This research report was prepared by the Research Department of Old Mutual Securities Limited. Old Mutual Securities Limited is a securities trading company licensed by the Capital Markets Authority (Kenya) for the purpose of facilitating trade on the Nairobi Securities Exchange.

News making headlines:
  • Treasury set to pay KES 10B of the estimated KES 30B tax refunds in Jan 2015 with balance to be cleared within Q1 of same year
  • Listed retailer Uchumi supermarkets secures additional KES 600M from KCB at a cost of 18%
  • Regional lender East African Development Bank has received USD40M (KES 3.56B) from the African Development Bank to expand its long-term lending to infrastructure, manufacturing, tourism and health sectors
  • The Kenyan shilling firmed against the dollar on Tuesday as investors sought local currency before the auction of a government infrastructure bond on Wednesday, 22nd Oct 2014
  • Swiss firm Dufry International AG has been awarded a 10-year contract to build and maintain duty-free shops at East Africa’s busiest airport, Jomo Kenyatta International Airport
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