional Development CS
IFC Managing Director Makhtar Diop sits down with Sauti Sol
Seasoned Content Creators Jacky Vike And Jaymo Ule Msee Offer Great Advice To Newbies
Creativity in Marketing: What it Takes to Create Powerful Campaigns
Capital FM, EABL and MSK in partnership to launch marketing-driven podcasts
AgriTechs bet on Kenya’s mobile coverage to make farming more productive
Capital FM’s Digital Director David Muba and EABL’s Head of Media Futures Waithera Kabiru Discuss their Digital Careers
The Importance of the Role of Marketing in an Organisation as told by Graham Villiers-Tuthill
Growth, Love and Education in the Life of Funke Michaels
Head of Brand and Marketing Communications at Safaricom, Carolyne Kendi, Shares Her Atypical Marketing Journey
Manish Sardana on Entrepreneurship, Leadership and What it takes to be Successful in a Digital World.
Capital FM commemorates anniversary of Chris Kirubi’s death
Finding Opportunity in the midst of the pandemic: AskKirubi
COVID-19: Lessons Learned and Future Direction for Entrepreneurs
Kirubi set to acquire half of Centum Plc following nod by CMA
Kirubi warns investors against fake cryptocurrency platform using his name
By
Published
NAIROBI, Kenya, Oct 11 – The Kenyan government is seeking to increase the number of listed State Owned Enterprises at the Nairobi Securities Exchange(NSE).
President William Ruto said his administration targets to privatize between six to ten government-owned firms in the next twelve months.
The pronouncement is aimed at attracting more investors into the bourse that has seen little or no major investments over the last six years.
The Head of State instructed the relevant parties to commence the review of the Privatization Act with a view to repealing it and replacing it with a more facilitative framework that will accelerate the privatizations.
“The government is embarking on reviewing the Privatisation Act to create a legal framework that will ease the structure of listing for companies,” he said.
Ruto spoke at the launch of the NSE Market Place in Nairobi, noting that the government will support companies looking to be listed on the stock market.
Through the program, NSE aims to communicate investment opportunities to the world & attract fresh foreign direct investments into the country.
The Head of State also encouraged the private sector companies to work together with the Capital Markets Authority(CMA) and the NSE to list.
“For those that are reluctant to list because of issues around tax, we will work together with them to deal with any impediments,” said Ruto.

Ruto said he looks forward to having as many Kenyans trading on the NSE and being able to generate wealth for themselves courtesy of the stock exchange.
NSE Board Chair, Kiprono Kittony welcomed the move to privatize state-owned firms saying it would boost listings at the bourse.
“Public sector and stateowned listings have driven up other markets and we hope that we can realize the same here at NSE,” said Kittony.
The Government has also commenced the process of developing the Nairobi Financial District, the newest financial centre.
“I am reliably informed that investment is a function of savings. Without a savings culture we cannot participate meaningfully in investment. I am working with existing entities like NSSF to promote a savings culture,” said Ruto.

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight…
NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any…
NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead…
It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be…
NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March…
NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety…
NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of…
NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the…
© 2022 Capital Digital Media. Capital Group Limited. All Rights Reserved

source