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Kenya stock exchange plans mobile trading app by end of first quarter – The Africa Report

By David Whitehouse
Posted on Thursday, 17 November 2022 11:28
The Nairobi Securities Exchange plans to launch a mobile trading app for retail users by the end of the first quarter, CEO Geoffrey Odundo tells The Africa Report.
The multi-asset class trading platform will come with a corporate news feed and real time pricing and data, Odundo says.
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The Federation of German Industries (BDI) has recommended that the German government throw its weight behind the African Continental Free Trade Area (AfCFTA) Agreement, arguing the continent is pivotal in efforts to diversify markets.
Ghana’s central bank must act as a lender of last resort to the banking system as a domestic debt restructuring deprives financial institutions of income from government securities, economists say.
South Africa’s African Bank, which was on the verge of bankruptcy, is revelling in a 38% jump in annual profit on the back of 87% growth in retail loaning after doling out R14bn ($800m) in a year.
The government of Kenya will only sell financially stable parastatals through the stock market to boost activities at the Nairobi bourse, which has been declining for months now on foreign investors’ flights.

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Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.