Stock market investors lost Sh172.7 billion of their wealth in April as the Nairobi bourse cooled off from the previous month’s heightened activity that rallied share prices and created billions of shilling in paper wealth.

According to media reports the President confirmed National Oil Corporation to dual list on both Nairobi and London Stock Exchange.

Barclays Bank of Kenya (NSE:BBK) has termed a suit filed by a Kenyan firm laying claims to the Absa name as malicious, arguing that it has also registered the name for use in Kenya.

Safaricom (NSE:SCOM) users will soon be able make transactions online thanks to a new partnership with global online payments platform PayPal and TransferTo, a cross-border mobile payments network.