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Eyes on CMA as Nairobi bourse remains shaky

Eyes on CMA as Nairobi bourse remains shaky Monday March 15 2021 Summary The bond market has been ripped by scandals after investors lost their money in collapsed issuers and is now mostly trading government treasuries. In early 2020 the coronavirus pandemic hit stock prices, which fell with foreign investors exiting, sending the bourse to a multi-year low. Perhaps as a testament to its resolve amid the crisis, the Capital Markets Authority (CMA) has returned to the drawing board and now wants to review its 10-year master plan and hopefully reinvigorate the market. With four counters suspended and more companies leaving the Nairobi Securities Exchange(NSE) than those joining, poor off-take of new products and a market so concentrated that one company matches the value of all the other 60 companies, Kenya’s capital market is in a sorry state.

When a company recovers from financial distress

When a company recovers from financial distress Thursday February 04 2021 NSE chief executive Geoffrey Odundo (left) with Nairobi Business Ventures executives Vasu Abotula (centre) and Raj Srungarapu during a bell ringing ceremony. PHOTO | DIANA NGILA | NMG By LOISE WANGUI It is said that even the most successful businesses have failed at some point in time. Companies that are financially stable today may not be so tomorrow. Equally, many companies that are financially unstable today may have a turnaround strategy that propels them to success. Handled correctly, rock bottom could serve as the first stepping stone a company needs to begin climbing back up to the top. This is the lesson learnt from the recent restructuring of the Nairobi Business Ventures Limited (NBV) through the injection of capital in exchange for equity by a strategic investor, Delta International FZE.

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