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Covid-19, political noise dampen NSE recovery

Covid-19, political noise dampen NSE recovery
Tuesday January 26 2021
Investors in Kenya s stockmarket counted paper losses largely as a result of weak corporate governance and the Covid-19 pandemic. PHOTO | FILE | NMG
Summary
Low participation by foreign investors, saw average foreign investor participation to total equity turnover decline from 68.6 percent in December 2019 to 60.6 percent by the end of July 2020.
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Investors in Kenya’s stockmarket counted paper losses after Ksh203 billion ($1.86 billion) of their wealth was wiped out on the Nairobi Securities Exchange (NSE) last year largely as a result of weak corporate governance and the Covid-19 pandemic that hurt corporate earnings and dimmed dividend prospects and foreign investments. ....

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Daniel Kiptoo Bargoria appointed as the Acting Director General of EPRA

Daniel Kiptoo Bargoria appointed as the Acting Director General of EPRA
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The Energy and Petroleum Regulatory Authority (EPRA) has announced that it has appointed Daniel Kiptoo Bargoria as the Acting Director General effective immediately.
The previous Director General Robert Pavel Oimeke was Thursday 10 December 2020 arrested by the Ethics and Anti-Corruption Commission on allegations of bribery. He was held in custody and later released on police bond, as the Anti-Corruption agency concludes its investigation.
Following communication from the Ethics and Anti-Corruption Commission, the EPRA Board has today jointly decided to interdict Mr. Oimeke as Director General of the company. Further, the board has appointed Mr. Daniel Kiptoo Bargoria as the Acting Director General, on recommendation of Cabinet Secretary for Energy. ....

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