Corporate debt fades on Chase, Imperial defaults - 8 months ago, 11 July 19:00

Patrick Alushula

The popularity of corporate bonds at the Nairobi bourse has dropped sharply due to a lack of clear compensation policy and may remain so unless Chase Bank and Imperial Bank bondholders get their cash back.

Capital Markets Authority (CMA) says the absence of a clear policy and action plan to reimburse bond investors whose funds remain locked in the banks has reduced interest in the securities.

“Activity in the corporate bond market in the years leading to 2015 was fairly active until the two issuances brought an unexpected drought in this market,” said the CMA in a recent study on low uptake of products at Nairobi Securities. Exchange.

“The market seems to have taken a back step in the active issuance of corporate bonds as investors who invested in the two bonds still seek recourse on their investments.”

Only one corporate bond has been issued in the last two years against 28 Treasury ...
Read More

Category: business opinion news lifestyle corporate markets economy


8 hours ago, 12:50
Continental airlines body roots for open skies

The African airspace is poised for greater heights if liberalisation of skies for carriers is realised, according to a continental airlines body. African Airlines Association (Afraa) Secretary General ...

Category: business topnews news
10 hours ago, 11:38
Sistema.bio founder Alex Eaton visits regional offices in Kenya

Sistema.bio founder and Chief Executive Officer (CEO) Mr. Alex Eaton is in Kenya with a view of visiting field offices, launching Sistema water boilers and meeting farmers. The Sistema.bio CEO is on a ...

Category: business topnews news
11 hours ago, 10:44
CDC Group Opens Nairobi Office

In 2018, the UK government declared its commitment to increase trade ties with African countries, particularly Kenya. That commitment has been reaffirmed after the government’s development finance ...

Category: business kenyan news
18 hours ago, 03:00
Cane farmers protest want Sh2.7 billion listed beneficiaries published

Cane farmers want all state owned sugar factories to publish names of all farmers listed for payment of Sh2.7 billion arrears owed to them. This is one of the resolutions reached yesterday by the ...

Category: business topnews news
18 hours ago, 03:00
Agency seeks legal changes to hasten disposal of State firms

Lengthy processes delaying Government exit with the risk of low returns. A review of the legal framework on privatisation of State firms is expected to clear some of the major hurdles that have held ...

Category: topnews news business
18 hours ago, 03:00
Mombasa tea trade to get digital facelift

Plan: Processes will be automated to increase efficiency More than half of the world’s commodity passes through the auction. The East African Tea Trade Association (Eatta) has received Sh150.2 million ...

Category: topnews news business