Fashion retailer Deacons East Africa (NSE:DCON) has sunk into administration, forcing capital markets regulator to suspend its shares from trading on Nairobi bourse.

The Capital Markets Authority (CMA) has granted approval for the cross-listing by introduction of Bank of Kigali Group Plc (RSE:BK) on the Nairobi Securities Exchange (NSE).

The Nairobi Securities Exchange (NSE) has once again been plunged into an integrity crisis after it emerged that suspicious trades occurred on the KenolKobil (KENO) counter ahead of Tuesday’s announcement of a looming buyout of the company.

The Nairobi Securities Exchange (NSE)has reviewed the price movement spreads for shares, with the smallest possible movement for stocks priced below Sh5 now set at one cent from the previous five cents.